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An advisory has been issued by the Goods and Services Tax Network ( GSTN ) for the generation date for the Draft GSTR-2B report for the tax period of December 2024. The update follows the filing due date extension for GSTR-1 and GSTR-3B returns as mentioned under Notifications No. 01/2025 and 02/2025, dated January 10, […]
The Central Board of Indirect Taxes and Customs (CBIC) has issued a new set of guidelines, known as Instruction No. 01/2025-GST. These guidelines update the previous rules regarding how arrests and bail work for offences related to the Goods and Services Tax (GST) under the CGST Act of 2017. The very amendment complies with the […]
A wish list has been presented by the medical devices manufacturing industry ahead of the upcoming union budget 2025. They are seeking several key changes, including making tax rates more consistent, offering better incentives for exporting products, and keeping a closer eye on the minimum retail prices for imported devices. These changes are aimed at […]
In the case of Kashi Exports vs Union of India & Ors. (2024), the Gujarat HC instructed tax officials to take another look at a request for a refund associated with GST made by Kashi Exports. The matter is towards the computation of the adjusted total turnover under Rule 89(4) of the CGST Rules. Kashi […]
In India, Goods and Services Tax (GST) has been introduced to ease indirect taxation while ensuring compliance. One recurring problem suffered is the interest demand towards the deposited tax amounts in the Electronic Cash Ledger (ECL), though not set off while submitting the GST returns. The blog analyses the statutory nuances of this problem, its […]
The Goods and Services Tax Network ( GSTN ) declared the start of Phase III of the mandatory HSN code implementation for GSTR-1 and GSTR-1A, which comes into force from the return period of January 2025. It introduces the amendments objecting to improve the precision and compliance in notifying the HSN (Harmonized System of Nomenclature) […]
India Energy Storage Alliance said batteries, whatever the type of technology should be taxed uniformly at 5% GST like electric vehicles to support the emerging sector. With the coming Union Budget, India Energy Storage Alliance (IESA) President Debi Prasad Dash expressed that the government can consider safeguarding the domestic cells and battery component manufacturers with […]
In this article, SAG Infotech explains how the GST Department recovers tax amounts from debtors under Section 79(1)(c) of the CGST Act 2017. Speaker Om Birla cited that the world learns from the tax system of India. Under GST the whole country has to pay the uniform indirect taxes. Before that, each state had its […]
The Madurai bench of the Madras High Court held that the personal delivery or e-mail notice of the Goods and Services Tax (GST) order must be furnished before providing the GST portal or newspaper. It held that without this personal delivery, it breaches the provision of Section 169 of the GST Act, 2017. In a series of […]
