Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
What are GSTR-2B and GSTR-3B? GSTR-2B is a system-generated statement that furnishes information about all inward supplies or purchases, including information on eligible and ineligible Input Tax Credits (ITC) for a tax period. It acts as a verification tool, auto-populated based on the GSTR-1, GSTR-5, and GSTR-6 filed via suppliers. GSTR-3B is a self-declared monthly […]
The government, in relief to Goods and Services Tax (GST) payers, seems to have revised the rules of Central GST (CGST), permitting the recipients of goods and services up to two months to accept or reject a credit note and adjust the Input tax credit as per that. The taxpayers currently using the Invoice Management […]
An Overview of GST and the Requirements for Registration Goods and Services Tax (GST) is a comprehensive indirect tax imposed on the supply of goods and services in India. The GST regime was introduced in 2017, which has substituted multiple cascading taxes like excise duty, VAT, and service tax, facilitating the country’s taxation system. The […]
The West Bengal Authority for Advance Ruling (AAR) in a ruling has determined that Polyvinyl Chloride (PVC) raincoats shall be categorized under HSN 3926 as plastic articles and attract a Goods and Services Tax (GST) of 18%. The AAR ruling came following an application filed by Aristocrat Industries Private Limited (Aristocrat), a Kolkata-based manufacturer that […]
A demand of Rs 14.08 crore from the GST authority in Punjab has been received by Bajaj Electricals for an alleged mismatch in input tax credit (ITC) claimed by it, the company cited. On February 20, 2025, the company received an assessment order from the office of the Assistant Commissioner, Mohali, Punjab alleging obligation on […]
The Ministry of Finance, via the Central Board of Indirect Taxes and Customs ( CBIC ), has issued Central Tax notification No. 09/2025 (G.S.R. 129(E)) on February 11, 2025, under the authority granted by Section 164 of the Central Goods and Services Tax ( CGST ) Act, 2017. This notification mentions the enforcement dates for […]
For allegedly availing ineligible Input Tax Credit (ITC), Vedanta Ltd. has been slapped with Goods and Services Tax (GST) penalties totalling ₹141.36 crores. The Mumbai-listed company has received two GST notices demanding the tax amount, applicable interest, and penalties. GST Penalties To contest these orders Vedanta has announced the plans citing that it stayed hopeful […]
The Delhi High Court in a judgment held that the legal timeline to file a plea as given u/s 107(1) and the additional one-month condonable period u/s 107(4), is absolute and cannot be extended. The matter engaged various businesses, including Addichem Speciality LLP, JM Fleet Management Pvt Ltd, and Enia Architects. The dispute has emerged […]
The CBIC issued Instruction No.02/2025-GST on 07.02.2025, concerning the Procedure to be followed in the department appeal filed against interest and/or penalty only, pertinent to Section 128A of the CGST Act, 2017. Distinct doubts concerning the applicability of Section 128A have been described in Circular No. 238/32/2024-GST, on 15th October 2024. Queries have been raised […]
