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The government has suggested some amendments to be made in the Goods and Services Tax (GST) to counter the increasing number of frauds in exports. The reports of investigations conducted have found that a large number of exporters overestimate the exports in the records in order to claim higher amounts of Input Tax Credits (ITC) […]
Following the circular issued by the indirect tax department, a wave of uncertainty was spread among the dealer group. Circular described the goods and service tax which is to be imposed on post-sale discounts by dealers. As per the circular issued by CBIC in June, the dealers were liable for 18% GST on the post-sale […]
We have seen that GST has undergone several changes since its inception in India. The GST era has not gone on a smoother path ever since it has been implemented.
GST amendment was done by the Government in the recent past and now in order to make the benefits reach to the Business class, has got the amendment notified.
GST is about to get a year old. And post discussions and reviews, the Central Government is set to introduce a total of 35 amendments.
A systemic issue has been seen in the GST portal’s auto-populated data for Table B2C of GSTR-9, affecting cases where modifications related to the previous fiscal year are made in the current fiscal year. Tax professionals and businesses are notified that during a revision pertinent to the B2C invoices for FY2023-24, made in FY 2024-25, […]
The draft of the Maharashtra Goods and Services Tax (Amendment) Bill, 2025, has been approved by the Maharashtra Cabinet and will be tabled in the upcoming session of the state legislature. To draw the GST of the state in line with recent changes made by the Central Government to the Central Goods and Services Tax […]
The Ministry of Finance, through Notification No. 5063(E), has presented significant amendments to the jurisdiction of State Benches of the Goods and Services Tax Appellate Tribunal (GSTAT) under Section 109 of the CGST Act, 2017. A reorganization of district jurisdictions for efficiency in GST dispute resolution is been ensured from this update posted in the […]
The Odisha Goods and Services Tax (Amendment) Bill, 2023 has been approved by the State Cabinet, chaired by the Chief Minister of Odisha, Naveen Patnaik. This Bill proposes to provide certain facilities and tax authorities in the state, while also simplifying the existing provision. According to the amended Bill, appeals against decisions made by the […]
