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Brief Summary of GST Litigation with Main Reasons

Simplify GST Litigation with Reasons & Action by Officials

On the supply of goods and services in India, GST would be the complete indirect tax that would get charged. The Goods and Services Tax (GST) has been in place for more than five years, but the GST litigation is still in its infancy. It is anticipated that as time quickly passes, more and more […]

GST Council to Examine New Validations of GST Return Forms

CBIC Recommends New Validations of GST Return Forms for Tracking Evasion

The GST Council has notified that it might consider the CBIC’s recommendations on adding new validations to the GST return filing in order to track evasion and fake ITC claims in its upcoming 50th GST Council meeting scheduled in July. The action was taken by the Central Board of Indirect Taxes and Customs (CBIC) in […]

Tips to Easily Handle Return Scrutiny Notice Via GST ASMT-10

Easy to Handle GST ASMT-10 Scrutiny Notice for Returns

A person registered under GST would be needed to file the GST returns as per the norms of the GST law. But there might be some cases when you might obtain a GST return scrutiny notice in ASMT-10. It provides you with a notice which has been issued via the department for validating the preciseness […]

Tips to Quickly Handle SCN Under GST

Best Strategies to Handle GST SCN with Basic Reply Format

In this article, you shall read about the method for easy handling of the Show Cause Notice in GST, the specified steps shall make you learn about the process of managing the SCN. beyond that, an application provided in this article will make you understand the format of the response of SCN. In the complex […]

Banks and Insurance Companies Under GST Scanner

GST Scanner Moves Towards Banks & Insurers for High Commission

A prominent private bank, 29 insurance businesses, five non-banking financial organizations (NBFCs), and more than 100 suppliers would get show-cause notices from the GST authorities. These organizations were involved in funding bogus services so that the insurers could pay a bank fee that exceeded the legal limit. A renowned private bank received a commission from […]

A Useful Guide to GST Checklist for Tax Professionals

Important GST Checklist Guide to CA and Tax Professionals

As the end of the financial year approaches, it is essential for businesses to ensure that they are complying with their Goods and Services Tax (GST) obligations. The GST system can be complex, with various rules and regulations that need to be followed, which is why having a checklist can be incredibly helpful. In this […]

50th GST Council Meet: Key Updates on GSTAT and Rates

The 50th Goods and Services Tax (GST) Council meeting is in progress today, on July 11th, 2023. Chaired by Union Finance Minister Nirmala Sitharaman, this meeting holds paramount importance in discussing crucial taxation issues. It is important to note that the information shared is reflective of the present circumstances. We will continue to provide you […]

Interest Calculation Under GST on Delayed Payment

Interest Calculation on Delayed GST Payment U/S 50(1)

Finance Bill 2019-20 revises the Central Goods and Services Tax (CGST) Act with retrospective effect by inserting a new proviso in section 50(1) to compute the interest on late GST payments. Due to this amendment, there is now an arbitrary and illegal distinction between the balance in the electronic credit register (ECrR) due on cash […]

GST Rate On Roti and Paratha

Just a 5% GST Rate on Roti Why 18% on Paratha, Check Here

The GST on paratha has been a hotly debated topic for Indian customers. Due to their varied compositions, roti and paratha are subject to various GST rates. In this post, let’s examine the specifics of the CBIC GST rate and the GST on the paratha. Why is the 18% GST Rate on Paratha While Roti […]

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