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Search results for: Goods and Services Tax

GST Council's 6-member GoM for New Amendments and GSTAT

Council’s GoM to Suggest GST Law Amendments and GSTAT Setup

The Goods and Services Tax (GST) officials have made a six-member group of ministers (GoM) to guide critical revisions needed in the GST laws and additional legal modifications to set up the GST Appellate Tribunal (GSTAT). Haryana Deputy Chief Minister Dushyant Chautala has led the Group of Ministers. “In its 47th meeting held on June […]

CBIC New SOP Guidelines for GST Summons and Notices

CBIC Prepares New SOP for Notices and Summons to Stop Harassment

The Central Board of Indirect Taxes and Customs (CBIC) will circulate a standard operating procedure (SOP) for serving summons along with the notices under the goods and services tax (GST) regime, to limit the harassment of businesses. The latest SOP would permit the board to track the GST probe, along with its progress and the […]

E-invoicing Mandatory for 5-cr TO

GST E-invoicing Limit for Taxpayer T.O. Exceeding 5 CR

The Indian government has decided to make GST e-invoicing mandatory for firms whose turnover exceeds Rs 5 cr via central tax notification number 10/2023. The GST council has recommended the GST e-invoice limit and the new rule has already been effective voluntarily from August 2023 as per the notification no. 10/2023 – Central Tax. GSTN […]

GST Council to Remove Tax Exemptions

Council to Withdraw Few GST Exemptions and Correct Slab Rates

The GST official has decided to rectify various tax rates and withdraw the tax exemptions, excluding building a series of amendments to the enrollment and GST refund process to increase the collections of revenue. On the second and the final day of the 47th GST meeting, the officials would see into the demand from the […]

RJ GST AAR's Order for Crown Craft India Private Limited

RJ AAR: GST Not Leviable for Goods’ Movement Operating One GSTIN

The Rajasthan Bench of Authority of Advance Ruling, secured with Vikas Kumar Jeph and M.S. Kavia held that GST would not be subjected to pay on the goods movement between the two units working beneath the identical GSTIN. The petitioner performs the business of manufacturing Thermocol, PET Bottles, Tableware, Kitchenware & Tiffin, Toilet ware, Plastic […]

Best and Worse of 5 Years GST Compliance

Summary of Best and Worse in 5 Years GST Compliance Period

5 years before, on July 1, 2017, India had started the biggest amendment in its indirect tax system through the GST that would improve the complete indirect tax structure and lastly amend tax administration and compliance. In the former 5 years, the GST implementation proves to be a ride like a roller coaster for the […]

Maharashtra AAR's Order for MKE Peripherals India Private Limited

MH AAR: Services Must be Provided Outside India to Qualify as Exports As Per IGST section 2(6)

The Maharashtra Authority for Advance Ruling stated that the place of supply of service towards which the incentive obtained will be outside India to draw the purpose of Export u/s 2(6) of IGST,2017. The appellant would be a GST enrolled individual in Maharashtra and is a reseller of Intel products which they intended via several […]

Low Number of GST Receipts Effect June 2022 Collections

Minimum Goods Transportation Data Effective June GST Collections

In the month of May to 73.6 million from 75.2 million in April, the Generation of electronic permits required for the transportation of goods inside the states has been lowered. A GST e-way bill generation makes 78.2 million contributions to a high of Rs 1.68 trillion in GST receipts in April as the businesses cleared […]

Advanced Technology for Improved GST Structure

ITC Challenge, Digitalization and Future of GST E-invoicing

Inside the indirect tax system, the GST began to remove the inefficiencies. The GST has been able to achieve some of its goals while there is much more yet to be done, particularly when it is being the question of the smaller business entities. This new system has thrown up prior to facing the challenges, […]

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