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Reverse GST Exemption on Science Equipment

Institutes Want Rollback GST Exemption on Science Equipment

There are much more things that have been made by scientists and from their work, particularly regarding the covid pandemic condition. However various scientists are being thought about the future of their research post to the announcement of the government for the amendment in the GST rate of 5% on the technical testing equipment related […]

Government Hikes GST Rate on Products Through GoM

Govt: New Rate on Products As Per GoM, Not Higher from Pre-GST

On the recommendations of the Group of ministers, some amendments to the GST rate have been taken in the 47th official meeting. Members of GoM belong from 7 states and the suggestions were incurred by the council, which consists of members from states and the centre. The government sources articulated that the rate of tax […]

DIN Implementation for GST Taxpayers

CA vs Govt: Rectification in DIN System for GST Taxpayers

The Supreme Court heard a Public Interest Litigation (PIL) to take action to execute a system for electronic (digital) generation of a Document Identification Number for all communications sent by state tax officers to taxpayers. The applicant, CA Pradeep Goyal through Adv Charu Mathur approached the Supreme Court seeks precise directions towards the generation of […]

Discount Treatment Under GST LawDiscount Treatment Under GST Law

Guide to GST Section 15(3) & (3)(b) with Discount Treatment

In this post, we have completely summarised section 15(3) of the central goods and service tax act 2017 which is concerned with the treatment of discounts under GST. Below we will be discussing the various aspect of the supplied value which is not considered for the discount, and also understand the section 15 (3) for […]

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 […]

Summary of GST Notification CT No. 08/2022

GST Notification CT 08/2022 to Waive-off Interest for GSTR 8 Non-Filing

The Central Board of Indirect Taxes and Customs (CBIC) has exempted the interest rate towards the non-filing of GSTR 8 through some e-commerce operators beneath section 52 of the Central GST Act, 2017. Section 52 of the CGST Act, 2017 furnishes for the tax collected at the source via e-Commerce operator towards the taxable supplied […]

GST and Customs New Mechanism for Data Sharing

GST, Customs Data Sharing Mechanism for Speeding Claim Process in IBC Cases

The government and the Insolvency & Bankruptcy Board of India (IBBI) have provided a process to share the information on the companies that suffer the insolvency action as the customs and the GST wings are missing the last date to furnish the claims, which results in extended laws. The suppliers to the companies, customs, and […]

GST Central Tax Notification No. 07/2022 for GSTR 4 Late Fee

GST Notification 07/2022 Waives Off GSTR 4 Filing Late Fee

The government has exempted the late fees for two months till June for the late furnishing of GSTR 4 return for the FY 2021-22 via small assessee enrolled beneath the composition policy.  The Central Board of indirect taxes and customs (CBIC) in a GST notification No. 07/2022 mentioned that the late fee would get exempted […]

April 2022 GSTR 3B Due Date Revised

GST Notification 05/2022 for Extension of GSTR-3B Date Due to Glitches

As the assessee suffers from the technical issues on the GST portal, the government has prolonged the GSTR-3B last date for April tax payment till 24th May 2022 via notification number 05/2022 and has rendered Infosys for the early resolution of the issues. Also, the central government has extended the deadline of the GST PMT-06 […]

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