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In a customer-centric approach, the world’s biggest e-commerce company Amazon has now rolled out the facility of “Bill to Ship” which is basically providing GST credit from across the states even if the Amazon Business customer had only one GSTIN in a single state. This move has been taken to offer a better indirect office […]
The journey of implementing Goods and Services Tax that started on July 1, 2017 has impacted the lives of the population of India across the length and breadth of Industry. One of the Modi-Governments’s biggest focuses in its agenda is the Goods and Services Tax 2017. Today on the fourth anniversary of GST, there is […]
Case Name Vandna Pharma Industries Vs Commissioner of Goods and Service Tax (Delhi High Court) Appeal Number W.P.(C) No. 5228/2021 Date of Judgement/Order : 07/05/2021 In this writ petition, the petitioner has asserted that its application for the refund of tax credit Get to know about official GST refund process under GST regime as finalized […]
Inside the GST regime, one of the problems is if the credit can be refused to the purchaser of goods and services for the fault of the supplier for non-payment of taxes post to collecting the tax amount through the purchaser. Important Provisions Towards the ITC the major law is Section 16 of the CGST […]
GST revenues for March 2021, collected in April 2021, have shot up to a record high of Rs 1,41,384 crore —14% higher than that of the previous month even in the wake up of the second wave of the Corona pandemic. Thanks to GST’s foolproof mechanism that has led to a spurt in GST collection […]
Foreign Investment in any economy, whether FDI or FII, boosts growth and development in that economy. This has been witnessed by India also since 1991. Having said that, various tax mechanism also comes into play with the globalization. One such mechanism is Non-Resident Taxable Person (NRTP) in registration. In simple words, it is the registration […]
With the second wave of corona being more deadly and gripping the entire country within its trap, states are seeking relief from the centre. They are demanding exemption in the GST rates of medicines (Remdesivir, Medical-grade oxygen used in oxygen cylinders, and related supplements) that are used for treating this chronic illness. The GST rate […]
Upon the system, the government is implementing to give the report to GST officers upon real-time grounds towards those vehicles who are running excluding the e-way bills to assist intercept stuck trucks at toll plazas and determine the GST theft. The assessee will also give analysis reports upon determining the e-way bill despite there being […]
There are 16 bullet points we should keep in mind while mentioning HSN Code in GST Invoice from this FY means the financial year 2021-22. Mandating the mention of HSN code on all tax invoices was a major change business had to go through. Those 16 major points to consider in this new provision are: […]
