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Businesses are required to maintain clear records of their sales, purchases, and tax payments with the rollout of the Goods and Services Tax (GST) in India. As Excel spreadsheets are user-friendly and flexible, small and medium-sized companies find it easier to use them to track their financial details. But, manual entry of the data of […]
The Allahabad High Court has stated that the expiration of an e-way bill due to a vehicle breakdown does not constitute an attempt to evade tax under the Goods and Services Tax (GST) Act. The court has overturned the seizure and penalty orders, emphasising that technical issues arising from unforeseen circumstances should not be viewed […]
The Chhattisgarh High Court has made a significant ruling concerning Bharat Aluminium Company Limited (BALCO) regarding Input Tax Credit (ITC) on Compensation Cess related to imported coal. The court dismissed BALCO’s appeal, stating that the ITC for Compensation Cess is not permissible for electricity generated and supplied to an employee township. The judgment emphasises that […]
There is an 18% GST and not 12% on the printing of digital images/letters on paper, which constitutes services, the Kerala High Court ruled. The question to bench was to determine whether the printing activities of the taxpayer, i.e, converting the figures, letters, photographs, etc., in a digital form, into a physical format by printing […]
A recent performance audit conducted by the Comptroller and Auditor General of India (CAG) has revealed notable systemic issues within the e-way bill system associated with the Goods and Services Tax (GST) framework. This audit raises important concerns regarding the accuracy and reliability of tax reporting within the system. In the State Assembly, the report […]
The All India Notebook Manufacturers Association (AINMA) has raised noteworthy problems about an inverted duty structure after the recent GST rate rationalisation. On books and notebooks, the GST rate was already cut to zero by the 56th GST council meeting, and the tax on paper and paper boards was increased to 18%. According to the […]
The CBIC released a new announcement, through Circular No. 253/10/2025-GST, on October 1, 2025. This new circular is meant to withdraw an earlier one, Circular No. 212/6/2024-GST, which was issued on June 26, 2024. Essentially, the new circular updates or changes the information provided in the previous one. Norms have been furnished under the withdrawn […]
From 22 September 2025, the revised Goods and Services Tax (GST) rates will come into force, which were notified by the GST council, impacting businesses across sectors. GST-registered taxpayers who follow the updated rate must update their GST software. This article offers a comprehensive guide using Gen GST Software as an example. It explains how […]
The Allahabad High Court has initiated proceedings to examine the constitutional validity of Section 127 of the Central and State Goods and Services Tax (GST) Act, 2017. The court has issued notices to both the office of the Solicitor General of India and the Advocate General of Uttar Pradesh, requesting their responses to a writ […]
