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Checklist Before Trading with GST-Compliant Suppliers

Full Checklist Before Secure B2B Trading with GST Suppliers

Toward confirming the B2B deal with the GST-compliant supplier, an individual must review the below-mentioned information which would be made available on the GST portal: Check the Registration Activity of GST Suppliers Doing the transaction with the registered supplier, the recipient would ensure that the supplier would be actively enrolled under GST. As there would […]

Analysis of Clause 44 of 3CD Form

Analysis of Tax Audit Clause 44 of 3CD Form for Reporting

In the current times, Clause 44 of 3CD become the ‘Buzz word’ for every professional. People are giving their views recognizing the aspect of reconciliation with indirect tax records. Form 3CD of Tax Audit Report (TAR) was revised in July 2018 via Notification No. 33/2018 on 20.07.2018 to include Clause 44 on reporting of GST […]

More GST Extension of Tax Exemption

FIEO Needs More Extension of GST Exemption on Ocean Freight

As per the recent reports, the exporters have demanded the exemption from the GST on the freight of exports after mentioning the challenges of liquidity if there is no extension of the deadline. The Federation of Indian Export Organisations (FIEO) sent a letter to the finance minister Nirmala Sitharaman on this matter and said the […]

Insight View of GST for MSMEs

GST for MSMEs: Benefits, Business Management & Govt Actions

There are more than 7.9 million MSMEs in India dated 27th March 2022, as per the Ministry of Micro, Small, and Medium Enterprises. Nearly 30% of the country’s manufacturing production comes from MSMEs. In the 2022 Statista report, there are nearly 110 million Indians who worked in MSMEs in the financial year 2016. As compared […]

GST E-way Bill Not Compulsory for Intra-city Movement of Goods

HC: No Need to Generate GST E-way Bill for Intra-city Goods’ Movement

The Allahabad High Court held that the e-way bill would not be essential for the intra-city movement of goods, held the order by the appellate authority. But the same ruling would bind the applicant and respondent to the same could be directed in the identical case in different courts. The GST e-way bill would be […]

A Guide to Suo Moto Cancellation of GST Registration

What to do If GST Registration is Cancelled via Suo Moto?

Once GST registration has been received the same could not be revoked unless an assessee applied voluntarily against it or GST heads cancelled the same for some reason. If the GST registration would get cancelled by the GST heads the same would get specified on the GST portal as Suo Moto cancelled. One is not […]

Madras High Court's Order for M.Mallika Mahal

HC Orders GST Authorities to Grant Compliance Permission to Petitioners

The Madras High Court rendered the GST department to take adequate measures by guiding the GST network, New Delhi for furnishing the needed changes in the architecture of the GST web portal for permitting the applicant to furnish their GST return and pay the tax or penalty or fine. The single bench of Justice Anitha […]

Inflation Fears May Stop GST Rate Changes

Lower Chance of Changes in GST Slab in FY 2022-23 Due to Inflation

GST council shall not change anything in the tax slabs in the present fiscal year. Higher inflation diminishes the actions taken on an urgent basis as the purpose of the revenue neutral rate (RNR) will inevitably direct to higher rates for a large number of items and lastly their prices hikes. GoM on the GST […]

AP High Court's Order for RK Infracorp Pvt Ltd

AP HC Instructs GST Dept to Re-think Assessee’s Claim If Deserves

Under Section 54(1) of the CGST Act, it is mentioned that the amount credited in the TDS form is qualified to get a refund for the applicant. Since the excess amount was present in the electronic cash ledger the applicant has furnished 3 separate applications for the repayment of excess credit inside the electronic cash […]

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