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Search results for: GST benefits

ITC Restoration Under GST to Restaurants in Budget 2024

NRAI Urges Center to Restore GST ITC in Union Budget 2024

the National Restaurant Association of India appealed to the government to reinstate input tax credit for restaurants. Additionally, they recommended an increase in the GST rate existing 5% to 12% in anticipation of the upcoming Union Budget. In a letter addressed to Finance Minister Nirmala Sitharaman, the National Restaurant Association of India emphasized the need […]

Kerala HC’s Order for Ansil Ibrahim and Nahasshukoor

Kerala HC Upholds Constitutional Validity of GST Section 16(2)(c) and CGST Rule 36(4)

The High Court of Kerala at Ernakulam has dismissed two writ appeals challenging the constitutional validity of specific provisions under the Central Goods and Services Tax (Central GST) Act and Rules. The pleas were filed by two businessmen, Nahasshukoor, proprietor of M/s N. S. Metals, and Ansil Ibrahim, proprietor of M/s Light House, both located […]

Quick to Understand GEO-code Address Verification Under GST

A GST Guide to Geo-Coding Process for Address Verification

Unveiling the Basics of GEO-Coding Geocoding stands as a requisite step in the address verification process within the Goods and Services Tax (GST) framework in India. This procedure entails the transformation of physical addresses into geographic coordinates, specifically latitude and longitude. It has evolved into a crucial instrument for validating the precision of a business […]

Exploring Five Significant GST Rulings in 2023

Explore 5 Essential GST Rulings for Professionals of 2023

The Goods and Services Tax rulings in 2023 were among the important legal decisions that shaped India’s taxation environment. Presenting Five Significant GST Rulings Below are the details of five significant cases related to input tax credit matching, hostel GST rate, registration cancellation, etc. Resolution of Hindustan Unilever’s Input Tax Credit Issues by Rajasthan High […]

GST Changes for MSMEs in 2023

All Significant Changes in GST for the MSMEs in 2023

As small businesses look ahead to further Goods and Services Tax (GST) reforms in the upcoming year, several crucial GST-related changes impacted MSMEs in 2023. Let’s take a swift look back at the significant events of the past year for these resilient small businesses that have navigated through regulatory shifts with determination. Validate the Units […]

Benefit to Industry If Electricity Comes Under GST Regime

Deloitte Report Shows Positive Impact If Electricity Comes Under GST

The government is exploring the inclusion of electricity within the goods and services tax (GST) framework. The Union Power Ministry is actively assessing its potential effects on various fronts such as industry, state revenues, and household electricity expenses. Historically, electricity, along with commodities like petrol, diesel, and natural gas, has existed outside the realm of […]

GST Registration Aiding Small Businesses to Get Loans

GST Portal and AA Technology Supporting MSMEs for Easy Credit/Business Loans

MSMEs benefit from GST registration by gaining access to credit and business loans, according to a notification from the Goods and Services Tax Department. In the Government of India, the Ministry of Micro, Small, and Medium Enterprises (MSMEs) holds the highest authority in formulating and administering rules, regulations, and legislation for micro, small, and medium […]

Human Intelligence Vs AI-Generated for GST Notices

Debate on GST Notices: AI-Generated vs Human Intelligence

Many emerging sectors have been issued notices for GST tax evasion. The tax authorities have been utilizing the latest technology, Artificial Intelligence (AI), to track discrepancies in tax payments. This has raised concerns and started a debate over the use of AI. If we focus on the previous financial year alone, the department has detected […]

Steps to Verify an Income Tax Notice Using DIN with Benefits

Steps to Verify an Income Tax Notice Using DIN with Benefits

Are you unsure about the legitimacy of an Income Tax Notice or Order you received lately? No need to worry some remedies can help you avoid this unnecessary dilemma. The Income Tax Department has introduced a method that uses a computer-generated Document Identification Number (DIN) to help you validate any information received from them. From […]

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