GST advisory for the taxpayer wishing to register as “One Person Company”
Goods and Services Tax Network has issued an Advisory dated 21st March 2023 for the taxpayer wishing to register as “One Person…
Category: GST Articles
Reversal of ITC at midnight during search and seizure can’t be voluntary payment of GST dues: Gujarat HC
Experts feel such an action by the official was complete violation of CBIC circular and it should be avoided. Reversal…
Gift vouchers neither goods / services and thus Mytra not eligible for ITC, rules KAAAR
Myntra is not eligible for input tax credit (ITC) on the gift vouchers sourced from third party and made available to…
Transfer of amount in Cash Ledger from one GSTIN to another GSTIN enabled
The Goods and Services Tax Network (GSTN) has enabled the option to use the amount in the cash ledger of one Goods…
GST: SOP issued for Cancellation of Registration and for Repository of Non-genuine Taxpayers
The Delhi Government of NCT, Department of Trade and Taxes (Policy Branch) has issued Standard Operating Procedure vide Circular No.F.3(479)/GST/Policy/2023/ 346…
GST Breaking: Revocation of cancellation of GST Registration provisions amended
The 49th GST Council Meeting which was held today and Chaired by Finance Minister Nirmala Sitharaman has extended the Time Limit…
GST Council Breaking: Late fee provisions rationalised
As per Section 47(2) read with Section 44(2) of the CGST Act / SGST Act provides for levy of a…
Decisions taken in 49th GST Council Meeting: All you need to know
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in…
Understanding time of supply in cases of continuous supply
1. Introduction In this article we shall discuss about the meaning of continuous supply of goods / services and how…
GST Council’s 49th Meet Today: Here is What Is Expected
The GST Council is likely to take up matters such as tax rate change on cement, setting up of appellate…
GST Breaking: Negative Values in Table 4 (ITC) of GSTR-3B now Live
Goods and Services Tax Network (GSTN) has issued an Advisory dated 17th February 2023 regarding the Introduction of Negative Values in Table 4…
Cashback and gift vouchers will not attract GST, rules Karnataka High Court
The court says that under the CGST Act, vouchers are payment instruments falling under the definition of ‘money’, which is…