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…
Tag: GST
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…
1500 Aadhaar cards used illegally to generate bogus GST numbers
The state GST department has unearthed a scam with a new modus operandi where 1,500 Aadhaar cards were illegally used…
GST Council to meet on February, 18: Know what to expect
The GST Council will meet on 18th February, 2022 to discuss a host of issues including states’ revenue position and…
No major GST rationalisation, slab changes planned for now
India is not planning any major rationalisation to rates under its goods and services tax (GST) regime and is also…
GST revenue of ₹1.50 lakh cr monthly to be new normal next fiscal: CBIC chief
GST collection in current fiscal year is likely to average around ₹1.45 lakh crore GST collection is expected to average around ₹1.50…
Changes in GST Law proposed in Union Budget 2023-24
Several amendments have been proposed in the GST Law in the Finance Bill, 2023 which is a part of Union…
2nd highest Gross GST collection in January 2023
The gross GST revenue collected in the month of January 2023 till 5:00 PM on 31.01.2023 is Rs 1,55,922 crore of which CGST is Rs…