GST

1. Overview of the High Court's DecisionA pivotal judgment by the Madras High Court in the case of Tvl. Jainsons Castors & Industrial Products v. Assistant Commissioner (ST) has provided crucial guida...

1. IntroductionUnderstanding the timeline for GST appeals is crucial. As per Section 107 of the Central Goods and Services Tax (CGST) Act, 2017, an appeal must be filed within four months of receiving...

Overview of Supreme Court RulingThe Supreme Court recently examined a collection of petitions concerning arrest powers under the Customs Act, 1962, and the Central Goods and Services Tax Act, 2017, fo...

Overview of Restaurant ServicesDefinition:As detailed in Notification No. 11/2017 dated 28th June 2017, amended by Notification No. 20/2019 dated 30th September 2019, "Restaurant services" encompass t...

Understanding the GST Composition SchemeThe Composition Scheme's primary goal is to simplify tax procedures for smaller businesses. With eligibility linked to an annual turnover of less than INR 1.5 c...

1. Introduction to ISD under GSTThe Input Service Distributor (ISD) concept under Goods and Services Tax (GST) in India traces its roots back to the Service Tax regime. This concept was integrated int...

Overview of Input Service Distributor (ISD)The ISD framework under the Goods and Services Tax (GST) scheme permits organizations with various locations to centrally accrue and allocate Input Tax Credi...

Introduction:The GST Amnesty Scheme 2024 becomes active starting November 1, 2024, offering relief from interest and penalties concerning tax demands for the fiscal years 2017-18, 2018-19, and 2019-20...

March 2025 entails significant tax compliance responsibilities under the Income Tax Act, 1961, and the Goods and Services Tax (GST) regulations. For Income Tax, critical deadlines involve submitting c...

Introduction to India's Export PoliciesIndia has emerged as a key player in the global export market, demonstrating considerable growth across various sectors. The tax policies related to exports, par...

GST Registration Criteria for a Liaison Office in India1. Introduction: A liaison office, serving as a link between a company's main office and its stakeholders, is not involved in any commercial tran...

Missed Submission of Annual GST Returns (GSTR-9) or Reconciliation Statements (GSTR-9C) for Financial Years 2017-18 to 2022-23Assessees who have received directives imposing fines for not filing GSTR-...

1. Introduction to the Finance Bill, 2025 AmendmentThe Finance Bill, 2025 has introduced a critical amendment to Section 34(2) of the Central Goods and Services Tax (CGST) Act, 2017. This change impos...

Overview: Critical Steps for the Fiscal Year-End As the fiscal year draws to an end, it is vital for businesses to evaluate their GST compliance to ensure precision and prevent any penalties. Here is...

Starting from April 1, 2025, provisions concerning the Input Service Distributor (ISD) become obligatory. Specifically, this applies when any office of a provider of goods or services receives tax inv...

1. Introduction to E-Way Bill UpdateThe E-Way Bill (EWB) mechanism has undergone significant changes as of February 11, 2025, with unregistered vendors now having the ability to register and generate...

Overview:As the fiscal year 2024-25 draws to a close, assessees need to complete important GST-related tasks to ensure compliance and facilitate a seamless transition into FY 2025-26. Key areas of foc...

Comprehensive Guide to HSN Code Reporting Regulations in GSTR-1The introduction of mandatory Harmonized System of Nomenclature (HSN) code reporting in Table-12 of GSTR-1 aims to enhance compliance and...

IntroductionThe applicability of Goods and Services Tax (GST) on rental income is dependent on the classification of the property and the GST registration status of the tenant. Over time, amendments,...

The Goods and Services Tax Network (GSTN) has recently issued an advisory detailing significant changes to the GST registration process. These modifications, implemented under Rule 8 of the Central Go...