-
Withdrawal of Rule 96(10) from the CGST Rules, 2017
The Kerala High Court has recently made a noteworthy judgment by declaring Rule 96(10) of the Central Goods and Services Tax Rules, 2017 ("CGST Rules"), invalid and unenforceable. This decision brings...
-
Clarification on RCM Application for Renting Properties Under GST
1. OverviewThe introduction of recent updates in the Goods and Services Tax (GST) framework has provided an essential clarification regarding the application of the Reverse Charge Mechanism (RCM) in r...
-
Latest Updates on GST Rules 96(10), 89(4A), and 89(4B): A Boon for Indian Exporters
Export Refund Mechanisms under GSTRegistered assessees under the Central Goods and Services Tax Act, 2017 ('CGST Act') are given the option to export goods or services. They can do so while either pay...
-
Appeals Filed After Condonable Period in GST Cases Deemed Unacceptable
IntroductionIn the judicial matter involving M/s Reddy Enterprises and the Appellate Authority & Additional Commissioner (ST), the Andhra Pradesh High Court determined that submitting an appeal past t...
-
GST Amnesty Scheme 2024: An In-depth Examination of Section 128A of the CGST Act, 2017
1. IntroductionThe GST framework in India, established under the GST Act, 2017, contains various provisions offering relief to assessees from penalties and interest charges. Section 128A, in conjuncti...
-
GST Invoice Management System from October 1, 2024
Overview of the Simplified Invoice Management System (IMS)Starting October 1, 2024, a new feature, the Invoice Management System (IMS), is implemented on the GST portal. This facility empowers recipie...
-
The Importance of Invoice Management Systems in GST Compliance
The implementation of the Goods and Services Tax (GST) has revolutionized the way businesses handle invoicing and compliance procedures in India. A robust Invoice Management System (IMS) becomes cruci...
-
Detention and Seizure of Goods and Vehicles in Transit: Legal Framework and Penalties
Overview:The handling of detention, seizure, and subsequent release of goods and conveyances during transit following GST violations is primarily governed by Section 129 of the Central Goods and Servi...
-
Exploring the New Invoice Management System (IMS) on the GST Platform
Introduction to IMS(i) Overview of IMSThe Invoice Management System (IMS) is a newly introduced feature on the GST portal as of October 2024. While it may appear complex, it is designed to offer signi...
-
Flexible Reporting Options in GSTR-9 and GSTR-9C for Financial Year 2023-24
Overview: With the deadline for submitting GSTR-9 and GSTR-9C for FY 2023-24 nearing, the Central Board of Indirect Taxes and Customs (CBIC) has announced various relaxations and optional reporting fo...
-
Input Tax Credit on Building Construction under GST
IntroductionThe debate over the eligibility for Input Tax Credit (ITC) concerning GST paid during the construction of buildings has been reignited following the Supreme Court's judgment in the Safari...
-
Supreme Court's Decision on Input Tax Credit for Real Estate: The Safari Retreats Case
1. Overview of the Safari Retreats VerdictIn the landmark case of the Chief Commissioner of Central Goods and Service Tax & Others vs. Safari Retreats Private Ltd. & Others, the Supreme Court of India...
-
18% GST on Technical Consultation Services for Maharashtra Jeevan Pradhikaran (MJP) Projects
1. Tax Obligation on Technical Consultation for MJPTechnical consultation services meant for Project Development and Management Support for Maharashtra Jeevan Pradhikaran (MJP) are subject to an 18% G...
-
CBIC Clarification on Waiver of Interest and Penalty under CGST Act
Introduction to Amnesty under New Section 128AThe Central Board of Indirect Taxes and Customs (CBIC) has provided clarity regarding the waiver of interest and penalties under the newly enacted Section...
-
Exporters Receive Relief in IGST Refunds under Rule 96(10) of CGST Rules, 2017
Overview of Rule 96(10) and Its Impact on ExportersRule 96(10) within the CGST Rules, 2017, poses restrictions on registered assessees from exporting taxable goods with the payment of IGST while seeki...
-
What Happens If Input Tax Credit Is Claimed Under an Incorrect Head?
Overview:Since the Goods and Services Tax (GST) was implemented in India in July 2017, assessees have encountered multiple challenges, including errors in claiming Input Tax Credit (ITC). A frequent e...
-
GST Judicial Decision Digest - Edition for October 2024
The latest edition of the GST Judicial Decision Digest dated October 2024 encapsulates significant judicial determinations concerning GST issues from the High Court, GST Appellate Tribunal, Supreme Co...
-
The 'As Is Where Is'/'As Is' Dilemma – An In-depth Review
1. IntroductionThe GST Council has consistently taken steps to address contentious matters under GST by proposing to the Central Board of Indirect Taxes and Customs (CBIC) to offer clarity on the tax...
-
Understanding GST Implications on Promotional Schemes and Discounts
IntroductionThe Central Board of Indirect Taxes and Customs (CBIC) provided clarity regarding GST treatment for promotional schemes such as “Buy One Get One Free” (BOGO) and secondary discounts throug...
-
Special Audit Procedures in GST: Legal Guidelines and Court Rulings
Summary: The special audit process under the Goods and Services Tax (GST) framework serves to investigate specific irregularities in records maintained by assessees. Administered by professionals chos...