GST

Overview of GSTThe Goods and Services Tax (GST) is a comprehensive, multi-tiered, destination-based tax imposed on the supply of goods and services in India. Despite its broad scope, specific goods an...

1. IntroductionUnder the Goods and Services Tax (GST) regime, the government has been empowered to specify a list of services on which GST is payable on a reverse charge basis. In this regard, the gov...

1. IntroductionUnder the Goods and Services Tax (GST) regime, the government has been empowered to specify a list of goods on which GST is payable on a reverse charge basis. In this regard, a notifica...

1. Introduction to Reverse Charge Mechanism (RCM)In the Goods and Services Tax (GST) regime, the liability to pay tax generally lies with the supplier of goods or services. However, the GST law also p...

GST Revenue Collection Second highest monthly Gross GST Revenue collection in March at ₹1.78 lakh crore; Records 11.5% y-o-y growth (18.4% on net basis) Gross Good and Services Tax (GST) revenue for M...

Subject: Writ Petition for Quashing Show Cause Notice No. [SCN Number] dated [SCN Date] for the Financial Year [20XX-XX]Ref: [Name of Individual/Firm/Company] - GSTIN: [GSTIN Number]Respected Sir/Mada...

Subject: Rectification of IGST Input Tax Credit Wrongly Claimed under CGST and SGSTDate: [DD/MM/YYYY]To, The Jurisdictional Officer, [Address]Respected Sir/Madam,We, M/s [Company Name], having GST Reg...

Power of Inspection, Search, and Seizure under GST 1. Introduction Section 67 of the Central Goods and Services Tax (CGST) Act, 2017 provides the legal framework for authorities to exercise the power...

Refunds of ITC on Zero-Rated Supplies Made Under LUT/BondIntroduction A registered person can make zero-rated supplies of goods or services with payment of GST or without payment of GST under a Letter...

Procedure to Claim Refund under GST: A Step-by-Step GuideIntroduction A person claiming a refund of tax, interest, or any other amount under GST must comply with the specified procedure laid down in t...

IGST Refund on Zero-Rated Supplies (Other Than Export of Goods)Introduction Under the GST law, a supplier can make zero-rated supplies of goods or services with payment of IGST or without any payment...

General Conditions and Restrictions Relating to GST RefundIntroduction Claiming a refund under the GST laws is subject to certain general conditions and restrictions. These include filing the refund a...

Examining Deemed Exports under GST: Provisions and Refund Procedure Introduction Deemed exports under GST differ from regular exports as they are not treated as zero-rated supplies. Instead, the suppl...

Refunds under GST: Provisions, Procedures, and Practical InsightsIntroduction Refund, in its general sense, refers to the payment of any amount back to the person who has paid it earlier. The GST law...

Date: [DD/MM/YYYY]To, The Jurisdictional Officer, [Address]Subject: Reply to Show Cause Notice Regarding Difference in Supplies Made Through E-Way Bill and GSTR-1Respected Sir/Madam,We, [Company Name]...

Date: [DD/MM/YYYY]To, The Jurisdictional Officer, [Address]Subject: Reply to Show Cause Notice for Reversal of ITC availed on Non-Business Transactions & Exempt SuppliesRespected Sir/Madam,This is in...

Enhancing GST Compliance: A Closer Look at Physical Verification Post-Aadhaar AuthenticationIntroductionThe procedure for registering under the Goods and Services Tax (GST) in India has incorporated s...

On the 10th and 11th of April 2024, the All Gujarat Federation of Tax Consultants (AGFTC) and the Income Tax Bar Association (ITBA), Ahmedabad, encountered significant challenges with the GST portal’s...

Document Identification Number (DIN) under GST Introduction In line with the government's objective of transparency and accountability in the functioning of the indirect tax administration, the Centra...

Date: <DD/MM/YYYY>To, The Jurisdictional GST Officer <PLACE>Subject: Reply to Show Cause Notice No. ......... dated ......... for the Financial Year <20XX-XX>Dear Sir/Madam,This is in response to the...