Highlights - 47th GST Council Meetings

The 47th GST council meeting was held on 28th July and 29th July 2022 in Chandigarh, wherein the council recommended the changes in the GST rates on the supply of a few goods and Services, revise the exemption list, clarified the GST rate of a few goods and Services. The ...

GST Notifications

CBIC has issued a number of notifications to amend the CGST rules in order to align with the latest GST council meetings held.

GST Judgement Update

The Hon’ble SC in the case of Bharti Airtel held that assessee cannot be permitted to unilaterally carry out rectification of his returns submitted electronically in Form GSTR 3B, which ...

GST Judgement Update

In the recent precedent of High Court (TRI), restriction imposed by department on credit usage from Electronic Credit Ledger after expiry of period of one year has been lifted, held that no scope of extension of time limit in Rule 86A of CGST Rules. Furthermore, AAR ...

Clarification on GST related Issues

CBIC has issued circulars giving effect to the 45th GST council meeting wherein the board has clarified definition of Intermediary, conditions of export of services, clarification related to reporting of debit Note and refund of Input Tax credit related issues, an epitome of ...

45th GST Council Meeting Update

The GST Council’s 45th meeting was held on 17th September 2021 in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman, wherein, several amendments have been recommended related to GST rates of assorted goods and ...

GST Applicability On Commission Received For Rendering Services As Intermediary

Andhra Pradesh Appellate Authority for Advance Ruling (AAAR) has upheld that commission received by the Applicant in convertible Foreign Exchange for rendering services as an intermediary between an exporter abroad receiving such services and ...

Highlights of GST notifications

Recent GST Notifications

Scheme guidelines for remission of duties and taxes on exported products

Ministry of Commerce and Industry has issued a Notification no

Clarification Regarding Extension Of Limitation Under GST Law

CBIC has issued a clarification vide Circular

Interest on Delayed GST Payment on Net Cash Liability

Under GST laws, interest was levied on delayed GST payment on gross liability (tax liability paid by cash and input tax credit). Due to the ongoing interest recoveries by GST department for the delayed payments, it was argued that interest must not be levied on the delayed ...

GST Registration after Authentication of Aadhar Number or Physical Verification of Place of Business

Notification No. 62/2020 – Central Tax dated 20th August 2020

Important GST Updates, June 2020

1. Circular No. 140/10/2020 – GST dated June 10, 2020 issued clarification on levy of GST on director’s remuneration to put the controversy to rest. It has been clarified that payment made to Independent directors will attract GST levy and payment to director ...

Delhi High Court ruling allows taxpayers to avail transitional credit upto June 30, 2020

Recently in the matter of Brand Equity Treaties Ltd. Vs. Union of India {[2020] 116 taxmann.com 415 (Del)}, the Hon’ble Delhi High Court (“HC”) held that rule 117 of the Central Goods and Services Tax Rules, 2017 (“the CGST Rules”) prescribes ...

Updates of 39th GST Council Meeting Decisions

GST council in its 39th meeting held on 14th March 2020 recommended extension of due dates of filing GSTR 9 and 9C (GST Annual return and Audit report), extended implementation date of E-invoicing and GST Simplified new returns, recommended changes of GST rates of certain ...

Analysis of proposed amendments vide the Finance Bill, 2020 under Goods and Services Tax

The Finance Bill, 2020 was presented on 1st February, 2020. A number of amendments were proposed in The Goods and Services Tax Act, 2017 and The Customs Act, 1962 respectively. A summary of these amendments and the impact thereof has been discussed herein.

Recent Updates Under GST

CBIC has issued certain notifications issued on 9th October, 2019 and various circulars on 3rd October and 11th October, 2019, inter alia, to facilitate filing of GST returns for the next six months, amendment in some of the ...

Updates For 35th G.S.T. Council Meeting

The GST council held its 35th meeting on 21st June 2019 and made certain decisions and recommendations relating to changes in law and procedure and tax rates on goods and services. It also involved consideration of simplified new GST Returns ...

Updates for GST Council 32nd meeting

In the 32nd GST Council meeting, held on January 10, 2019, the council proposed various relief for MSME sector and other decisions all of which would be effective from the April 1, 2019. Key takeaways of 32st GST Council meeting are as follows:

GST Updates - 31st Meeting

The 31st meeting of Goods and Service Tax (‘GST’) Council took place at New Delhi on Saturday, 22nd December 2018. The Council while announcing several reliefs and measures for the taxpayers has slashed the GST rates on various ...

GST Audits

GST Updates - 27th Meeting

The 27th meeting of Goods and Service Tax(‘GST’) Council took place at New Delhi on Friday, 04th May, 2018. The GST Council has recommended significant measures in order to attenuate the concerns of the taxpayers pertaining to ...

Implementation Update on E-Way Bill

CBIC has notified 1st April 2018 for implementation of e-way bills mandatory for inter-state movement of goods throughout India vide Notification no 15/2018 Central Tax on 23rd March 2018.

Updates for GST Council 23rd Meeting

The 23rd meeting of Goods and Service Tax (‘GST’) Council took place at Guwahati on Friday, 10th November 2017. The GST Council in order to alleviate the concerns of the taxpayers pertaining to return filing glitches and higher tax ...