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  • August 27, 2020

    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 ...

  • August 24, 2020

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

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

  • June 11, 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 ...

  • May 27, 2020

    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 ...

  • March 25, 2020

    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 ...

  • February 04, 2020

    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.

  • October 11, 2019

    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 ...

  • July 21, 2019

    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 ...

  • April 01, 2019

    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:

  • December 22, 2018

    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 ...

  • August 01, 2018

    GST Audits

    A business under Goods and Services Tax ('GST') is supposed to get varied kind of audits done.

  • May 04, 2018

    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 ...

  • April 01, 2018

    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.

  • November 10, 2017

    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 ...