Category Archives: GST

GST On Pre-Packed and Labeled Food Items

GST On pre-packed and Labeled Retail Packs of Food Items

The 47th GST Council meeting held on June 28th and 29th, 2022, produced a new proposal stating that GST will be levied at…
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GST on Liquidated Damages

GST Applicability on Liquidated Damages, Compensation and Penalty

In a circular dated August 3, 2022, the Central Board of Indirect Taxes and Customs (CBIC) clarified the application of the GST to…
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Is GST a Boon or a Bane

Whether Implementation of GST is Boon or Bane to the economy?

Every coin has two faces and so the same applies to the concept of GST implementation in India. Of course, this is the…
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ITC on Capital Goods under GST

ITC Rules for Capital Goods under GST

Input Tax Credit (ITC) reversal calculations, input tax credit availability and non-availability calculations, and input tax credit calculations for capital under GST each…
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GST on Rent

GST on Rent of Residential Property

The Goods and Services Tax (GST) on rent went into force on July 18th. However, the GST will only apply in particular circumstances…
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GST Notices and their solutions.

GST Notices and its Possible Solutions for Taxpayers

There has been a sharp increase in the number of GST notifications in the last 2 years. This is due to the completion…
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GST on Healthcare Services

Ultimate Guide to GST on Healthcare Services

GST is a major factor that has the potential to cover the economic base of the country along with its ancillary activities, India…
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GST on Interest Income

Clear understanding of GST on Interest Income of Individual

Under the GST Regime, assessees are required to obtain registration under the GST Act based on their aggregate turnover. All taxpayers (suppliers of…
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Unacummulated Tax Credit on Input Services

Unacummulated Tax Credit on Input Services: Constitutionality of Section 54(3) of CGST Act, 2017

Taxation is seen as one of the necessities that influence the formation of every constitutional democracy. Tax policy decisions in India have an…
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GST on sale of used Motor Vehicle

What everyone should know about GST on the sale of used Motor Vehicle

The introduction of GST has brought a positive impact on the automobile sector. Previously, traders could not claim credit for excise duty and…
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GST on Bricks Manufacturer

GST on Bricks Manufacturer

According to a government proclamation dated March 31, proposed changes to the 45th GST Council Meeting on building bricks, clay tiles or roofs,…
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Breach of public trust by agents of collection

GST and Breach of public trust by agents of Collection

Businesses that collect taxes from the general public are bound by the principle of public trust as the general public who pays such…
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compliance after gst registration

Post GST Registration Compliance

The implementation of the new GST tax system has resulted in significant tax reform in the country. The new system combines several state…
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RCM on commission charged on global sales by E-marketplaces

RCM on commission charged on global sales by E-Marketplaces

In the instance of a conventional taxable supply, the supplier issues a tax invoice to the receiver, gets the money from the recipient…
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GST Registration For Ecommerce

Time of Supply for E-commerce Business under GST

Delivery time refers to the time at which goods/services are considered to be supplied ’. When the seller knows the ‘time’, it helps…
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Issues in registration under GST

Critical Issues in registration under GST

For almost two years India has taken a major step in the tax system through GST. Although there are many benefits to GST,…
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e- Invoicing and FAQs under GST

Concept of e- Invoicing and FAQs on e-Invoicing under GST

Are you also, looking for filing up of invoice of business? In that case you have landed up on the right place. The…
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GST on Manufacturer of Alcoholic Liquor on Job Work Basis

GST on Manufacturer of Alcoholic Liquor on Job Work Basis

Exemptions, rate rationalisation, expansion of relaxations to Covid supply, exports, ITC, debit notes, late penalties, inclusion of specific items / services in tax…
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How to add an additional place of business in GST

Procedure for an adding an additional place of business under GST

Do you want to start your business, or looking for how to add some additional place of business under GST? Then you have…
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Assessment of Non-Filers of Return

Section 62 of CGST- Assessment of Non-Filers of Return

Section 62 of Central Goods and Service Tax Act,2017, come into effect when a taxable person fails to file returns, as per requirements…
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GST Registration in Delhi

How to get GST (Goods and Services Tax) Registration in Delhi?

The tax taken on most of the goods and services sold for domestic use is GST (Good and Services Tax). This tax was…
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What is GSTIN and How to Apply?

GSTIN – Meaning, Structure and How to apply and applicable Fees

Every GST taxpayer is assigned a 15-digit identifying number known as the Goods and Services Tax Identification Number (GSTIN). Prior to the implementation…
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Shocking Impact of GST on Public Trusts (Charitable and Religious Trusts)

Shocking Impact of GST on Public Trusts (Charitable and Religious Trusts)

The impact of GST on Public Trusts has increased the tensions of corrupted organizations that played with the hearts of people by breaking…
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Effective Goods and Services Tax (GST) Rates in India

Effective Goods and Services Tax (GST) Rates in India

By introducing uniformity and openness to the Indian tax system, the GST (Goods and Services Tax) has transformed the outlook of the Indian…
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GST Implication on Poultry Farming

GST Implication on Poultry Farming

The poultry business produces countless work opportunities in the nation and is vital for the public economy. The poultry business is to a…
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What is the Impact of GST on Residential Properties?

What is the Impact of GST on Residential Properties?

GST, which has been carried out from 1st July, 2017 has worried the majority of citizens and business because of its compliance requisites.…
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A Brief Overview on GST Scrutiny

Any business whose aggregate turnover exceeds INR 40 lakh (excluding Northern East area and Hill state which requires INR 10 lakh as year’s…
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All you need to know about Non-filing of GST Returns

All you need to know about Non-filing of GST Returns

GSTR 3B is a Return that must be completed by a Regular GST Taxpayer. It includes a summary of the outward supplies made…
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GST Implication On the Export of Goods & Services

GST Implication On the Export of Goods & Services

The goal of the Indian government is to increase the production and quality of exports from India under the "Make in India" policy.…
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Health care services under GST Act

Health care services under GST Act

There is a saying that 'Health is Wealth,' which means that when a person maintains good health, everything else falls into place. Understanding…
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Is GST Applicable on Reimbursement?

Is GST Applicable on Reimbursement? Read to find out

Introduction The repayment of money spent by a person is referred to as reimbursement of expenses. This frequently occurs in business transactions when…
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GST Audit in India

Everything you should know about GST Audit in India

GST (Goods and Service Tax) is a tax regime that is encouraged by the Government to promote an integrated business based in India.…
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All you need to know about Charity and Mutuality under GST

Indian culture always gives equal importance to benevolence as well as socializing. Both these concepts are deeply rooted in our households. Our topic…
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What are the Legal Issues in GST?

GST has always been in news since its inception on 1st July 2017. The centre is doing a comprehensive study on the GST…
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Applicability of GST on Second Hand Jewellery

The jewellery industry is one of the most promising industries. Indians buy jewellery on several occasions. Sometimes people buy jewellery for investment and…
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GST Annual Return & Audit (GSTR 9 & GSTR 9C) For FY 2020-21

Before the Central Goods and Services Tax (Sixth Amendment) Rules, 2021came into existence, every registered person having turnover exceeding Rs. 2 Crores had…
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How to get GST Registration in Alwar (Rajasthan)?

  GST stands for Goods and Service Tax. GST gives the benefit of availing seamless credit in business transactions. However, to avail this…
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What if GST wrongfully collected and paid to Government?

GST i.e. Goods and Service Tax is an indirect tax i.e. collected from customers and paid to the government. The Act also provide…
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Impact of GST on Revenue earned from Youtube channels

These days it has become a trend of being social and maintaining one’s identity on the digital platform. One of the social media…
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GST Compliance in case of closure of business due to death of Sole proprietor

A Sole Proprietorship is a form of business organization where a business is managed by a single person. Usually, it does not require…
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Key Summary of Composition Scheme under the GST Act

The Goods and Services Tax is an indirect form of taxation that has dramatically simplified Indian taxation laws. GSTR4 serves as the GST…
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Government announces GST Amnesty Scheme for Tax Payers: Key Highlights and Benefits

The 43rd GST council meeting was held on 28th May 2021. The council has announced GST Amnesty Scheme 2021 and provide big relief…
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Understanding GST on Food Services & Restaurant Business in India

As we all know that businesses are still attempting to grasp the changes needed in their current systems due to day to day…
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E way Bill Rules & Generation Process

An e-way bill is an electronic medium to generate way bill for the movement of goods. It has to be generated on the…
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All you need to know about Major Changes under GST in Union Budget 2021

Finance Minister Nirmala Sitharaman, in Budget 2021, announced multiple changes to the goods and services tax framework aimed at helping small and medium…
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How to file GST return online

Returns under GST have undergone a lot of turmoil. GST era started with a big bang of compliance based law and complete transparency…
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GST Revocation after suo motto GST Registration cancellation

Page Content Meaning of the term “Suo Moto” Suo Moto cancellation of GST Registration GST officer to cancel the registration of a person…
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Ecommerce Operator- Legal Compliances

In the new era, a lot of people have decided to shift their business over internet. GST which is called to be a…
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