Input Service Distributor (ISD) Mechanism under GST – Proposed in Finance Bill 2024
The 50th GST council meet had recommended making ISD mandatory for distribution of common Input Tax Creditwhich are procured…
Rule Restricting The Value Of Exports Supply Upto 1.5 Times The Domestic Supply In Course Of Making A Zero-Rated Supply Is Ultra Vires: Karnataka High Court
Name of the case – Tonbo Imaging India Pvt Ltd Vs Union Of India (Karnataka High Court [Writ…
Summary of the important notifications issued by CBIC on 31st March 2023
CBIC has on 31st March 2023 issued certain notifications to implement the decisions taken by the GST Council…
For claiming ITC, genuineness of the transaction and actual physical movement of the goods is necessary – Supreme Court [pronounced under Karnataka VAT Law]
Name of the case – State of Karnataka v. M/s. Ecom Gill Coffee Trading Pvt. Ltd. [Civil Appeal…
Recent Changes in GST Rates & Analysis of Other Important Provisions
CBIC has issued various Notifications related to changes incorporated in GST rates for various Goods and service as…
Summary of Circulars issued by CBIC pursuant to 47th GST council meeting
Circulars 170-176 dated 6th July, 2022 have been issued based on the decisions taken at the 47th GST Council…
Highlights of amendments in GST Act & Rules notified subsequent to decisions in 47th Council Meeting
Highlights of important notifications issued by CBIC amending GST Act and Rules subsequent to decisions taken in 47th…
DRC-01 Notice is mandatory before concluding Assessment under the GST regime held by Mad. High Court
The Madras High Court, while quashing an assessment order in the case of VRS Traders vs. Union of…
GST authorities may now directly initiate recovery of interest accrued on non-payment of GST due to mismatch in invoices without sending any notice
Background: Effective from 1st January, 2022 the term "self-assessed tax" as per explanation to sub-section (12) to section 75…