February 7, 2023
There was a loud outcry amongst the trade and industry with regard to various demand actions by the departmental officer spinning around fake invoices in GST causing a hell lot of litigations.In spite of the same, it is interesting to note that the Goods and Services Tax (GST) law doesn’t define ‘fake invoices in GST’.
February 6, 2023
Hon’ble Finance Minister of India, Shrimati Nirmala Sitharaman, presented the union budget 2023-2024 on 1st February 2023.Accordingly, the Finance Bill, 2023 has proposed various amendments under the Goods and Services Tax law. Provisions relating to the input tax credit, composition scheme, return filing, registration, refund, penalty, etc. are proposed to be amended.In the current article,
February 1, 2023
Goods and Services Tax (GST), one of the biggest tax reforms, was implemented in India on 1st July 2017. Importantly, the seamless flow of input tax credit was one of the major aims behind the implementation of GST. Article described on Cross charge under GST vs Input Service Distributor, advance ruling related to cross charge.However,
