April 13, 2023
The roots for announcing the Amnesty Scheme 2023 were planted in the 49th GST Council Meeting which was held under the Chairpersonship of Smt. Nirmala Sitharaman on 18th February 2023.Taking quick action to the same, the Central Board of Indirect Taxes and Customs came up with various notifications announcing different amnesties under GST. The same
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,
January 24, 2023
Basically, logistics is a part of supply chain management. It deals with the efficient forward as well as the reverse flow of goods, services and relevant information from the point of origin to the point of consumption based on the needs of the customers. Impact of GST on the logistics industry article briefly explain what
January 18, 2023
Table of Contents 1Notice under GST : Manner of issuanceIssuance of litigation noticesNotices for specified issues25 Proven ways to manage litigation under GST1. Well conversant with the GST law2. Brief examination of show cause notice3. To carry out initial home work before drafting defense reply4. Drafting and submitting of defense reply5. Representing the matter during