June 22, 2022
Powers relating to inspection, search and seizure under GST are covered under section 67 of the Central Goods and Services Tax Act, 2017. The gist of all the three powers are covered under the table belowProvisionRelevant powerDesignation of an officer who is granted the powersSection 67(1)Inspection of any place of business of taxable person; orInspection
June 14, 2022
Article broadly speaks on how to handle Departmental audit under GST, document and the risk parameter to avoid the notices and penalties in GST. As we know, GST (Goods and Services Tax) works on the ‘trust-based system’. Accordingly, the registered taxable person himself carries out the following compliances/ tasks under GST –Measures the tax liability on
May 27, 2022
The ‘Goods and Services Tax’ journey was started, in the year 2000, when the GST committee was set up. It took long 17 years for the GST law to evolve in India. In this article we broadly discussed on GST on Healthcare Services, GST on medicine, what is exempted form GST.1st July 2017 became the historic
May 26, 2022
The growth of online media and online services are phenomenal in the present world. The world has really seen the amazing power and convenient practical usage of online platform during the lockdown specially in sectors like advertisement, media, education and gaming. These sectors have shown double digit growth post the lockdown period including OIDAR service
May 23, 2022
Dictionary meaning of the term penalty is ‘a punishment imposed for breaking a law, rule or contract’. Article briefly discussed Penalties under GST and its precautionary list on Just like any other law, Goods and Services Tax (GST) also caters a wide range of penalties for various offences likeCarrying out any fraudulent activity;Delayed in filing
May 16, 2022
As we all know, the historic date i.e., 1st July 2017 was when the Goods and Services Tax (GST) was introduced. Around 13 taxes were subsumed into one single tax known as GST. Article briefly speaking on Implication of GST on Service Industry, GST applicability and its provisions. Going through the erstwhile laws, we will come
