GST Articles

The introduction of Section 128A in the Central Goods and Services Tax (CGST) Act, 2017, by the Finance (No. 2) Act, 2024, aims to provide relief to taxpayers by waiving interest, penalty, or both for certain tax demands. This provision, effective from November 1, 2024, covers tax periods from July 1, 2017, to March 31, 2020, and is […]

The treatment of vouchers under GST has been a subject of debate due to their unique nature. This article provides an analytical study of GST applicability on vouchers, covering definitions, classifications, taxability, and judicial perspectives. Definition- As per section 2(118) of CGST Act, “voucher” means an instrument where there is an obligation to accept it as consideration or part

The Supreme Court of India’s decision in the case of Chief Commissioner of Central Goods and Services Tax & Ors. vs. Safari Retreats Private Ltd. & Ors. ([2024] (SC)) has addressed significant questions regarding the availability of Input Tax Credit (ITC) for constructions under the Central Goods and Services Tax (CGST) Act, 2017. The judgment analyzed the

GST Audit under Section 65 of the CGST Act, 2017 is conducted by the tax authorities to verify the correctness of the turnover, taxes paid, refunds claimed, input tax credit (ITC) availed, and other compliance-related aspects of a registered taxpayer. This audit is initiated by the Commissioner or an authorized officer and is distinct from

The Goods and Services Tax framework has undergone significant transformations since its implementation in 2017. Recent amendments and judicial pronouncements have further shaped the dynamics of GST registration. Latest Changes in GST registration process 1) Aadhaar Authentication for registered persons: Rule 10B of CGST Rules had been inserted by Noti. No. 38/2021-Central Tax dated 21.12.2021. Aadhaar authentication

The Government of India has introduced a new Amnesty Scheme under GST, notified via Notification No. 17/2024 – Central Tax. The Indian Government periodically announces amnesty schemes under the Goods and Services Tax (GST) to help taxpayers resolve non-compliance issues, reduce the burden of penalties, and encourage voluntary compliance. In 2024, the New Amnesty Scheme aims to address certain

This article delves into the legal framework surrounding cash seizure, the grounds on which authorities exercise these powers, and the remedies available to taxpayers in such cases. The primary question that arises for consideration is whether the expression “things” contained in Section 67(2) of the CGST Act includes cash / currency seized during search and seizure. Before adverting

Suo Moto Cancellation of registration may be initiated by the Tax Official for various situations as mentioned in the provisions of GST law like: – Any Taxpayer other than composition taxpayer has not filed returns for a continuous period of six months. Supplies any goods and / or services without issue of any invoice, inviolation of

The Finance (No. 2) Bill, 2024, introduces significant amendments to the Central Goods and Services Tax (CGST) Act, 2017, aiming to refine and enhance the GST framework. Below is a detailed analysis of the proposed amendments: 1.   Amendment of Section 9: Expansion of Taxable Goods (Applicable from 01.11.2024 by Noti. No. 17/2024-CT) The amendment to Section 9(1) expands

Goods and Services Tax (GST) in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. Among the various classifications of taxpayers under GST, one unique category is that of the Casual Taxable Person (CTP). This article delves into the concept of a Casual Taxable Person, its necessity, registration process, specific provisions under the