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Goods and Service TaxNBFC

A Complete Overview of GST Applicability on NBFCs

dateNov 05, 2020
timeReading Time: 4 Minutes

The advent of Goods and Services tax has revamped the notion of indirect taxation in India. Unlike the previous tax...

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Goods and Service TaxLatest News

FM has Opened Special Window to States to Meet the GST Compensation Cess Shortfall

dateOct 29, 2020
timeReading Time: 2 Minutes

The Ministry of Finance has opened the Special Window to States for meeting the GST Compensation Cess shortfall. Un...

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Goods and Service Tax

Goods and Services Tax (GST): Consequences of COVID 19

dateOct 23, 2020
timeReading Time: 3 Minutes

Imposing taxes on the services is perhaps the most convenient way for the government to generate revenue and “doc...

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Goods and Service TaxLatest News

WB Authority of Advance Ruling on the applicability of GST rate in Various Sectors

dateOct 20, 2020
timeReading Time: 6 Minutes

The following are the latest notifications of WB Authority of Advance Ruling for the applicability of GST rate in V...

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Music License
Goods and Service TaxLatest News

42nd GST Council Meeting: Key Recommendations

dateOct 10, 2020
timeReading Time: 2 Minutes

The 42nd GST Council meeting held under the supervision of honorable finance minister Smt Nirmala Sitharaman via vi...

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Goods and Service TaxLatest News

GST Can’t be Imposed on Services Provided By Court Receiver

dateOct 03, 2020
timeReading Time: 3 Minutes

The Hon'ble Bombay High Court in the matter of Bai Mamubai Trust v. Suchitra [Decided on September 13, 20...

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Goods and Service Tax

Consequences for Non-Filing of GST Return

dateSep 27, 2020
timeReading Time: 4 Minutes

As per Section 46 of CGST Act, 2017 read with Rule 68 CGST Rules 2017, a notice in FORM GSTR-3A is i...

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Goods and Service Tax

An Overview of Blocked ITC under GST

dateSep 26, 2020
timeReading Time: 4 Minutes

Uninterrupted and smooth chain of ITC is one of the key features of Goods and Services Tax. ITC is a method to avoi...

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Goods and Service Tax

Inverted Duty Structure under GST

dateSep 25, 2020
timeReading Time: 5 Minutes

Inverted Duty Structure is a situation where the tax rate on inputs is higher than tax rate on output supplies. Inv...

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Goods and Service Tax

Implementation of GST in place of VAT in Indian Economy

dateSep 24, 2020
timeReading Time: 3 Minutes

Indian Economy is one of the economies that spend a huge sum of money towards tax paid. GST had combined all the in...

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Goods and Service TaxLatest News

Implementation of Delinking Credit/Debit Notes on the GSTN Portal

dateSep 22, 2020
timeReading Time: 2 Minutes

The De-linking of new invoices and credit and debit notes are registered under the GSTN portal. The same was amende...

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Goods and Service Tax

List of Goods and Services where GST is Applicable: Latest Rates

dateSep 21, 2020
timeReading Time: 4 Minutes

The Authority of Advance Ruling has specified various goods and services where GST is Applicable or not. Following...

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Goods and Service Tax

Overall Guide on Section 7 Schedule 1 of the CGST Act

dateSep 19, 2020
timeReading Time: 4 Minutes

Section 7 Schedule 1 of CGST Act talks about the Activities to be treated as Supply even if made without considerat...

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Goods and Service Tax

All you need to Know about Inspection under GST

dateSep 15, 2020
timeReading Time: 4 Minutes

The Goods and Services Tax (GST) is an indirect tax which has replaced the various indirect taxes which were being...

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