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Japan arrests alleged ringleaders of ‘Luffy’ crime spree today in a situational moment

These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents...

Droughts leave cargo riverboats high and dry, how to prepare for the worst

These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents...

Section 128A: Summary Inserted by 16-08-2024

Waiver of Interest and Penalties: Eligibility for Waiver: If a person pays the full tax amount due based on notices or orders from Section...

Understanding E-Invoicing for Reverse Charge Mechanism Transactions

Reverse Charge Mechanism (RCM) Under the Goods and Services Tax (GST), the general rule is that the supplier of goods or services is responsible for...

Blocking of GSTR-1 Filing for Failure to Submit Bank Details Within 30 Days of GST Registration

  Under Rule 10A of the Central Goods and Services Tax Rules, 2017, as updated by Notification No. 31/2019 dated June 28, 2019, taxpayers must...

Reporting of opening balance under RCM liability on GST portal

Summary of RCM Liability/ITC Statement Introduction on GST Portal If a person has paid the Reverse Charge Mechanism (RCM) liability but has not yet claimed...

Credit note /Debit note Under GST

Credit note /Debit note Credit Notes: If a supplier issues a tax invoice and later finds that the taxable value or tax charged...

Can a taxpayer whose GST registration was canceled due to non-filing of returns have their registration revoked?

Can a taxpayer whose GST registration was canceled due to non-filing of returns have their registration revoked? Answer: Yes, a taxpayer whose GST registration was...

Eligibility Conditions for Input Tax Credit under Section 16(2) of the CGST Act, 2017

Eligibility Conditions for Input Tax Credit under Section 16(2) of the CGST Act, 2017 Eligibility: A registered person can claim ITC for goods or...

Refund of tax paid on Inward supply of goods by Canteen Store Department (FORM GST RFD 10A)

Refund of tax paid on Inward supply of goods by Canteen Store Department (FORM GST RFD 10A) 1As per  Circular No. 227/21/2024-GST issued by GST policy wing,...

Tax wrongfully collected and paid to Central Government or State Government.

Quick Review If an e-way bill for an IGST supply but incorrectly reported CGST and SGST instead of IGST in their tax returns GSTR -3B....

Can a Regular Dealer under GST opt for the Composition Scheme in the middle of the year?

Quick Review Can a Regular Dealer under GST opt for the Composition Scheme in the middle of the year? Answer: No. As per Section 10 of the CGST...

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