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GST

Allahabad HC: ITC Cannot Be Denied to Buyers for Supplier’s Tax Default

In a landmark decision that strengthens the rights of honest taxpayers, the Allahabad High Court has ruled that a purchaser cannot be denied Input Tax Credit (ITC) under the GST regime merely because the supplier has failed to deposit the tax with the government. The ruling came in the case of R.T. Infotech v. Additional Commissioner Grade 2, providing much-needed relief and clarity for compliant businesses facing issues due to… Read More »Allahabad HC: ITC Cannot Be Denied to Buyers for Supplier’s Tax Default

Delhi HC Allows Late GST Appeal Due to Absence of SCN and High ITC Demand

In a significant ruling that could offer relief to several taxpayers, the Delhi High Court recently granted permission to file a delayed appeal in a case where the assessee was unaware of a Show Cause Notice (SCN) and faced a substantial Input Tax Credit (ITC) demand. The case-Prince Diamond Jewellers (P) Ltd. v. Goods and Services Tax Officer, decided on 17th April 2025-highlights the importance of proper service of notices… Read More »Delhi HC Allows Late GST Appeal Due to Absence of SCN and High ITC Demand

GST Appellate Tribunal Rules 2025 and Key Timelines

India’s Goods and Services Tax (GST) system has streamlined the taxation process, yet disputes are an unavoidable part of its implementation. The GST Appellate Tribunal (GSTAT), as the second appellate authority, offers taxpayers an essential platform for challenging orders issued by the Appellate or Adjudicating Authorities. Understanding the GST Appellate Tribunal Rules, 2025, including the key appeal timelines, is crucial for businesses and tax professionals.  Ministry of Finance Notification On… Read More »GST Appellate Tribunal Rules 2025 and Key Timelines

GST Registration in 7 Days : New Process

The Goods and Services Tax (GST) has reshaped the tax structure in India. For many businesses, GST registration is mandatory. While it once seemed complex and time-consuming, recent government initiatives have significantly speed up the process. This guide focuses on how your business can aim for GST registration within 7 days, thanks to these new streamlined procedures. The Fast-Track to GST Registration: The government and the Central Board of Indirect… Read More »GST Registration in 7 Days : New Process

GST on Rental Income – A Complete Concept of taxability

With the recent 47th GST Council meeting and a lot of notification issued by CBIC, one of the major topic of discussion is GST on “Rental Income”. According to the Schedule II of CGST Act, 2017:- Land and Building (a) Any lease, tenancy, easement, license to occupy land is supply of service. (b) Any lease or letting out of the building which includes a commercial, industrial, or residential complex for… Read More »GST on Rental Income – A Complete Concept of taxability

What is GSTR 3B?

GSTR-3B is summary of GST return which self-declared filed every month (quarterly for the QRMP scheme). Taxpayers should report the summary figures of sales, input tax credit claimed, and net tax payable in GSTR-3B. A separate GSTR-3B need to be filed for every GSTIN The GST liability should be paid on or before the date of filing GSTR-3B, earlier of their due date The GSTR-3B once filed can’t be revised… Read More »What is GSTR 3B?

CBIC Issued New Guidelines for GST Refunds

Recently Central Board of Indirect Taxes & Customs has issued detailed guidelines for sanctioning, post-audit and review of refund claims. Let us discuss the Key feature and short summary of the guidelines. Instruction No. 03/2022-GST dated 14 June 2022. Central Board of Indirect Taxes & Customs has been observed that proper speaking orders have not been issued while issuing the orders for GST refund claims & also currently different GST… Read More »CBIC Issued New Guidelines for GST Refunds

Implications of GST on Imports

Imports and exports play an important role in determining the economic health of the country and also ascertaining the company’s economic health. Though Imports are discouraged, but no country is self-sufficient to meet their economic and consumption needs. In 2020-21, Indian imports were valued at approximately US Dollars 390 billion. These are the Types of Imports: 1. Import of Goods The definition of import of goods is in IGST Act,… Read More »Implications of GST on Imports

Composition Scheme under GST – Eligibility, Tax Rate, Conditions

Under GST the Composition Scheme is simple scheme for small taxpayer. They can get relaxation from formalities of monotonous GST and can pay tax at a fixed rate of Turnover too. This composition scheme is applicable only to those persons whose turnover is not exceeding INR 1.5 Crores. What is the Eligibility for Composition Scheme? A taxpayer whose turnover is less than INR 1.5 Crores can go for composition scheme,… Read More »Composition Scheme under GST – Eligibility, Tax Rate, Conditions

E-way Bill System – GST E-way Bill Rules & Generation Process & FAQs

‘E-way bill’ is popularly known as ‘Electronic Way Bill’. The main motto behind the e-way bill under GST is controlling tax evasion; tracking the movement of goods and ensuring adequate compliance with the GST law. E-way Bill System- An e-way bill can be generated as and when there is a movement of goods whose value is more than INR 50,000 through a vehicle or conveyance. The movement of goods can… Read More »E-way Bill System – GST E-way Bill Rules & Generation Process & FAQs