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GST ComplianceSection 4 : Appointment of Officers (Updated till July 2024)
Section 4 of the CGST Act as amended by the Finance Act 2023 Note: Section 4 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text On
GST ComplianceSection 3 : Officers under this Act. ( Updated till July 2024 )
Section 3 of the CGST Act as amended by the Finance Act 2023 Note: Section 3 of the CGST Act is amended retrospectively by Finance Act 2023 with retrospective effect from 1st July 2017. The amended portion is depicted with a different color. Text On
GST ComplianceAmended Section 10 of the CGST Act: Composition Levy (Updated till on July 2024)
What is composition levy for small taxpayers in GST covered by section 10 of the CGST Act? Composition levy is a scheme for small taxpayers. They can opt for this scheme to reduce their compliance. A composition taxpayer is required to file only 4 returns
the disparity between resource mobilization by the Center and state governments persists
The 16th Finance Commission faces a daunting challenge as the disparity between resource mobilization by the Center and state governments persists. With a focus on sustainable development goals and balanced regional growth, the upcoming commission will decide the distribution pattern of net tax proceeds between
GST ComplianceMajor Improvements Unveiled in GSTR-9 for the Fiscal Year 2022-23!
Exciting updates await in G9 for the fiscal year 2022-23, aiming to streamline and improve the GST filing process for increased efficiency. Here’s a snapshot of the key modifications: Negative Values in Table 17 & Table 18: Taxpayers can now report negative values in Table
Amendment of GSTIN in the Bill of Entry Post Out of Charge (OOC) Status
On November 7, 2023, the Directorate General of Systems and Data Management, Central Board of Indirect Taxes and Customs (CBIC), issued Advisory No. 27/2023. This advisory introduces a significant change: customs officers now have the authority to modify the GSTIN for a Bill of Entry
GST ComplianceUltraTech Cement has been issued an order for a GST demand and associated penalty totaling Rs 2.28 crore.
The company intends to pursue legal action in response to the aforementioned order, as it has already deposited the differential duty with interest, yet the authority has failed to acknowledge this. During the quarter ending on September 30, 2023, the company reported an impressive increase
GST ComplianceDGGI Exposes Fraudulent ITC Claims Syndicate Involving 102 Firms, Worth Rs 275 Crore
GST authorities have uncovered a syndicate engaged in the illicit transfer of input tax credit (ITC) worth Rs 275 crore through 102 fraudulent businesses. According to an official statement from the Ministry of Finance, the officers of the Directorate General of Goods and Services
GST ComplianceTwo factor authentication in E way bill where AATO is 20 Cr or more
The GST E-Way Bill System has issued an important update dated November 6, 2023. Starting from November 20, 2023, taxpayers with an Annual Aggregate Turnover (AATO) of Rs 20 Crore and above are required to implement Two-Factor Authentication (2FA). To ensure smooth management of E-Way
GST ComplianceRectification of GSTR 1 allowed by the court after time barred
The public_profile can be reached at shaifaly.ca@gmail.com Cases Covered: Varshan Enterprises Vs Office of the GST Council Citation Mafatlal Industries Limited v. Union of India Pentacle Plant Machineries Private Limited v. Office of the GST Council, New Delhi and others Commissioner of CGST & Central
CA Shafaly Girdharwal
GST CompliancePetition for facility of revision of GST return
A writ petition has been filed in the Supreme Court by Adv. Sri Pradeep Kanthed regarding facilitating option for *revised GST returns under the provisions of the GST Act. Many taxpayers are facing a lot of issues due to clerical errors done in GST returns.
GST Compliance7 Things before making a reply to GST notice
The public_profile can be reached at shaifaly.ca@gmail.com Jurisdiction- The notice should be from the proper jurisdictional officer. You are not required to make a reply to a notice sent without a jurisdiction. Is time-barred? – In case notice is time-barred you are not required to
CA Shafaly Girdharwal