A significant development is on the horizon for taxpayers and professionals dealing with Goods and Services Tax (GST) disputes awaiting to file appeals. An appellate tribunal specifically dedicated to GST matters is expected to begin function in the latter part of the current fiscal year. This antic...

You must gear up for increased prices of certain essential commodities and services starting from 18th July 2022. The GST department has notified the GST rate revisions, and withdrawal of exemptions recommended at the 47th GST Council meeting held last month. Few items have also seen a rate cut. The...

As per section 17(5)(a), ITC on purchase of motor vehicles having seating capacity of less than 13 persons including the driver’s seat, is not available. But the section allows ITC on such motor vehicles if they are used for the following supplies: further supply of such motor vehicles (Eg, Car De...

Unorganized business entities will not do on time compliance. Such non Compliance will always be a time bomb. So few simple compliance are listed below for easy reference. Display GST number in name board of your business. Display GST registration certificate at your business place visible to your c...