The Goods and Services Tax Network (GSTN) has added the 6% tax rate in the item details section of all the tables of form GSTR-1, except HSN table 12 on the GST Portal. A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 […]...

Recently, the Central Board of Indirect Taxes and Customs (CBIC) has notified the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 which seeks to amend Central Goods and Services Tax Rules, 2017. The notification consists of various amendments related to Rule 80 of the CGST Rule in respe...

The fitment committee of the GST Council, a key panel of Centre and state officials which looks into tax rate changes, has recommended against lowering the tax rate on vaccines from the present 5%. It said that granting complete exemption would result in increased cost of production, because the dom...

The goods and services tax (GST) is one of the biggest fiscal reforms in India. We had covered details relating to the applicability of GST registration and procedure registration in our earlier article titled GST registration requirements for NRIs. The present article covers the aspects subsequent ...

The Goods and Service Tax Network (GSTN) added new features in the GST Search Taxpayer tab at GST Portal. The two separate info namely Profile and Place of Business (PoB) has been added in the GST Search Taxpayer tab at GST Portal. The PoB is showing the Mobile Number and Email of the Principal Sign...

The word Amnesty is defined as “a pardon extended by the government to a group or class of people, usually for a political offense, the act of a sovereign power officially forgiving certain classes of people who are subject to trial but have not yet been convicted.” In respect of GST, the Govern...

GST functions on the concept of ‘self-assessment’ by which every registered taxable entity shall itself determine the tax liability under GST law and furnish prescribed returns for the specified tax period. Any entity that falls under the ambit of GST needs to follow the necessary compliances an...

These concessions granted for a limited time window of a fortnight to a month, effective May 1 The government has extended the deadlines for routine Goods and Services Tax compliances, reduced the interest charged on delayed tax payments and offered late fee waiver for taxpayers, granting these conc...

Credit card expenses incurred by employees of an Indian subsidiary are set to come under the Goods and Services Tax (GST). In a recent ruling by Tamil Nadu Appellate Authority for Advance Ruling (AAR) it was ruled that any expenses incurred by Indian employees and then claimed from the holding compa...