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Treatment of Book Adjustments as Payments? Understanding GST Eligibility
Introduction In the contemporary business landscape, characterized by seamless movement of goods and services across states and borders, transactions between associated enterprises
Basic Concept of Tax Invoice, Credit note and Debit note under GST
Understanding tax invoices, credit note and debit notes is essential in navigating the complexities of the Goods and Services Tax (GST) regime in India. Let’s delve deeper in
Anti-Profiteering Mechanism Upheld: Delhi High Court Validates and Ensures Integrity of GST
Introduction The anti-profiteering mechanism embedded within the Goods and Services Tax (GST) framework, as delineated by Section 171 of the CGST Act, 2017, serves as a safeguard t
Extension of Appeal Period in GST Cases: Upholding Procedural Fairness in Tax Appeals – A Comprehensive Analysis of the Calcutta High Court’s Ruling
Introduction: Taxation laws are integral to the functioning of any modern state, providing the government with the necessary revenue to fund public services and infrastructure. How
Detention of Goods under the CGST Act – Striking a Balance Between Compliance and Fairness
Introduction The Electronic Way Bill (E-way bill), which is intended to prevent tax evasion and ensure transparency in the movement of products, has become an integral component of
Cancellation and Suspension of GST Registration: Legal Framework and Judicial Perspectives
Introduction The Goods and Services Tax regime, introduced in India on July 1, 2017, revolutionized the country’s indirect taxation system by subsuming multiple taxes under a
