Company law breaches by Chinese firms: ICAI disciplinary notices to over 200 CAs
The CA Institute has issued disciplinary notices to more than 200 chartered accountants for their alleged role in aiding several…
Category: GST Articles
Guidelines issued by CBIC on issuance of Summons u/s 70 of the CGST Act
The CBIC vide Instruction No. 03/2022-23 (GST-Investigation) dated 17th August 2022 has issued guidelines on the issuance of Summons under section 70…
Guidelines issued for arrest and bail for offences punishable under the CGST Act
The CBIC vide Instruction No. 02/2022-23 (GST-Investigation) dated 17th August 2022 has issued guidelines for arrest and bail in relation to offences…
GST Likely To Increase Further On Some Items To Correct Duty Inversion
Recently, pre-packaged and pre-labelled retail packs, including curd, lassi and butter milk, were brought under GST, effective July 18 After…
GST Portal Breaking: New Functionalities for Taxpayers introduced
During the month of July,2022 several new functionalities have been introduced on the GST Portal. All such functionalities are discussed…
GST rates on certain goods and services: 4 Myths busted
A lot of people are still not clear about GST rates on certain goods and services and there are a…
CBIC reduces e-Invoicing limit from Rs 20 Cr to 10 cr w.e.f. Oct 01, 2022
E -invoicing was made mandatory from 1st October, 2020, for registered persons having aggregate annual turnover at PAN level of…
GoM suggests no change in GST rate on online gaming, sticks to 28% recommendation
GoM on Tuesday concluded a meeting concerning online gaming, horse racing and casino which suggested no change in the suggested GST rate of 28%, ET…
CBIC to issue SOP for GST summons to stop harassment of businesses
To protect businesses from harassment, the Central Board of Indirect Taxes and Customs (CBIC) will soon come out with an elaborate standard operating procedure (SOP) for…
CA moves SC seeking DIN for all communications of GST Officials
The Supreme Court, on 11th July 2022, Monday, sought the response of the Central Government on a Public Interest Litigation…
Perks to employees not liable to GST, CBIC Clarifies
Perquisites provided by an employer to an employee under the contractual agreement would not be subjected to goods and services…
Negative Liability / Balance from Cash Ledger for Composition Taxpayers removed from the portal
Due to the reversal of the amount in the cash ledger of some composition taxpayers, the balance in the cash…