GST has three important sections that deal with the GST Registration requirement, namely Section 22, Section 23, and Section 24 of the CGST Act, 2017. Section 22 deals with the turnover-based registration require...
The Budget 2023 has proposed to prescribe a due date for filing returns with an upper limit of three years from the due date. The GST law has established a deadline for submitting returns however this previously lacked a...
The 2023 Budget has proposed the extension of the Composition Scheme to registered individuals which was earlier not available to registered persons supplying goods through e-commerce operators. The restriction on regist...
The allowance of Input Tax Credit (ITC) for expenses related to Corporate Social Responsibility (CSR) under GST has been a contentious issue, with conflicting opinions and rulings. The 2023 Union Budget has resolved this...
The CBIC has issued clarification on statutory dues under GST law in cases where the proceedings have been finalised under Insolvency and Bankruptcy Code, 2016 vide Circular No. 187/19/2022-GST dated 27/12/2022...
The CBIC has issued clarification to deal with difference in Input Tax Credit (ITC) availed in GSTR-3B and GSTR-2A for FY 2017-18 and 2018-19 vide Circular No. 183/15/2022-GST dated 27/12/2022. During the early s...
The GST Council held its last meeting for the year after a long gap since the last 47th GST Council meeting, and thus it had 15 items on the Council's agenda. However, due to time constraints, only eight points were ...
CBIC vide Notification No. 23/2022 dated 23/11/2022 has empowered Competition Commission of India (CCI) to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022. Currently...
There has been a lot of buzz going around the applicability of GST on renting of residential property after the 47th GST Council meeting recommended that GST be made applicable in case the residential property ...
The CBIC vide Notification No. 17/2022-Central Tax dated 01/08/2022 has notified the reduction in the applicability of e-invoicing threshold limit from Rs.20 Crores to Rs.10 Crores with effect from 1st October, 2022...
