In a recent judgment on December 15, 2023, the Hon’ble Andhra Pradesh High Court delved into the intricacies of natural justice in the case of TSN Old Iron Scrap Merchants versus the Deputy/Assistant Commissioner of State Tax [Writ Petition No. 32206 of 2023]. The case revolved around the issuance of a Show Cause Notice (“SCN”) …
The recent Notification No.: 26/2022 – Central Tax, dated December 26, 2022, has introduced significant changes to FORM GSTR-1 and IFF with the addition of two new tables: Table 14 and Table 15. In this blog post, we will delve into the purpose, details, and step-by-step reporting process for these new tables. Purpose of the …
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In the intricate world of Goods and Services Tax (GST), the concept of reverse charge has undergone a significant transformation, extending its scope beyond services to now include goods. Section 2(98) of the Central Goods and Services Tax (CGST) Act defines reverse charge as the responsibility of the recipient, rather than the supplier, to pay …
Introduction: The landscape of taxation has evolved with the advent of the Goods and Services Tax (GST) regime in India. Among the various categories of taxpayers, the concept of a “casual taxable person” plays a significant role. In this blog post, we will delve into the definition of casual taxable persons, their obligations, and the …
Introduction: The Indian tax landscape witnessed a paradigm shift with the introduction of Section 194Q through the Finance Act of 2021. Circular No. 13 of 2021, issued by the Central Board of Direct Taxes under the Ministry of Finance, Government of India, plays a pivotal role in elucidating the guidelines associated with this section. This …
If the primary authorized signatory is no longer available due to death or untraceability, a reset of the email address and mobile phone number associated with the GSTIN is necessary. Follow these steps for a smooth process: By following these steps, you can successfully reset the email address and mobile phone number associated with the …
In the world of Goods and Services Tax (GST), canceling your registration is a bit complicated. It’s important for businesses to understand what happens during and after this process to follow tax rules correctly. In this simple guide, we’ll break down what occurs after canceling your registration, including the temporary pause, ongoing responsibilities, how your …
In the dynamic realm of Goods and Services Tax (GST), a nuanced comprehension of the complexities surrounding registration cancellation is vital for businesses. Section 29(1) read with Rule 20 of the GST Act presents a dual avenue for cancellation – one initiated by the proper officer and the other instigated by the application of the …
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Introduction: Understanding how to cancel Goods and Services Tax (GST) registration is important, especially when unexpected things happen, like the owner of a business passing away. Circular No. 96/15/2019-GST, dated 28-3-2019, gives clear guidelines to make this cancellation process smoother. It helps both the current and new owners of the business transition without any hiccups. …
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Introduction: In the ever-evolving landscape of Goods and Services Tax (GST) regulations, Circular No. 204/16/2023-GST, dated 27th October 2023, issued by the Government of India through the Ministry of Finance’s Department of Revenue, sheds light on critical aspects concerning the taxability of personal guarantees and corporate guarantees under GST. This blog post aims to decode …
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