37th GST Council Meeting Highlights – Optional Annual Returns for Small Taxpayers

The 37th GST council is likely to discuss the following issues in the upcoming meeting:Reduction of GST Rates in Auto Sector,Review return filings,ITC treatment in the healthcare sector,Review present Revenue Position,Single Authority Mechanism for Export Refunds and Uniform GST rates for Lottery Tickets. Read our blog here to know more.

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Provisional ITC as per New Simplified GST Returns

Can I claim ITC on Provisional Basis once the new returns come in force? This question is asked by many purchasers many a times. The answer to this question has

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Direct Port Delivery (DPD) scheme under GST

CBIC, in an attempt to reduce the dwell time, improve supply chain efficiency and minimise the cost on logistics for EXIM (Export-Import), has undertaken various steps and initiatives. One of

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Legal Disputes and Appeal under GST

In case of any legal disputes, wherein the person involved is not happy with the decision passed on by a lower court, the person can raise an application to the

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Understanding Demand Notice under GST

Understanding Demand Notice under GST Under the GST regime, the responsibility of assessing the tax liability falls on the taxpayer himself. While self-assessment spares the GST officials from the cumbersome

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Reversal of ITC for Real Estate Developers

The 34th GST Council held on 19 March 2019, announced the modalities for the lower effective GST rate for Real Estate Sector. The slashed GST rate i.e. 1% in case

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Service Exports From India Scheme

SEIS or Service Export from India Scheme is reward-based initiative from the government, which aims to elevate the export of certain notified services and eventually boost the economy. Under the

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Exploring Simplified GST Returns – Taxpayer’s Profile

GST 2.0, a.k.a the Simplified GST Returns is expected to simplify indirect taxation for the taxpayers, and provide a boost to the economy in India. But as they say, “Rome

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Procedural Aspects of Sabka Vishwas (LDRS) Scheme

What is Sabka Vishwas – Legacy Dispute Resolution Scheme? Sabka Vishwas (LDRS) Scheme, 2019, a dispute resolution and amnesty scheme under GST, shall come into force from September 1, 2019.

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Sabka Vishwas – Legacy Dispute Resolution Scheme (LDRS)

Update 2nd September 2019: The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019,(SVLDRS) application has been made available online from 1-9-19. The declaration under Section 125 of the Finance (No. 2)

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Deemed Export under GST

The process of supplying the goods (produced/manufactured in the country) on an international scale is known as Export. Such supply of goods and service contribute to the growth of an

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Casual Taxable Person under GST

The provisions made under GST define a Casual Taxable Person as any individual who transacts goods and services occasionally while acting as a Principal, Agent or in any other capacity

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