What was the motive for introduction of anti-profiteering provisions as per Govt notification? The anti-profiteering provisions un...
Showing posts with label INDIRECT-TAX. Show all posts
Showing posts with label INDIRECT-TAX. Show all posts
MSME and GST
What are MSMEs? MSMEs stand for Micro, Small, and Medium Enterprises. The classification of MSMEs in India is defined under the Micro,...
Duty Drawback in Q&A
What Is Duty Drawback? Duty drawback is a government scheme that allows exporters to claim a refund of customs duties, taxes, and fees...
List of GST Compliance & Enforcement changes: Effective 2026
Below is the summary of Compliance and Enforcement Changes that takes effect from 01.01. 2026. These were issued as part of notification...
Gameskraft: High-Value GST Dispute in the Gaming Industry!
Case Name: Directorate General of GST Intelligence vs. Gameskraft Industry involved: Gaming Industry Arguements: Government...
Concept Basics - Place of supply
Place of supply Under GST, place of supply determines is what that determines whether a transaction is treated as intra-state or inter...
Concept Basics - ITC on Capital goods
What are capital goods Capital Goods are defined in Section 2(19) of the CGST Act as : Goods, value of which is capitalised in the...
Concept Basics - What is Supply under GST
What is Supply under GST Supply is the event that triggers tax . Meaning, you determine whether an item is taxable or not under GST, b...
Concept Basics - Category of Goods
Following are the Category of Goods under GSTs two slab structure. They are 1) Merit rate items 2) Standard goods and services. ...
Compliance Basics - Registration
Registration Applicability: With respect to GST law, the requirement is that: any business who aggregate annual turnover exceeds the p...
How GST works!
Assuming the Product sale chain is as follows: from manufacturer → to wholesaler → to retailer → to consumer. Product Manufa...
56th GST council meeting announcements (apart from rate revision)
Simplified GST Registration Applicable to whom: Businesses with monthly tax liabilities under ₹2.5 lakh. Effective Date: Novembe...
Revised GST Rate slabs introduced in September 2025
The GST Council has announced revisions in GST tax slab, which shall come into effect wef 22nd September 2025. Before revision : Prese...