Category: GST
The GST Council and Meity must provide clarity on legal status of online gaming industry
As India moves to embrace the new economy, it is looking at several sunrise sectors that offer immense potential for growth. For decades, India has…
GST audit checklist: Ensuring compliance and mitigating risks
With never ending changes in the law in the GST regime, digitalisation of compliances and the pace with which the international trade is growing, make…
GST ITC restriction on CSR spend: Why businesses are worried about potential challenges
Seamless flow of Input Tax Credit (ITC) is the cornerstone of a robust Value-Added Tax (VAT) architecture. Simply put, say Company A – whether a…
Digital Services gst: GST on digital services: Budget 2023-24 broadens scope of OIDAR
The availability of cheaper and feature-rich cell phones along with the penetration of low-cost internet in rural India fuelled by the Digital India campaign, has…
Ease of GST compliance: Still a distant dream
India’s biggest tax reform, the Goods & Services Tax (GST) was introduced on 1 July 2017. The journey of GST in India has been a…
GST filings: System error: How automated notices under GST is leading to proliferation of disputes and litigations
The Goods and Service Tax (GST) has been one of the most complex yet progressive indirect tax reforms implemented in the history of India. The…
gst news: From audits to notices, untangling the GST regime for taxpayers
Over the last couple of years, the number of GST audits initiated by the department and notices greeting the taxpayers has significantly gone up. There…
How to resolve mushrooming GST disputes
The Goods and Services Tax (GST) was introduced with a stated objective to rationalise the indirect tax ecosystem of India creating a common national market…
Promotional Scheme: Gift or not? The confusion over GST on promotional schemes run by businesses
Businesses now-a-days are adopting new and innovative promotional schemes to attract customers. With increased competition, making space for a new business or even surviving in…
GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors
The implementation of GST in India marked the beginning of the transformation of the indirect tax framework in the country. GST laws have evolved at…