What is GST Refund under Exports & how does it work? Exporters may apply for a GST (Goods and Services Tax) refund for the GST they paid on the goods or services that are exported using this process. By preventing exporters from being compelled to pay tax on the same goods...

Facts of the case: The Assessee has filed the refund application under the category of Supply made to SEZ unit/Developer with payment of tax and subsequently, the Assistant Commissioner sanctioned refund vide order dated 14.12.2020. Thereafter, competent authority i.e., Princi...

Introduction Goods and Services Tax (GST) is an indirect tax system implemented in many countries, including India. It aims to streamline and simplify the taxation process by replacing multiple indirect taxes with a single unified tax. GST registration is a crucial step for bu...

Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. It is a comprehensive tax system that replaces multiple indirect taxes such as Value Added Tax (VAT), Central Excise Duty, and Service Tax. GST is levied at every stage of the...

Introduction: In a significant development, the Karnataka High Court has quashed the Rs 21,000 crore GST notice against Gameskraft, a popular online gaming platform. The court held that the notice was issued without following proper procedures and that the amount claimed was u...

The Goods and Services Tax (GST) is a wide-ranging indirect tax that has taken the place of several indirect taxes in India. It is a unified tax imposed on the provision of goods and services throughout the country. GST has streamlined the tax system in India, making it simple...

The Goods and Services Tax (GST) is a comprehensive indirect tax that has been implemented in India since July 2017. It is applicable to all goods and services, including exports. GST in Export refers to the tax levied on the export of goods and services from India. In this ar...

An official has reported that GST evasion detection by tax officers has almost doubled year-on-year, reaching over Rs 1.01 lakh crore during the just concluded 2022-23 fiscal year. During the previous fiscal year, officers of the Directorate General of GST Intelligence (DGGI) ...

The Madras High Court examined the issue of whether the petitioners are qualified for a refund of all unused ITC (input tax credits) that each of them has accumulated as a consequence of being subject to an inverted duty structure. Facts in a case The petitioners were all empl...

Many people don’t pay close attention to their restaurant bills, but those who do will notice that the bill includes charges for both CGST and SGST. Have you ever wondered if all restaurants are required to charge these taxes, or if there is a way to avoid them? To answer thes...

What is TCS under GST TCS is an acronym for Tax Collected at Source. In the context of GST regulations, all e-commerce operators are required to collect 0.5% under the CGST Act and 0.5% under the SGST Act. If the transaction is between states, the e-commerce operator must coll...

The Goods and Services Tax Network (GSTN) has released an advisory on the time limit for reporting Goods and Services Tax (GST) invoices on the Invoice Registration Portal (IRP). The advisory stated that the government has imposed a time limit on reporting old invoices on the...

What is Amnesty scheme? An amnesty scheme is a program initiated by a government or other authority to grant a pardon or forgiveness to individuals or groups who have committed certain offenses, usually related to tax or financial matters. The scheme typically involves a limit...

In India, the Goods and Services Tax (GST) was implemented on July 1st, 2017. To file GST returns, taxpayers need to use GSTR forms that adhere to specific slabs and eligibility criteria. The taxpayer’s income details must also be included when filing with the tax authorities....

In 2017, India introduced a new Goods and Services Tax (GST) system to streamline the indirect taxation system by replacing various taxes such as VAT and service tax. However, the increasing number of registrations and the expansion of the GST network has also led to a surge i...

What is RFD-01 and RFD-01A? RFD-01 is an online platform used for processing refunds under the GST system. Users can file this application on the GST portal to claim refunds for taxes, cess, and interest paid in situations where there are no taxes on supplies (except in the ca...

Changes in GST rates: - The Union Budget 2023 suggests changes to the GST rates for various goods and services. One of the proposals is to lower the GST rate for electric vehicles (EVs) from 5% to 3% to decrease the country's dependence on fossil fuels. Additionally, the gover...

Elevate Tax Services provides GST registration in Jaipur, which is the process of obtaining a unique Goods and Services Tax (GST) identification number for your business. Elevate Tax Services can help you complete the GST registration process smoothly and efficiently. If you a...

This comprehensive guide provides an in-depth understanding of GST TDS refund, including its eligibility criteria, procedures, and benefits. From filing for a refund claim to dealing with common issues, this article covers everything businesses need to know to maximize their r...

Introduction Filing GST returns can be a tedious and complex task, but it is a crucial aspect of any business. Timely and accurate GST filing can help businesses avoid penalties and stay compliant with the law. Ritesh R Khetan's Chartered Accountant firm in Lokhandwala offers...

Goods and Services Tax (GST) is a value-added tax that has replaced multiple indirect taxes in India. Learn about the basics of GST, its impact on businesses, compliance requirements, and more in this comprehensive guide. Stay up-to-date with the latest GST news and updates. R...

Get a comprehensive overview of the Reverse Charge Mechanism (RCM) in Goods and Services Tax (GST) including its definition, scope, time of supply, exemptions, and the process for claiming the input tax credit. Stay up-to-date on RCM compliance and regulations. Read Out Our Bl...

This article explains what HSN codes are and their importance in international trade. It covers how to identify HSN codes, their structure, and how they impact businesses. https://www.mygstrefund.com/what-is-hsn-code/

Learn about GST Registration and the process of obtaining a GSTIN for your business. understand the eligibility criteria, and required documents. https://www.mygstrefund.com/step-by-step-guide-to-gst-registration-everything-you-need-to-know/

Understanding GST notices issued by the government. Learn how to respond to notices. Get comprehensive information on GST Notices. https://www.mygstrefund.com/gst-notices-what-you-need-to-know/

In this post, we will know about restrictions on availing of Input Tax Credit-wide Rule 36(4) of CGST Rules, 2017. Restriction on Availing Input Tax Credit wide Rule 36(4) of CGST Rules,2017.

Filing your GST returns is now easy with WeP GST return filing software. WeP provides an easy-to-use GST filing software with all the forms and features you needhttps://wepdigital.com/best-gst-platform-for-return-filing

Every GST-registered taxpayer (every GSTIN) is required to submit a GST return, which details all of their income, sales, expenses, and purchases with the tax authorities. The tax authorities use this to determine the net tax obligation. Contact us at My Financial Advisory if...

Filing your GST returns is now easy with WeP GST return filing software. WeP provides an easy-to-use GST filing software with all the forms and features you need https://wepdigital.com/best-gst-platform-for-return-filing

Any company operating in India that sells products or provides services with an annual revenue of at least 20 lacs or 40 lakhs in a fiscal year must register for GST and have a working GST Number.If a company in India sells products and services, the limit for intrastate trans...