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Discover the intricacies of 'Place of Supply' in taxation with our comprehensive blog. From goods and services to reverse charge mechanisms and international trade, we unravel the rules and FAQs, helping you navigate the complex world of taxation effectively.

With only a limited number of days remaining, taxpayers have the opportunity to make the most of the extended deadline offered by the GST Amnesty scheme. This scheme has been created to provide relief to individuals who have received assessment orders under Section 62 of the C...

Introduction The situation of Inverted Duty Structure (hereinafter referred to as “IDS”) arises when the supplier has purchased the goods at a higher rate of tax and sells the final product at a lower rate of tax. In other words, Inverted Duty Structure is a situation where th...

GST Rate On Footwear The GST rate on footwear depends on the sale value of the footwear. Earlier, footwear costing up to Rs. 1000 per pair attracted a GST rate of 5% (2.5% CGST + 2.5% SGST), while footwear costing above Rs. 1000 per pair attracted a GST rate of 18% (9% CGST +...

Introduction When a taxpayer registers for Goods and Services Tax (GST), they are given a GSTIN number. GST registration suspension occurs when the central tax authority or the taxpayer wishes to cancel this number. In India, cancellations are handled by the tax officer. Busin...

Facts The petitioner is involved in the manufacturing, trading, and supply of sugar and related products. They have been importing raw sugar and processing it in their refineries to produce refined sugar, which is sold both in the domestic market and exported to foreign countr...

What is GST refund? GST refund is the process of claiming back the taxes paid on goods or services under the GST regime. GST refund can be claimed by taxpayers who have paid more tax than they are liable to pay, or who have paid tax on exports or supplies to SEZs, or who have...

Who are Risky Exporters? Under the Goods and Services Tax (GST) system, there is no specific category of “risky exporters.” However, there are certain exporters who may be considered at higher risk or subject to increased scrutiny due to various factors. These factors may incl...

Introduction: Under the Goods and Services Tax (GST) regime in India, a merchant exporter is an individual involved in trade, specializing in purchasing goods for export or with the intention to export them. They do not participate in any manufacturing activities. Instead, the...

Facts M/s Earthmark Traders exported the goods and filed the refund application under FORM RFD-01 on the account of exports. With regard to the said application, the proper officer made a visit to the premises of the appellant and upon inspection issued a memo with various all...

Introduction To file the GST returns in accordance with the requirements of the GST law, a person must be registered for GST. However, there may be some circumstances in which you receive an ASMT-10 GST return inspection notice. It gives you access to a notice that the departm...

Introduction Welcome to our complete guide on GST Refund for Export. In this article, we will explain everything you need to know about getting a refund on the Goods and Services Tax (GST) for exported goods. Whether you’re an exporter, importer, or simply curious about GST re...

GST Audit for FY 2023-24 GST audit is the process of verifying records, returns, and other associated documentation kept by GST-registered persons. The purpose of a GST audit is to verify the accuracy of the declared turnover, taxes paid, claimed refunds, and input tax credit...

Introduction When it comes to claiming GST refunds for your business, it is crucial to choose a reliable and efficient gst refund consultant. The right GST refund consultant can streamline the process, ensure compliance with tax regulations, and help you maximize your refund a...

Ensuring precise filing of Goods and Services Tax (GST) returns is vital in order to prevent unnecessary reconciliation and maintain compliance. It is important to acquaint oneself with common mistakes to avoid while filing GST returns. This article aims to give an introductio...

What are Deemed Exports? Deemed exports have been defined under section 2 (39) of the CGST Act as “Deemed exports” means such supplies of goods as may be notified under Section 147.” Whereas according to section 147 “The Government may, on the recommendations of the council, n...

The National Informatics Centre (“NIC”) has issued an update on 2 Factor Authentication will be made mandatory from July 15, 2023, for all taxpayers with AATO above 100cr. To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for lo...

Introduction of GTA Under GST GTA refers to “Goods Transport Agency” and it is defined as any person who provides services in relation to the transport of goods by road and issues a consignment note. Under the Goods and Services Tax (GST) regime in India, services provided by...

The revenue collected from the Goods & Services Tax (GST) in May 2023 witnessed a 12% annual increase, amounting to Rs 1.57 lakh crore. The Finance Ministry disclosed that the GST collection for April 2023 reached an all-time high of Rs 1.87 lakh crore. According to the mi...

Introduction Goods and Services Tax (GST) has revolutionized the way businesses operate in India. With the introduction of GST, the government has simplified the tax structure and made it more transparent. However, with every new system, there are bound to be some challenges....

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...

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...

According to a leading representative of a group of exporters, India’s exports of goods and services are projected to reach $900 billion in the current fiscal year, which is an increase from $770 billion in the previous year. Despite global challenges, India’s exports remain s...

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) ...