Facing GST Audit Notices? Here’s Your Checkpoints and Responses
Introduction: The Goods and Services Tax (GST) audit for the financial year 2017-18 introduced several complexities for businesses. One of the key aspects of this process is responding to notices from the GST department. In this blog, we’ll explore the types of notices that businesses may encounter during the GST audit for 2017-18, delve into […]
Advisory: Two-factor Authentication for Taxpayers
Dear Taxpayers, This Article is only a knowledge-sharing initiative and is based on the Relevant Provisions as applicable and as per the information existing at the time of the preparation. In no event RMPS & Co. or the Author or any other persons be liable for any direct and indirect result from this Article or […]
Gujarat and Puducherry to Pilot Biometric Aadhaar Authentication for GST Registration
“The GST Network innovates with biometric technology to streamline the registration process for taxpayers in two regions.” The introduction of biometric-based Aadhaar authentication for Goods and Services Tax (GST) registration marks a significant step towards modernizing the tax system in India. Gujarat and Puducherry are at the forefront of this change, being the first to […]
Special GST Appeal Procedure Announced by the Indian Government
Date: November 2, 2023 The Government of India has issued a significant notification regarding the Goods and Services Tax (GST) appeals process. This notification 53/2023–Central Tax, details a special procedure for taxpayers who missed the appeal filing deadline of March 31, 2023, for orders passed under sections 73 or 74 of the GST Act. Eligibility: […]
“Why Just Bills Aren’t Enough: A Deep Dive into the Court’s Tax Credit Verdict”
Recently in M/S Malik Traders Vs State of U.P., The Allahabad High Court gave an important decision about when and how a business can get a tax break, known as an input tax credit. Let’s break down what happened and what it means for businesses. The Story M/S Malik Traders got a notice saying they […]
“Unmasking GST Fraud: Schemes, Consequences, and Actions”
Introduction Goods and Services Tax (GST) was introduced in many countries to streamline the taxation system, reduce tax evasion, and boost economic growth. However, like any complex tax system, it has also given rise to a variety of fraudulent activities. GST fraud is a serious issue that not only affects governments’ revenue collection but also […]
Stay Informed: Kerala High Court’s Take on GST Portal Notices and Section 169
Background: In a recent case that has significant implications for taxpayers dealing with Goods and Services Tax (GST) in India, the Kerala High Court addressed a critical issue. Koduvayur Constructions, a company with GST registration, had its registration cancelled. They believed this meant they were no longer responsible for GST payments. However, the government sent […]
A Comprehensive Guide to Mandatory Monthly and Quarterly GST Check Points 📆
Introduction Goods and Services Tax (GST) is applicable in India from 1st July 2017. Under the new GST regime, nearly 1.4 crore businesses in India have obtained GST registration. All entities having GST registration are required to file GST returns every month. GST return filing is mandatory for all entities having GST registration, irrespective of […]
🚨 Important Updates: Restricting ITC up to Output Tax rate in case of Motor Cab Services💼
Key Amendments to Central Goods and Services Tax Rates – Notification No. 12/2023 The Indian Ministry of Finance has recently issued Notification No. 12/2023-Central Tax (Rate) on the 19th of October, 2023. This notification introduces significant amendments to a previous tax rate notification (No. 11/2017-Central Tax (Rate)) that was issued back in 2017. These amendments […]
Kerala High Court Slams Unfair Denial of ITC Based on GSTR-2A in Landmark Ruling
In a recent landmark judgment, the Kerala High Court has sent a strong message regarding the fairness and legality of denying Input Tax Credit (ITC) to taxpayers solely on the basis of discrepancies in GSTR-2A. The case, titled “Diya Agencies vs. State Tax Officer,“ has far-reaching implications for the taxation landscape in India, emphasizing the […]