GST

  • Navigating the “Intermediary” Maze: A Landmark Win for Indian Subsidiaries

    The thin line between being an “exporter of services” and an “intermediary” has long been a source of friction between Indian businesses and tax authorities. For many wholly owned subsidiaries of foreign companies, this distinction is not just semantic—it is a million-dollar question involving the eligibility for Goods and Services Tax (GST) refunds.A recent judgment

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  • Overview of GST – TDS Provisions

    As per section 51 of CGST Act, 2017, GST TDS provisions are applicable for the following persons. a. A department or establishment of the Central or State Government, or b. Local authority, or c. Government Agencies, or d. Such persons are category of persons as may be notified, by the Central or a State Government

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  • ITC can’t be denied merely because registration of supplier was cancelled with retrospective effect: Calcutta HC

    Where petitioner’s claim for input tax credit was rejected due to supplier’s fraudulent activity, since petitioner had paid amount of purchased articles as well as tax on same through bank and not in cash and without proper verification, it could not be said that there was any failure on the part of petitioner, order rejecting

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  • Checklist of Items to keep in mind while filing GST returns

    Filing GST returns is a mandatory requirement for all registered businesses under the GST Act. GST returns are documents that contain the details of all sales and purchases of goods and services, as well as the tax collected and paid by the taxpayers. Depending on the type and turnover of the business, different types of

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  • GST Council 49th Meeting Outcomes

    49th GST Council meeting was held on 18th February 2023, the key outcomes affecting the industry are as below: Changes in GST rates of Goods and Services Measures to facilitate trade:

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