Explain the time of supply under Indian GST

The time of supply of goods and services under GST is determined based on the date of issuance of invoice or payment, whichever is earlier. If the invoice is issued within the prescribed period, the supply is deemed to have taken place on the date of issuance of the invoice. If the invoice is not … Continue reading Explain the time of supply under Indian GST

What is OIDAR under GST?

In the contemporary realm, the proliferation of online media and services has achieved nothing short of the extraordinary. The world has borne witness to the remarkable prowess and seamless practicality of digital platforms, particularly during the lockdown, where sectors such as advertising, media, education, and gaming stood out with exponential growth. This surge has transcended … Continue reading What is OIDAR under GST?

Resolving Pending GST Disputes — A Call to Action

The Goods and Services Tax (GST), a cornerstone of India’s economic reform, aimed to streamline the nation’s indirect tax structure, fostering a unified marketplace for goods and services. Yet, its success hinges on an effective dispute resolution system, a crucial element for minimizing litigation costs while ensuring efficient dispute resolution. Disputes under GST often arise … Continue reading Resolving Pending GST Disputes — A Call to Action

Place of Supply of Goods Under Indian GST — Many Possibility

As we delve into the realm of taxation, the pivotal concept of Goods and Services Tax (GST) reveals itself as a destination-oriented levy / Tax. Within this framework, the notion of “Place of Supply” assumes paramount significance. But what exactly do we mean by the “Place of Supply”? Within the GST framework, the “Place of … Continue reading Place of Supply of Goods Under Indian GST — Many Possibility

GST Rate on Ethanol Reduced from 18% to 5% by Centre

The recent decision by the central government to slash the GST rate on ethanol from 18% to a mere 5% marks a pivotal step in driving the Ethanol Blended Petrol (EBP) Program. This strategic move was underlined by Rameswar Teli, the Minister of State for Petroleum and Natural Gas, in response to a parliamentary query. … Continue reading GST Rate on Ethanol Reduced from 18% to 5% by Centre

Arrests within the realm of GST enforcement still linger in a zone of uncertainty.

At the core of taxation lies the well-being of the populace. While indirect tax laws primarily aim at recovering revenue and imposing fines, they also grant the authorities the power to take stringent actions, including making arrests, against those who exploit the provisions of these laws. The ability to arrest an individual traces its origins … Continue reading Arrests within the realm of GST enforcement still linger in a zone of uncertainty.

Dual GST — A Discussion

The Dual GST Approach Crafting a destination-based Goods and Services Tax (GST) system presents intricate challenges in a country like India, where the authority to tax domestic trade is divided between the state and central governments. Implementing a conventional nationwide GST without undermining state autonomy is unfeasible. This dilemma is resolved through India’s adoption of … Continue reading Dual GST — A Discussion

What is the Dual GST Structure?

The Dual GST framework stands as a hallmark of India’s taxation system, celebrated for its straightforwardness and dual components. This tax model features two main types: the Central Goods and Services Tax (CGST) and the State Goods and Services Tax (SGST). Together, they create a balanced and efficient tax structure that aligns perfectly with India’s … Continue reading What is the Dual GST Structure?