Blogs

"India's evolving tax landscape finds its new rhythm in GST, seamlessly integrating 11 diverse taxes into a single system that mirrors the country's unity and innovation”

A Decade in the Making-The Road to GST: The journey to the implementation of the Goods and Services Tax (GST) in India has been nothing short of monumental. The idea of a nationwide GST in India was first proposed by the Kelkar Task Force on Indirect taxes in 2000 to releasing the First Discussion Paper in 2009...

The financial year 2024-25 saw yet another set of significant GST rulings, modifications in GST Act & Rules. Yet again, we see an impact on the interpretation of law and the manner of filing GST returns. Additionally, taxpayers are expected to ensure their vendor compliances alongside their own. This would require the implementation of strong internal controls, implementation of technology, introduction of an indirect tax SOP and regular training and update to the GST compliance... Read more

Introduction

Action of departmental audits ma impact the landscape of annual return filing. Considering the various changes in the GST law in the past year, this article aims to provide clarity on the filing of annual returns (Form GSTR 9) and reconciliation statement (Form GSTR 9C) along with required reconciliations, best practices, advanced issues & solutions and tips as applicable for financial year (FY) 2023-24.

Due date – 31^st December 2024. The due date is not expected to be...

Introduction

The ability to prefer an appeal in the litigation process is a given. Although there have been many instances where, due to the timing of presenting the appeal, it has been rejected due to time limitations. There have been few for and few against decisions by various high courts in GST. In this article, we deliberate on the applicability of time limitations under the GST law and take the readers through various judgements to arrive at a reasonable conclusion in this regard.... Read more