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Title: GST Amnesty Schemes Extended: Relief for Non-Filers and Reporting Simplifications Continue Introduction In a significant move aimed at providing relief to taxpayers and simplifying compliance procedures, the GST Council has recommended the extension of several crucial amnesty schemes and relaxations. These measures, covering non-filers of certain returns, the revocation of registration…

Title: GST Amendments and Procedural Changes: Streamlining Compliance and Recovery Introduction The Goods and Services Tax (GST) regime in India is an ever-evolving framework that seeks to enhance tax compliance and streamline processes for both taxpayers and authorities. In this vein, several crucial amendments and procedural changes have been recommended by the GST Council in its 48th…

Title: Taxation Reforms: Online Gaming, Horse Racing, and Casinos to Join Schedule III Introduction The landscape of taxation in India is ever-evolving, adapting to the changing dynamics of the economy. In a move aimed at expanding the tax base and achieving uniformity, there have been proposals to amend the law and include online gaming and horse racing in Schedule III as taxable actionable…

Title: GST on Services Rendered by Company Directors: A Clarification on Reverse Charge Mechanism Introduction The Goods and Services Tax (GST) regime in India is a complex framework that seeks to tax the supply of goods and services across various sectors. Among the many intricacies of GST, the concept of Reverse Charge Mechanism (RCM) is vital, particularly when it comes to services provided…

Title: Streamlining GST Procedures for Exempted Small Suppliers via E-commerce Operators Introduction The Central Government, empowered by Section 148 of the Central Goods and Services Tax Act, 2017, has introduced a notification in harmony with the recommendations of the GST Council. This notification, set to take effect from October 1, 2023, outlines a specialized procedure to simplify the…

Simplified Tax Procedure for E-commerce Operators and Small Suppliers [ Composition Scheme] Introduction In a significant move to streamline tax procedures and promote ease of compliance, the Central Government, based on the recommendations of the GST Council, has issued a notification [Notification No.36/2023 – Dt: 4th August 2023] under Section 148 of the Central Goods and Services Tax Act,…

Exemption from GST Registration for Small E-commerce Sellers Introduction In a significant move aimed at simplifying tax compliance for small-scale e-commerce sellers, the Central Government has issued a notification based on recommendations from the GST Council. The notification, which comes into effect from October 1, 2023, specifies conditions under which certain individuals or businesses…

GST levy on Real Estate Sectors Goods and Service Tax: Apartment: As per RERA – An “ apartment” whether called block, chamber, dwelling unit, flat, office, showroom, shop, godown, premises, suit, tenement, unit or by any other name, means a separate and self-contained part of any immovable property, use such as residence, office, shop, showroom or godown or for carrying on any business,…