Understanding GST Scrutiny, Assessment, and Audit: A Practical Guide for Taxpayers When a GST notice arrives, most business owners feel confused before they feel worried. Scrutiny, assessment, audit, investigation—the GST framework uses all four terms, and they mean different things. Getting clear on the differences helps you respond correctly rather than escalate things by accident....

GST on Liquidated Damages: Compensation vs. Taxable Supply Under GST law, supply of any goods or services is liable to levy of tax unless there is any specific exemption. In this regard, section 7 of CGST Act, 2017 defines “supply” as a taxable event and every supply is liable to levy of GST unless the...

GST Implication on Transfer of Business as a Going Concern Under GST law, the transfer of business as a going concern is considered a supply of services and is liable to GST. However, vide Notification No. 12/2017 – Central Tax (Rate), an exemption is provided for “services by way of transfer of a going concern,...

GST Implication on supply of goods or services by foreign supplier occasionally in India (Concept of Non-Resident Taxable Person under GST Law) Under GST law, any person or business entity undertaking transactions involving supply of goods or services in India, is required to obtain GST registration and comply with GST regulations. In order to avoid...

GST Implication on Intermediary Services – Cross Border Transaction As per Section 2(13) of IGST Act, 2017, “Intermediary means a broker, an agent or any other person, by whatever name called, who arranges or facilitates the supply of goods or services or both, or securities, between two or more persons, but does not include a...