The 57th GST Council met on 8 October 2026 with no rate changes. Key moves: prosecution threshold raised to Rs 5 crore, arrest power removed, refund acknowledgement cut to 10 days, and wider ITC on insurance, telecom towers and free samples. Here is what applies now and what still needs notification.
GST Refund in India — Procedure, Timeline, Manner, and Relevant Provisions WE’RE HERE TO SERVE A blocked GST refund ties up cash that your business needs. We help you claim it correctly the first time — filing accurate applications, tracking them through the department, and following up until the money is in your account. Request...
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...
Navigating GST Disputes: Comparative Framework of GST Demand & Recovery Balancing Genuine Mistakes and Fraudulent Conduct under CGST Act, 2017 Goods and Services Tax (GST) has had a major impact across all sectors—trading, manufacturing, and services. Since its inception, GST has contributed to economic development, enhanced transparency in business transactions, enabled seamless input tax credit,...
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...