GST

Under the GST regime, businesses are expected to comply strictly with tax laws and meet their obligations in a timely manner. While the responsibility of tax compliance primarily lies with the company, directors of private companies are not completely shielded from liability. Section 89 of the CGST Act, 2017 outlines the personal liability of directors […]

When a company goes into liquidation, its financial and statutory obligations do not simply disappear. The GST Act, recognizing this, has specific provisions to protect the interests of the revenue department. One such critical provision is Section 88 of the CGST Act, 2017, which deals with the liability in case of a company in liquidation.

In the dynamic world of business, mergers and amalgamations are common strategies adopted by companies to consolidate their operations, expand market presence, or achieve financial synergies. While such corporate restructuring has its own benefits, it also comes with certain compliance requirements under the GST. Section 87 of the CGST Act, 2017, deals specifically with the

In the dynamic landscape of GST in India, it is vital for businesses to understand the legal relationships that affect their tax obligations. One such critical relationship is that of a principal and agent, governed under Section 86 of the CGST Act, 2017. This provision outlines the joint and several liability of the agent and

In the dynamic world of business, ownership transitions are common. Businesses may be transferred through sale, lease, gift, or other means. However, such transitions carry significant tax implications under the GST regime. Section 85 of the CGST Act, 2017 specifically addresses the liability to pay tax in case of transfer of business. It imposes a

The GST framework in India has significantly transformed the tax landscape, aiming to simplify compliance and enhance transparency. A critical aspect of this system is the mechanism for recovering tax dues. Section 84 of the CGST Act, 2017, plays a pivotal role in ensuring the continuity and validation of recovery proceedings, even when appeals or

The Central Goods and Services Tax (CGST) Act contains numerous provisions that empower authorities to safeguard government revenue during tax proceedings. One such powerful provision is Section 83, which deals with provisional attachment of property to protect the interest of the revenue. This measure is preventive in nature and is used sparingly due to its

In GST, ensuring timely and complete recovery of dues is critical for maintaining the financial health of the exchequer. One of the key provisions that safeguard the interest of the government in this regard is Section 82 of the CGST Act, 2017. This section establishes a statutory charge on the property of a taxable person

The GST regime in India has laid down stringent measures to ensure tax compliance and safeguard the interests of the Government. One such critical provision is Section 81 of the CGST Act, which deals with the transfer of property made with the intention of defrauding the Government revenue. This section is particularly important in situations

Timely payment of tax dues is a critical responsibility for every registered taxpayer under the GST regime. However, there may be genuine circumstances where a taxpayer is unable to pay the entire tax liability in a lump sum. Recognising such situations, Section 80 of the CGST Act, 2017, provides a mechanism to ease the burden