GST

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 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 is one of the core obligations of any taxpayer under the GST regime. But what happens when a registered person fails to pay the tax dues? Section 79 of the CGST Act, 2017 provides a comprehensive framework for the recovery of unpaid tax, interest, penalty, or any other amount due to

Under the GST regime, Section 76 of the CGST Act plays a crucial role in ensuring accountability among registered taxpayers. This section addresses situations where any person collects tax from others but fails to remit it to the Government. Whether the underlying supply is taxable or not, the obligation to pay the collected amount to

The GST law in India empowers tax authorities with significant enforcement mechanisms to combat tax evasion and ensure compliance. One such provision is Section 69 of the CGST Act, 2017, which grants the Commissioner the authority to arrest individuals involved in serious tax offences. This section must be read in conjunction with Section 132 of

In the dynamic landscape of GST in India, Section 68 of the CGST Act plays a pivotal role in ensuring transparency, compliance, and effective monitoring of goods in transit. Introduced as part of the GST framework, this section lays down specific obligations for transporters and empowers authorities to inspect goods during movement. Enforced from 1st

The GST regime has brought about comprehensive reforms in the indirect taxation system in India. To ensure transparency, compliance, and protection of revenue, the law empowers GST authorities with various tools. One such powerful mechanism is Section 66 – Special Audit, which is invoked in specific circumstances to scrutinize a taxpayer’s records in greater depth.

The GST law aims to streamline tax administration, improve compliance, and safeguard government revenue. One of the key provisions designed to protect revenue interests is Section 64 of the CGST Act, 2017, which deals with “Summary Assessment in Certain Special Cases.” This section grants powers to tax authorities to swiftly assess and recover tax dues

Introduced as part of the CGST Act, 2017, Section 63 deals with the assessment of unregistered persons who are liable to pay tax under GST but have either failed to obtain registration or whose registration has been cancelled. This provision plays a critical role in ensuring compliance and bringing such defaulters into the tax net.

The GST regime in India emphasizes compliance and timely filing of returns by registered taxpayers. However, there may be instances where a registered person fails to furnish returns, despite being issued a notice. To address such non-compliance, Section 62 of the CGST Act, 2017 empowers the tax authorities to conduct best judgment assessments for non-filers.