GST

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.

The CGST Act, 2017, is a cornerstone of India’s indirect tax system, ensuring transparency and compliance among registered taxpayers. One of the key mechanisms for verifying the accuracy of tax filings is outlined under Section 61: Scrutiny of Returns. This provision empowers the proper officer to assess the accuracy of returns submitted by registered persons.

Section 60 of the CGST Act, 2017, deals with Provisional Assessment. This provision is a crucial relief mechanism for taxpayers who are uncertain about the value of goods or services or the applicable rate of GST. Let’s break down the key aspects of this section to understand its purpose, conditions, and implications. What is Provisional

Section 59 of the CGST Act, 2017 lays the foundation of the GST compliance framework in India. It mandates that every registered person must self-assess the taxes payable and furnish a return for each tax period as outlined under Section 39 of the CGST Act. This provision, enforced with effect from 1st July 2017, marks

Section 58 of the relevant legislation outlines the utilisation of funds credited to the Consumer Welfare Fund. Enforced on 1st July 2017, this provision ensures that all sums allocated are used for the welfare of consumers in a structured and transparent manner. Let’s explore the key aspects of Section 58, its implications, and how it

The Consumer Welfare Fund (CWF) was introduced under the GST regime to ensure that benefits accrued from indirect taxes reach consumers. Governed by Section 57 of the CGST Act, 2017, the fund is utilized for consumer awareness and protection. What is Section 57 of the CGST Act, 2017? Section 57 mandates the formation of the

The GST law in India provides for a structured mechanism for the refund of excess tax paid by taxpayers. However, delays in refund processing can impact the working capital of businesses. To address this, Section 56 of the CGST Act prescribes interest on delayed refunds, ensuring timely disbursement to taxpayers. Interest on Delayed Refunds If

The GST regime in India allows businesses and individuals to claim refunds under specific conditions. Section 54 of the CGST Act, 2017, lays down the provisions regarding the refund of tax, interest, and other amounts paid under GST. Who Can Claim a Refund? Under Section 54, the following entities are eligible to claim refunds: Registered