The GST law is highly technical and intricate, especially concerning tax determination, penalties, and adjudication proceedings. Section 75 of CGST Act provides general provisions that apply to both cases of tax shortfall with and without fraud, while Sections 73 and 74 deal with cases of tax shortfall with and without
When the tax officer knocks, the law treats that knock differently depending on why they’re knocking. Two provisions i.e., Section 73 and Section 74 of CGST Act, may look similar on the surface: both deal with recovering tax that was not paid or was wrongly taken as ITC, or refunds given in error. But they operate
The most pertinent questions in the minds of business persons right now are regarding the MRP Revision After GST Rate Cut. Explore how GST 2.0 impacts Maximum Retail Price (MRP) revisions in India. Learn about DoCA guidelines, Legal Metrology compliance, consumer rights, pharma and e-commerce pricing rules, and how businesses
INTRODUCTION In a landmark move aimed at streamlining India’s indirect taxation system and boosting consumption, the GST Council has approved GST 2.0, a major overhaul of the Goods and Services Tax (GST) structure. Effective from September 22, 2025, the revamped regime introduces a simplified tax system, significantly lowering tax rates
When Tata Play Ltd. and a cluster of similarly placed assessees approached the Madras High Court, they were not merely contesting an executive delay they were questioning the boundaries of delegated legislative power of the GST regime. At the heart of the litigation laid two central tax notifications, namely Notification
Introduction The Goods and Service Tax (GST), introduced in 2017 in India, aims at structuring the indirect tax system by bringing multiple taxes under one umbrella. The Reverse Charge Mechanism (RCM) is a new concept, which puts the onus of liability to pay tax on the recipient (buyer), whereas in
J. P. Associates, a leading law firm in Intellectual Property Rights (IPR) and Indirect Taxation, has opened a new office in New Delhi. Now offering expert legal services in trademarks, patents, copyrights, designs, GST, and startup compliance to businesses, innovators, and entrepreneurs across Delhi-NCR.
INTRODUCTION: India’s GST compliance environment is undergoing a major upheaval as a result of two important amendments that will take effect on July 1, 2025. Initially, following auto-population, the GSTR-3B report will be locked, preventing manual modification of figures extracted from the Invoice Furnishing Facility or GSTR-1. The updated GSTR-1A form must
WHAT IS TARIFF? Countries frequently confront restrictions in terms of natural resources and production capacity, necessitating commerce with other countries to meet the needs and demands of their citizens. However, international trade is not always easy, as policies, geopolitical issues, and market competitiveness can all cause friction between trading partners. Tariffs
Explore the GST in India. Its types, registration, compliance, key statutes, and landmark judgments explained for professionals, students & businesses.
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