29 Jul 2025 06:29 PM
New

Section 74 GST Notices For Small Value Demands Beyond Section 73 Limitation

Source: https://taxguru.in/goods-and-service-tax/section-74-gst-notices-small-demands-section-73-limitation.html

The Karnataka State Chartered Accountants Association (KSCAA) has submitted a representation to the Union Minister of Finance concerning the issuance of notices under Section 74 of the CGST Act, 2017. The KSCAA highlights that these notices, which are intended for cases involving fraud, wilful misstatement, or suppression of facts, are frequently being issued for minor monetary demands or clerical discrepancies, especially after the limitation period for Section 73 notices has expired.

29 Jul 2025 05:46 PM
New

Enable ITC Reclaim Where Tax Is Paid/Reclaimed Outside GSTR-3B Framework: KSCAA

Source: https://taxguru.in/goods-and-service-tax/enable-itc-reclaim-tax-paid-reclaimed-gstr-3b-framework-kscaa.html

The Karnataka State Chartered Accountants Association (KSCAA) has submitted a representation to the Union Minister of Finance regarding challenges with Rule 37A of the GST Rules. The core issue highlighted is the inability of recipients to reclaim Input Tax Credit (ITC) when their suppliers default on tax payments, even if the tax is subsequently paid by the supplier through DRC-03 or recovered by tax authorities, rather than through the GSTR-3B framework. This creates an unjust situation where compliant taxpayers are denied credit despite the government ultimately receiving the tax amount.

29 Jul 2025 06:12 PM
New

Representation on Issues Faced By GST payers With Respect To IMS

Source: https://taxguru.in/goods-and-service-tax/representation-issues-faced-gst-payers-respect-ims.html

The Karnataka State Chartered Accountants Association (KSCAA) has submitted a representation to the Chairman of the Central Board of Indirect Taxes & Customs, Shri Sanjay Kumar Agarwal, detailing various issues faced by taxpayers with the Invoice Management System (IMS) under GST. While acknowledging the government’s efforts in digital compliance, KSCAA highlights several practical implementation challenges impacting simplicity, equity, and efficiency.

28 Jul 2025 06:22 PM

‘No plan for GST on UPI transactions exceeding ₹2,000’, says MoS Finance in Rajya Sabha. What we know…

Source: https://www.livemint.com/economy/no-plan-for-gst-on-upi-transactions-exceeding-rs-2-000-says-mos-finance-in-rajya-sabha-what-we-know-11753603794336.html

GST on UPI transactions? No, the Finance Ministry does not intend to charge GST on UPI transactions over ₹2,000, Minister of State for Finance Pankaj Chaudhary has clarified to the Rajya Sabha. What he said during the Monsoon session of Parliament…

28 Jul 2025 06:26 PM

Freelancing with foreign clients? Know Schedule FA and FIS compliance rules

Source: https://www.livemint.com/money/personal-finance/freelancing-with-foreign-clients-know-schedule-fa-and-fis-compliance-rules-11753679381162.html

Income earned by freelancers from foreign clients—whether through contracts, content creation, or platforms like YouTube and X (formerly Twitter)—is fully taxable in India. But the bigger concern is proper reporting in your Income Tax Return (ITR).

26 Jul 2025 05:38 PM

GST – Journey, Challenges & Road Ahead

Source: https://taxguru.in/goods-and-service-tax/live-webinar-gst-journey-far-present-challenges-road.html

Live Webinar: GST – Journey, Challenges & Road Ahead by 3 Eminent Speakers

24 Jul 2025 06:09 PM

‘Old tax arrears won't be taken if…’: Siddaramaiah on UPI-linked GST notices to small traders

Source: https://www.livemint.com/news/karnataka-siddaramaiah-clarifies-gst-notices-linked-to-upi-payments-old-tax-arrears-wont-be-taken-if-11753275749975.html

Siddaramaiah said the old tax arrears, linked to the UPI payments, ‘will not be pursued, provided all such traders register under the GST and begin paying GST moving forward.’

23 Jul 2025 06:21 PM

Wait, What! Vegetable trader gets ₹29 lakh GST notice in Haveri, Karnataka

Source: https://www.livemint.com/news/india/wait-what-vegetable-trader-gets-rs-29-lakh-gst-notice-in-haveri-karnataka-11753265030186.html

Shankar Gowda Hadimani, a vegetable vendor in Karnataka, received a ₹29 lakh GST notice. He claims that he isn't registered for GST as no rules apply to his business.

23 Jul 2025 06:17 PM

No GST loss to Goa from out-of-state corporate billing: CM Sawant

Source: https://www.livemint.com/focus/no-gst-loss-to-goa-from-out-of-state-corporate-billing-cm-sawant-11753241309736.html

Panaji, Jul 23 (PTI) Chief Minister Pramod Sawant has said Goa has not incurred any loss in the Goods and Services Tax (GST) revenue due to companies routing their sales and billing through corporate offices located outside the state.

22 Jul 2025 06:34 PM

Supreme Court to examine service tax on Reliance charter flights for executives

Source: https://www.livemint.com/companies/reliance-industries-charter-flights-tax-case-rcdl-service-tax-dispute-supreme-court-charter-flight-taxation-11753179288645.html

The tax department argued that Reliance Commercial Dealers Ltd is effectively renting aircraft to Reliance, which should attract higher taxes like equipment rentals.