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Taxmann's GST Acts with Rules/Forms & Notifications [Finance (No. 2) Act 2024] – Annotated Text of GST Acts & Rules—CGST | IGST | UTGST & GST (Compensation to States) with Forms & Notifications

Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9364556844
Category : Law
Languages : en
Pages : 16

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Book Description
This book contains Amended, Updated & Annotated text of the following GST Acts, Rules & Notifications: • Central Goods & Services Tax (CGST) o Act o Rules as amended by the CGST (Second Amendment) Rules, 2024 o CGST Notifications o CGST (Rate) Notifications • Integrated Goods & Services Tax (IGST) o Act o Rules o IGST Notifications o IGST (Rate) Notifications • Union Territories Goods & Services Tax (UTGST) o Act o 5+ Rules • Goods & Services Tax (Compensation to States) o Act o Goods & Services Tax Compensation Cess Rules o Compensation Cess (Rate) Notifications • 5+ Other Rules • GST Forms with Action Points What sets it apart is the Annotation under each Section, which shows: • Relevant Rules framed under the relevant Section • Reference to Relevant Forms prescribed (with Action Points) • Date of enforcement of provisions • Reference to Relevant Notifications & Circulars • Allied Laws referred to in the Section The Present Publication is the 16th Edition, amended by the Finance (No. 2) Act, 2024 [enforced with effect from 27-9-2024 & 1-11-2024]. It covers Notifications (issued till 10-10-2024) and CGST (Second Amdt.) Rules, 2024 [dated 8-10-2024]. This book is edited by Taxmann's Editorial Board, with the following noteworthy features: • [Taxmann's series of Bestseller Books] on GST Laws • [Follows the Six-Sigma Approach] to achieve the benchmark of 'zero error' The contents of the book are as follows: • Specially curated Guide to GST Laws • List of Forms • Amended, Updated & Annotated Text [along with Subject Index & Validation Provisions] of the following: o Central Goods & Service Tax Act, 2017 [including CGST (Removal of Difficulties) Orders & Text of provisions of Allied Acts referred to in CGST Act] o Integrated Goods & Service Tax Act, 2017 o Union Territories Goods & Service Tax Act, 2017 o Goods & Services (Compensation to States) Act, 2017 • GST Rules and Forms o Central Goods & Service Tax Rules, 2017 o Integrated Goods & Service Tax Rules, 2017 o Goods and Services Tax Compensation Cess Rules, 2017 o Goods and Services Tax (Period of Levy and Collection of Cess) Rules, 2022 o Union Territories Goods & Service Tax Rules, 2017 § Union Territory Goods and Services Tax (Andaman and Nicobar Islands) Rules, 2017 § Union Territory Goods and Services Tax (Chandigarh) Rules, 2017 § Union Territory Goods and Services Tax (Dadra and Nagar Haveli) Rules, 2017 § Union Territory Goods and Services Tax (Daman and Diu) Rules, 2017 § Union Territory Goods and Services Tax (Lakshadweep) Rules, 2017 o Goods and Services Tax Settlement of Funds Rules, 2017 o Goods and Services Tax Appellate Tribunal (Appointment and Conditions of Service of President and Members) Rules, 2019 o National Anti-Profiteering Authority: Procedure and Methodology o Tribunal Reforms Act, 2021 o Conditions of Service of Chairperson and Members of Tribunals, Appellate Tribunals and other Authorities o Tribunal (Conditions of Service) Rules, 2021 o Goods and Services Tax Appellate Tribunal (Recruitment, Salary and other Terms and Conditions of Service of Group' C' Employees) Rules, 2024 • Relevant Notifications o CGST Notifications o IGST Notifications o CGST (Rate) Notifications o IGST (Rate) Notifications o Compensation Cess (Rate) Notifications o Central Excise (N.T.) Notifications

Taxmann's How to Deal with GST Show Cause Notices with Pleadings – Comprehensive Guidance Featuring—Checklists | Real-Life Pleadings | Strategic Advice | Data Analytics Insights

Author: A Jatin Christopher
Publisher: Taxmann Publications Private Limited
ISBN: 9364555813
Category : Law
Languages : en
Pages : 36

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Book Description
This book is a detailed and structured guide for effectively responding to GST show cause notices. It provides a practical approach to drafting replies, providing detailed checklists, visualisations, and over 50 real-life draft pleadings. It covers various types of notices, including system-generated and sequel notices, and offers strategic guidance to mitigate aggressive demands from tax authorities. By focusing on the clarity and practicality of legal provisions, the book helps readers understand the nuances of statutory interpretation and the impact of appellate and revisionary proceedings on GST cases. Additionally, the increasing role of data analytics in GST notices is discussed, along with strategies to expose inaccuracies and challenge unjustified demands. This book is helpful for taxpayers, tax professionals, and legal practitioners involved in GST litigation. It provides practical guidance on replying to GST show cause notices, drafting pleadings, and navigating appellate proceedings. The Present Publication is the 4th Edition and has been amended by the Finance (No. 2) Act 2024. It covers the recommendations of the 54th GST Council Meeting held on 9th September 2024 and is authored by A Jatin Christopher, with the following noteworthy features: • [Comprehensive Deliberation on GST Notices] The book explains different types of notices issued under GST, including system-generated and sequel notices. It emphasises the importance of understanding the legal framework behind these notices and provides readers with structured approaches to replying, focusing on accuracy and strategic intent • [Practical Tools for Drafting Responses] It includes practical checklists, flowcharts, and templated answers, providing tools to draft effective responses. These resources are derived from the author's litigation experience, presenting a clear and efficient roadmap for defending against unjust demands • [Draft Pleadings on Real-Life Issues] With over 50 real-life examples of draft pleadings, the book covers a wide range of scenarios, from pre-notice scrutiny to post-notice demands. These examples provide alternate responses, helping readers understand the stages of GST litigation more effectively • [Do's & Don'ts for Replying to Notices] The book provides extensive illustrations and hypothetical case studies that guide readers through best practices for replying to GST notices. Concepts like the burden of proof, admissibility of evidence, and strategic use of information are thoroughly analysed, helping readers avoid common pitfalls • [System-Generated Notices & Swift Responses] A dedicated chapter addresses system-generated notices on the GST Common Portal and explains the swift responses required to prevent aggressive action. The author highlights how taxpayers can adopt timely and strategic approaches to mitigate risks from these automated notices • [Jurisprudence and Statutory Interpretation] The book discusses the key jurisprudential principles, drawing parallels between tax law and contract law in terms of statutory interpretation. This section is valuable for readers who wish to understand the foundational legal concepts influencing GST litigation • [Remediation Measures under Sections 11A and 128A] The author analyses the key remediation measures under Sections 11A and 128A, including concepts such as 'accord' and 'forfeiture'. These are crucial for rectifying compliance errors and understanding how these provisions can resolve ongoing disputes • [Strategic Approach to Drafting Pleadings] The book emphasises the strategic importance of crafting pleadings that expose misstatements and inaccuracies in GST notices. Using illustrative examples, it demonstrates how to draft responses that protect the taxpayer's interests without prematurely revealing defences, ensuring a strong foundation for future litigation • [Expanded Guidance on Revisionary Proceedings] Essential analysis of revisionary proceedings explains how they can affect taxpayer interests. By understanding the exceptional jurisdiction in these cases, readers can refine their replies to notices, ensuring no unintended consequences • [The Role of Data Analytics in GST Notices] The book highlights the growing reliance on data analytics in issuing GST notices and how this information is often mistaken for facts. The author provides strategies for exposing flaws in data-driven notices, helping taxpayers challenge these demands more effectively • [Practical Impact of the Finance (No. 2) Act, 2024] The book examines the amendments introduced by the Finance (No. 2) Act, 2024, including the implications of Section 74A for notice issuance. It discusses how these changes affect taxpayers' rights and procedural safeguards The structure of the book is as follows: • Division One | Notices under GST – This section explains the statutory provisions governing GST notices, giving readers a clear understanding of how and why notices are issued, the role of appellate authorities, and the optimal strategies for replying • Division Two | Pleadings in GST – This section provides practical guidance on drafting pleadings, providing over 50 real-life examples of responses to GST notices. These drafts are applicable across various stages of litigation, from pre-notice inquiries to appellate hearings The chapter breakdown of the book is as follows: • Chapter 1 | Background o This chapter introduces the essential legal foundations of GST notices, including procedures, principles of natural justice, and the importance of evidence and due process in GST disputes. It also discusses the implications of GSTN data and vagueness in denial • Chapters 2 to 3 | Notices Under Sections 25, 29, and 63 o These chapters address notices issued under GST Sections 25, 29, and 63, focusing on the anatomy of these notices, limitations of scope, and options for taxpayers regarding suspension, cancellation, or provisional assessments. It also covers how to manage jurisdictional challenges and best judgment assessments • Chapters 4 to 6 | Notices Under Sections 73, 74, and 74A o These chapters outline notices under Sections 73, 74, and 74A, explaining the demand and recovery process, penalties, pre-notice consultations, and the specific conditions under each section. It also provides insights into the new limitations introduced by Section 74A • Chapters 7 to 10 | System-Generated Notices, Refunds, and E-Way Bills o These chapters discuss notices under Section 76, system-generated notices, notices related to refunds, and those concerning E-Way Bills. They cover procedural and compliance concerns, automated notices, and options for responding to discrepancies • Chapters 11 to 12 | Penalty and Confiscation Notices o These chapters explain the statutory and procedural aspects of penalty and confiscation notices, focusing on infraction definitions, personal penalties, seizure procedures, and relief options • Chapters 13 to 17 | Reply Preparation and Adjudication o These chapters outline how taxpayers should prepare replies to notices, scrutinise allegations, and engage with the adjudication process. Topics include personal hearings, cross-examinations, and remedies from adjudication orders. • Chapters 18 to 20 | Appeals and Relief in Appeal o These chapters address the appeal process, providing detailed steps on how appeals should be structured before Appellate Authorities and Tribunals. It also covers the limits of appellate powers and the scope of relief that can be sought • Chapters 21 to 24 | Tribunal Procedures and Jurisprudence o These chapters describe revisionary proceedings and tribunal procedures, including the scope of tribunal powers, the applicability of case law, and the precedents that govern GST-related disputes. • Chapters 25 to 27 | Pleadings for Replies, Departmental Engagement, and Appeal Memo o These chapters cover various pleadings, from responding to notices, engaging with departmental authorities and drafting appeal memos. They include examples of common issues like mismatches in GSTR filings and RCM liabilities

Taxmann's GST Mini Ready Reckoner – Simplifying GST for Both Beginners and Professionals with—Comprehensive Coverage | Practical Tools | Step-by-step Guidance

Author: CA Akhil Singla
Publisher: Taxmann Publications Private Limited
ISBN: 9364557352
Category : Law
Languages : en
Pages : 26

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Book Description
This book serves as a concise and comprehensive guide that simplifies the complexities of Goods and Services Tax (GST) for newcomers and seasoned professionals. It offers a step-by-step approach to understanding the GST framework, covering essential topics such as tax levy and collection, input tax credit, registration, compliance, and procedural tasks like filing returns and managing e-way bills. By incorporating practical tools like examples, FAQs, flow charts, and diagrams, the book makes even the most complex concepts easy to grasp. It is designed to provide a clear and straightforward pathway through GST laws; it equips readers with the knowledge and practical skills to navigate GST confidently, whether for personal learning or professional use. This guide is beneficial for beginners, students, and professionals who seek to understand GST concepts in a simplified and accessible manner. The Present Publication is the 5th Edition and has been amended by the Finance (No. 2) Act, 2024. It covers the recommendations of the 54th GST Council Meeting held on 09-09-2024 and is authored by CA. Akhil Singla and Adv. Pavan Kumar Gaur, with the following noteworthy features: • [Comprehensive Coverage] The book provides in-depth coverage of all key aspects of GST, including levy and collection, input tax credit, registration, compliance, returns, payment procedures, and e-way bills • [Simplified Explanations] Uses clear and simple language to break down complex GST concepts, making them accessible to all readers, including those with no prior knowledge of tax laws • [Practical Tools] Enriched with practical examples, FAQs, flow charts, diagrams, and compliance calendars that aid in understanding and applying GST provisions effectively • [Step-by-Step Guidance] Offers a structured approach, guiding readers through the entire GST mechanism from the basics of supply to advanced compliance processes and penalties • [User-Friendly Format] Designed as a handy reference guide, the book is organised into concise, easy-to-navigate sections, allowing readers to find and refer to specific topics quickly • [Focus on Compliance] Provides detailed insights into compliance requirements, including filing deadlines, registration criteria, payment rules, and procedures for claiming refunds • [Visual Aids for Better Understanding] Incorporates visual aids like flow charts and diagrams, which help readers visualise processes and improve retention of complex information • [Chapter-Wise Breakdown] The book is organised into chapter-specific topics that discuss detailed aspects such as the nature of supply, time and value of supply, offences and penalties, and the composition scheme, making it an all-in-one guide The structure of the book is as follows: • GST Compliance Calendar for the Financial Year 2024-25 o Key compliance dates and deadlines • Amendments in GST o Changes introduced through the Finance (No. 2) Act, 2024 • GST Amnesty Scheme 2023 o Details of the amnesty scheme and its implications • Compliance Related Relief Measures o Recent relief measures to ease compliance burdens • Chapter 1 – Levy and Collection on Supply o Introduction to GST levy and collection o Detailed sections on reverse charge mechanisms for goods and services o Scope of supply and related schedules under the CGST Act • Chapter 2 – Nature of Supply o Importance of determining the nature of supply o Guidelines for inter-state, intra-state, and territorial waters supply • Chapter 3 – Time and Value of Supply o Time of supply for goods, services, and vouchers o Determination of taxable value and relevant rules • Chapter 4 – Input Tax Credit (ITC) o Definitions, eligibility, and conditions for claiming ITC o Provisions for ITC in special circumstances and distribution by Input Service Distributor • Chapter 5 – GST Registration & Types of Taxpayers o Who needs to register, exemptions, and types of taxpayers o Processes for GST registration, cancellation, and revocation • Chapter 6 – Composition Scheme under GST o Eligibility, tax rates, and conditions for the composition scheme o Differences between regular taxpayers and composition dealers • Chapter 7 – Tax Invoice, Credit & Debit Notes o Definitions and requirements for tax invoices, credit notes, and debit notes o Specifics on export invoices and e-invoice systems • Chapter 8 – E-Way Bill o Overview and provisions of the e-way bill system o Benefits and compliance requirements • Chapter 9 – Accounts & Records o Requirements and methods for maintaining accounts and records under GST o Retention periods and governing provisions • Chapter 10 – GST Returns o Definition, types, and filing requirements for GST returns o Benefits, due dates, and penalties for late filing • Chapter 11 – Payment of Tax & Other Dues o Guidelines for payment of tax, interest, and penalties o Use of electronic liability, credit, and cash ledgers • Chapter 12 – Zero Rated Supply & Refund o Understanding zero-rated supplies and eligibility for refunds o Step-by-step process for claiming refunds • Chapter 13 – Assessment and Audit o Types of assessments under GST and their procedures o Overview of GST audit types and requirements • Chapter 14 – Offences & Penalties o List of offences under GST and corresponding penalties o Rules and disciplines related to penalties • Chapter 15 – Demands & Recovery o Determination of tax liabilities in both fraud and non-fraud cases o Recovery proceedings and related provisions

Taxmann's GST Acts with Rules/Forms & Notifications [Finance (No. 2) Act 2024] – Annotated Text of GST Acts & Rules—CGST | IGST | UTGST & GST (Compensation to States) with Forms & Notifications

Author: Taxmann
Publisher: Taxmann Publications Private Limited
ISBN: 9364556844
Category : Law
Languages : en
Pages : 16

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Taxmann's GST Audit & Annual Return | Explanation is in complete sync with the current features available at GST Common Portal | 8th Edition | 2021 | F.Y 2019-20

Author: Aditya Singhania
Publisher: Taxmann Publications Private Limited
ISBN: 9390585813
Category : Law
Languages : en
Pages : 24

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Book Description
Taxmann’s GST Audit and Annual Return – F.Y. 2019-20’ caters to handle the preparation and filing of GSTR 9, GSTR 9A/4 and GSTR 9C for FY 2019-20 which is currently supposed to be filed till 28th February 2021. This book serves as a ready referencer for all the professionals like CA and their Articles, CS, CWA, Advocates, etc. in handling audit and annual return assignments. The Present Publication is the 8th Edition, incorporating all amendments and updated till 24th January 2021, authored by Aditya Singhania, with the following noteworthy features: • The book has been divided into 3 Divisions namely 𝚘 Division 1: GSTR 9, 𝚘 Division 2: GSTR 9A, and 𝚘 Division 3: GSTR 9C • [Division based on Forms] The Chapters in each division has been divided based on the said forms i.e. each Part of the forms has been dealt with in separate Chapters, therefore, making it easy for the professional to quickly refer the relevant part for better insight • [Clause-wise/Table-wise Format of Presentation] Exhaustive tables with clear cross reference between GSTR 1, GSTR 3B, GSTR 4 vis-à-vis GSTR 9 and GSTR 9A has been made for easy pick-up of the data for furnishing return • Clarifications issued from time to time has been incorporated in the relevant table to track the changes that has taken place from time to time • This book includes explanation of law and a commentary in each Chapter along-with relevant case laws in order to ascertain the impact in annual returns and audit for FY 2019-20 • [Explanation using practical examples] Since this is the 3rd year for which GSTR 9 and GSTR 9C needs to be furnished, therefore, there are several transactions whose impacts run across FY 2018-19 and FY 2019-20 for which a separate Chapter has been incorporated • [Quick Referencer of Sections, Rules & Forms] The unique portion of the book is ‘Quick Referencer for FY 2019-20’ which will help the professionals in cross referencing sections-rules-forms, ascertaining all the key changes like: 𝚘 Applicability of changes taken place through Finance Act 2019 & Finance Act, 2020 𝚘 Notifications issued during FY 2019-20 𝚘 Circulars issued till FY 2019-20, along-with relevant annexures • Also Available: 𝚘 [4th Edition] of Taxmann’s GST Practice Manual – Day to Day Practice Guide for Professionals • The contents of the book are as follows: • Division One – GST Annual Returns (GSTR-9) for Normal Taxpayers 𝚘 GST Annual Return – GSTR 9 𝚘 Part 1 of GSTR-9 [Basic Details] 𝚘 Part 2 of GSTR-9 [Details of outward and inward supplies made during the financial year] 𝚘 Part 3 of GSTR-9 [ Details of ITC for the financial year] 𝚘 Part 4 of GSTR-9 [Details of tax paid as declared in returns filed during the financial year] 𝚘 Part 5 of GSTR-9 [Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to 𝚘 date of filing of annual return of previous FY, whichever is earlier] 𝚘 Part 6 of GSTR-9 [Other Information] • Division Two – GST Annual Returns (GSTR-9A) for Composition Taxpayers 𝚘 GSTR-9A [GST Annual Return for Composition Supplier] • Division Three – GST Audit (GSTR-9C) 𝚘 GST Audit Report [GSTR-9C] 𝚘 Part A: Part I of GSTR-9C [Basic Details] 𝚘 Part A: Part II of GSTR-9C [Reconciliation of turnover declared in audited Annual Financial Statement with turnover declared in Annual Return (GSTR-9)] 𝚘 Part A: Part III of GSTR-9C [Reconciliation of Tax Paid] 𝚘 Part A: Part IV of GSTR-9C [Reconciliation of Input Tax Credit] 𝚘 Part A: Part V of GSTR-9C [Auditor’s recommendation on additional liability due to non-reconciliation] 𝚘 Part B of GSTR-9C [Certification] 𝚘 Spill over Effects

Taxmann's GST Ready Reckoner [Finance (No. 2) Act 2024] – Comprehensive Guidance on all GST Provisions—Organised into 55 Chapters with Case Laws & User-friendly Layout for Quick Reference

Author: V.S. Datey
Publisher: Taxmann Publications Private Limited
ISBN: 9364554566
Category : Law
Languages : en
Pages : 22

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Book Description
Taxmann's 'GST Ready Reckoner' is a widely acclaimed, comprehensive guide that provides a thorough and systematic understanding of all aspects of GST laws in India. The book is meticulously organised into 55 chapters, providing precise and detailed explanations on essential topics such as supply, valuation, input tax credit, sector-specific provisions, and procedural aspects, supported by relevant case laws, notifications, and circulars. As part of Taxmann's renowned series of bestsellers on GST laws, this ready reckoner emphasises accuracy and reliability, adhering to a Six Sigma approach to achieve 'zero error.' This makes it helpful for professionals, legal advisors, businesses, and tax officers who require up-to-date, precise information on GST. The user-friendly structure and comprehensive coverage ensure that complex GST provisions are distilled into accessible, practical insights, facilitating effective understanding and application of the law. The Present Publication is the 24th Edition | September 2024 and has been amended by the Finance (No. 2) Act, 2024. It covers the recommendations of the 54th GST Council Meeting held on 09-09-2024 and is authored by Mr V.S. Datey, with the following noteworthy features: • [Comprehensive Coverage Across 55 Chapters] The book discusses all essential provisions of the GST framework, systematically divided into 55 chapters. It covers foundational concepts and extends to specific and advanced topics, including: o Foundational Topics – Introduction to GST, its various components (IGST, CGST, SGST, UTGST), and the core taxable events o Detailed Analysis of Supply – Covers supply of goods and services, classification, valuation rules, and special scenarios when the value for GST is not ascertainable o Input Tax Credit (ITC) – Thorough guidance on ITC eligibility, distribution, conditions, and issues, including specific chapters on handling ITC when both exempted and taxable supplies are made o Sector-Specific Provisions – Detailed chapters on real estate (including TDR/FSI), distributive trade, passenger and goods transport, financial services, leasing, software, telecommunication, and other business services o Procedural Aspects – Comprehensive sections on registration, invoicing, e-way bills, tax payments, filing returns, and compliance with audit and assessment procedures o Legal Framework – Extensive coverage of legal provisions regarding appeals, offences, penalties, prosecution, and compounding, along with practical guidance on handling these aspects o Special Topics and Updates – Includes additional chapters on e-commerce, GST compensation cess, transitory provisions, and a detailed constitutional background of GST • [Bestseller Recognition] As part of Taxmann's highly trusted and bestselling series on GST laws, the 'GST Ready Reckoner' has established itself as a go-to resource for indirect tax professionals, earning a reputation for accuracy, reliability, and comprehensive coverage • [Six-Sigma Approach] Adhering to the Six-Sigma quality standard, the book aims to achieve 'zero error' in content, ensuring that users can rely on the accuracy of the information provided. This benchmark of excellence underlines the book's commitment to delivering a flawless reference experience • [Practical Utility and Easy Reference] Featuring a user-friendly layout with clear headings, tables, and summaries, the 'GST Ready Reckoner' is structured to provide quick answers and practical guidance on day-to-day GST queries. Its clear presentation and logical arrangement of topics make it helpful to locate precise and actionable information • [Sector-Specific Guidance and Unique Insights] Special attention is given to unique provisions like TDR/FSI in real estate, works contract services, financial and related services, and the treatment of goods and passenger transport. This detailed focus allows users to gain a nuanced understanding of how GST applies across different sectors