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Strengthening GST Compliance: An In-Depth Look at Special Drive 2.0 Against Fake Registrations  The Government of India has launched “GST Special Drive 2.0” as part of its continuous effort to enhance the integrity of the Goods and Services Tax (GST) system, particularly targeting the rising issue of fake GST registrations. The drive, initiated under the…

(A) TDS by Metal Scrap Recipients Introduction: Notification No.25/2024-Central Tax Dated: 09th October, 2024 amended Notification No. 50/2018-Central Tax, dated 13th September 2018, issued by the Ministry of Finance, to extend the scope of persons required to deduct TDS (Tax Deducted at Source) under Section 51 of the Central Goods and Services Tax (CGST) Act, 2017. This notification specifically includes registered persons receiving metal scrap supplies under…

The GST portal has undergone several significant updates recently, aiming to enhance user experience and streamline various functionalities. These updates, implemented from July to August 2024, address key areas such as GST registration, size of documents uploaded, refunds, e-invoicing, tax collection at source (TCS), and Aadhaar-based authentication. Below is a detailed overview of each update…

The Finance (No. 2) Bill 2024 introduced a significant amendment by incorporating Section 128A into the tax legislation. This provision aims to offer an amnesty by waiving interest and penalties in specific cases of tax proceedings under Section 73. The amendment targets the tax payable for the period from 1st July 2017 to 31st March 2020. This article delves into…

Understanding Blocked Credit in GST for Motor vehicles The Goods and Services Tax (GST) regime in India has specific provisions that restrict the availment of Input Tax Credit (ITC) on certain goods and services, commonly referred to as ‘Blocked Credit.’ One of the areas where ITC is often scrutinized is in the context of Motor vehicles. This…