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GST Registration for Scrap Dealers Background Recent GST amendments have significantly changed the compliance framework applicable to scrap dealers. Earlier, businesses engaged exclusively in reverse charge supplies of metal scrap were generally exempt from GST registration under Notification No. 5/2017-Central Tax. However, with the implementation of Reverse Charge Mechanism (RCM) on various categories of scrap …
E-Invoicing Extended to RCM & Imported Services: What Does It Mean? One of the most significant compliance proposals of the 57th GST Council Meeting is the expansion of e-invoicing requirements to certain Reverse Charge Mechanism transactions and imported services for taxpayers having annual turnover of INR 5 crore or more. Current Position : At present, …
Supreme Court Settles the ITC Debate: Your Credit Now Depends on Your Supplier’s Tax Payment Few GST disputes are as frustrating as this one. A genuine business pays its vendor in full, GST included. Months later, it receives a demand notice and its working capital is blocked, because the vendor kept the tax and never …
GST RATE SCHEDULE for SCRAP, WASTE & RESIDUE PRODUCTS The GST rate on a supply of scrap, waste or residue is not uniform. It depends on the HSN classification of the specific material and the Schedule under which that HSN falls in the rate notification. Metal scrap, plastic waste and e-waste attract 18%; most agricultural, textile, paper …
Complete 2026 Guide on Reverse Charge Mechanism under GST As per 2026 updated RCM list & RCM rules, the Reverse Charge Mechanism (RCM) is a GST provision where the recipient of goods or services is liable to pay GST instead of the supplier. The legal basis for RCM is provided under Section 9(3) and 9(4) …
Common GST Return Mistakes That Can Trigger Scrutiny Notices, Audit or Demand Proceedings Businesses now operate in a highly data-driven GST compliance environment. GST authorities actively use data analytics, AI-based risk assessment, and return cross-verification to identify discrepancies. Consequently, even minor reporting errors can trigger scrutiny notices (ASMT-10), departmental audits, or tax demand proceedings. Share …
GST on Hotels & Restaurants – Are You Applying the Correct GST Rate? (Based on Notification No. 11/2017-Central Tax (Rate) as amended, effective from 22 September 2025) GST Rate Chart for Hotels, Restaurants & Catering Services Sr. No. Particulars of Service SAC Code GST Rate ITC Eligibility Key Condition A1 Hotel accommodation where room/unit value …
Top 10 Supreme Court Judgments under GST (since 2017) The GST regime has generated significant litigation since its introduction in July 2017. Several Supreme Court judgments have shaped the interpretation of the GST law, particularly in areas such as Input Tax Credit (ITC), refunds, imports, insolvency, registration cancellation, and compliance obligations. This article discusses the …
GST TDS vs GST TCS: Complete Guide for Businesses Many taxpayers, accountants, and business owners often confuse GST TDS (Tax Deducted at Source) with GST TCS (Tax Collected at Source) because both involve deduction or collection of tax at the source and subsequent deposit with the government. However, these provisions operate in entirely different scenarios …
FAQs on Mandatory Input service distributor Compliance under GST Who is required to obtain an Input service distributor registration? An office of a supplier that: Receives invoices for input services; Receives such services on behalf of one or more distinct persons (GST registrations under the same PAN); and Is required to distribute the related Input …