Analysis of Judgement given by Gujarat High Court in the case of VKC Footsteps India Pvt Ltd vs. Union of India
Posted Date : 10-Aug-2020 , 12:50:42 pm | Posted By
Shankit Sharma
Analysis of the Landmark Judgment Passed by the Hon’ble Gujarat High Court in the case of VKC Footsteps India Pvt Ltd vs. Union of India & Others dated 24.07.2020 Background & Provisions of the GST Law In GST, Refund of Unutilised Input Tax Credit is dealt with in Section 54(3) of...
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Category : GST |
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Time Of Supply under RCM in GST With Practical Point
Posted Date : 26-Jun-2020 , 09:37:30 pm | Posted By
CA Sandeeprawat
Time Of Supply under RCM in GST With Practical Point Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability may be cast on the recipient under the reverse charge mechanism. Reverse charge means the...
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Category : GST |
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Documents required for the GST Registration
Posted Date : 13-Jun-2020 , 06:45:00 pm | Posted By
CA. Ajay Agrawal
(Please STRICTLY follow the Guidelines of Dept for size of the files )
Documents for Proprietor / Each Partner / Each Director -
1) PAN Card copy
2) Aadhaar Card copy
3) Mobile number and email id
4) Photo ( in JPG Format Only - max size 100 kb)
5) Place of Business - Detailed Address wi...
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Category : GST |
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GST on Director’s Services - An Instigating Litigation with multiple Absurdity
Posted Date : 05-Jun-2020 , 03:14:42 pm | Posted By
Neelam Yadav
GST on Director’s Services - An Instigating Litigation with multiple Absurdity
General Background:
1.1 The legislature seems to have been marred by numerous interpretation and cause unintended disputes between tax payers and tax authorities. The corporates are still trying to...
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Category : GST |
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The New Composition Scheme
Posted Date : 04-May-2020 , 02:40:25 pm | Posted By
CA (CS) Ujjwal Jindal
CA (CS) Ujjwal Jindal
Since its introduction, GST has been into controversies. Many people found it unreasonable and for others it was just a new tax regime which was introduced in a hurry. The government kept on moving with the newly introduced tax system keeping the public along, listening to th...
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Category : GST |
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CBIC have notified 21st April 2020 as the appointed date from which rule 87(13) shall come into effect.
Posted Date : 29-Apr-2020 , 09:54:55 pm | Posted By
Mansi Vohra
CBIC have notified 21st April 2020 as the appointed date from which rule 87(13) shall come into effect. Form GST PMT-09 is now available on GST portal and it enables a taxpayer to make intra-head or inter-head transfer of amount available in Electronic Cash Ledger. A taxpayer can file GST PMT...
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Category : GST |
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SEARCH AND INSPECTION UNDER GST
Posted Date : 14-Feb-2020 , 06:36:09 pm | Posted By
CA. PIYUSH KAPOOR
Meaning under GST ACT ‘Search’ involves an attempt to find something. Search, in tax/legal parlance, is an action of a government official (a tax officer or a police officer, depending on the case) to go and look through or examine carefully a place, person, object etc. in order to...
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Category : GST |
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ITC on CSR activities under GST
Posted Date : 09-Feb-2020 , 03:10:01 pm | Posted By
Anshul Medatwal
ITC on Corporate Social Responsibility Some Important Definitions:
Goods means every kind of movable property other than money and securities but includes actionable claim, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before s...
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Category : GST |
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GST – Glance of game changers in the year 2019
Posted Date : 14-Jan-2020 , 09:02:39 pm | Posted By
CA Prabhava Hegde
Goods and Service Tax is the best step in India’s indirect tax reforms. GST is a path breaking indirect tax regime which creates a national common market. GST was implemented not only to get rid of fallacies of the then indirect tax models but also to improve tax compliances and check black ma...
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Category : GST |
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Six things must To Do in Sept-19 for every GST registered person
Posted Date : 24-Sep-2019 , 11:07:52 pm | Posted By
Sagar
“Six things must To Do” in Sept-19 for every GST registered person!! 20th October, 2019 is approaching soon & every person registered under GST must be aware that 20th October, 2019 is the due date for availing ITC for FY 2018-19. The extract of the section 16(4) of CGST Act, 2017 i...
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Category : GST |
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Clarification regarding Annual Returns and Reconciliation Statement
Posted Date : 04-Jul-2019 , 02:25:02 pm | Posted By
Mansi Vohra
Clarification regarding Annual Returns and Reconciliation Statement
The Government of India has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C). In this regard the following clarifications are issued for inf...
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Category : GST |
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GSTR - 9C DECODED IN KRISHNA UPDESH TO ARJUN IN MAHABHARAT GEETA MODE
Posted Date : 21-Jun-2019 , 01:00:47 pm | Posted By
CS Piyush Jain
Arjuna (Fictional Character): Krishna, When is GST Audit applicable?
Krishna(Fictional Character): Arjuna, GST Audit for FY 2017-18 is applicable to every registered person whose aggregate turnover during a financial year exceeds Rs. 2 Crores. The copy of audited annual accounts and a reconciliatio...
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Category : GST |
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GST AUDIT CHECKLIST
Posted Date : 12-Jun-2019 , 11:49:32 am | Posted By
Rubneet Anand
GST AUDIT CHECKLIST To help in conducting GST audit and in order to facilitate a clause by clause analysis of Form GSTR-9C by members and other stakeholder, GST & Indirect Taxes Committee of ICAI has brought out the Technical Guide on GST Audit. Since GST Audit is the last activity to be done b...
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Category : GST |
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Clarifications on filing of Annual Return-Form GSTR-9
Posted Date : 07-Jun-2019 , 05:04:45 pm | Posted By
Rinki
Sr. No.
Issue addressed
Details
1
Auto-Population of Form GSTR-9 from GSTR-2A
Terminology:- GSTR-2A:_Details of auto drafted supplies GSTR-9: Annual Return Clarification:- Information contained in GSTR-2A(table 3 & 5) as on 01.05.2019 shall be auto-populated in Table 8A of ...
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Category : GST |
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Queries on GSTR 9 Annual Return of GST
Posted Date : 07-Jun-2019 , 10:30:46 am | Posted By
Sagar
Solution to GSTR 9 Queries (GST Annual Return)
v Annual Return Form?
Form GSTR 9
v Filing by whom?
Every Registered Person
v Turnover Criteria for GSTR 9?
To be filed irrespective of Turnover in FY 2017-18
v Form to be filed PAN or GSTN ...
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Category : GST |
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SEARCH AND INSPECTION UNDER GST
Posted Date : 08-May-2019 , 06:13:09 pm | Posted By
CA. PIYUSH KAPOOR
Meaning under GST ACT ‘Search’ involves an attempt to find something. Search, in tax/legal parlance, is an action of a government official (a tax officer or a police officer, depending on the case) to go and look through or examine carefully a place, person, object etc. in order t...
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Category : GST |
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Goods Transport Agency in GST
Posted Date : 08-May-2019 , 06:01:01 pm | Posted By
Anuj Khaitan
GOODS TRANSPORT AGENCY IN GST A) Definition As per Notification-12/2017, Clause no-ze, Dt-28.06.17 (Central Tax Rate) a GTA is any person who provides service in relation to transportation of goods by road and issues a consignment note by whatever name called. Thus, it can be seen that issuance of...
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Category : GST |
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GST Impact on Transfer of Business conversion of Pvt Ltd to LLP
Posted Date : 23-Mar-2019 , 06:07:43 pm | Posted By
Vijaykumar
GST Impact Transfer of Business conversion of Pvt Ltd to LLP Company Act, 2013 or LLP Act, 2008 allows companies or LLP or Partnership Firms to change their constitution or convert them i.e. from Private limited to LLP or any other combination. In such a situation, it’s very impo...
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Category : GST |
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GST COUNCIL 31 ST MEETING IN BRIEF
Posted Date : 06-Jan-2019 , 11:27:24 am | Posted By
CHETAN CHHABRA
GST, Excise, Service Tax, Customs & VAT updates for December 2018 The GST Council (‘Council’) convened its 31st Meeting on December 22, 2018 after a gap of almost 3 months. The council has proposed reduction of tax rates for serval items, legislative amendments and other chan...
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Category : GST |
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List of Goods and Services which are not Eligible for Input Tax Credit under GST
Posted Date : 22-Dec-2018 , 01:04:41 pm | Posted By
SANJIV KUMAR JHA
List of Goods and Services not Eligible for Input Tax Credit under GST
According to Section 17, the input tax credit is available only to the extent of the goods or services used for the business purpose or effecting taxable supplies including zero rated supplies as prescribed in Rule 42 &am...
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Category : GST |
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