Common Provisions of CGST, SGST, IGST and UTGST – Full Analysis
Common Provisions of CGST, SGST, IGST and UTGST. GST roll out on July 1, 2017, evidenced the stepping stone toward accomplishing a goal of One Nation
CGST
Refunds under GST – Rules, Provisions, Processes, Interest
GST is all about a smooth flow of funds and compliances till the end. To facilitate such a smooth flow, it is imperative for the
GST on Indian Railway – Accounting, Provisions, Reverse Charge
GST on Indian Railway, GST and Indian Railways: Indian Railways is India’s national railway system operated by the Ministry of Railways. It manages the fourth-largest railway
ITC Rules Mismatch in Results: Rule 40(2), Rule 44(6) with Case Study
ITC Rules Mismatch in Results: (Sale of used capital goods and ITC in special circumstances u/s 18 of CGST Act, 2017) Section 18(6). ITC Rules
All about GST – Everything you need to know about Goods & Service Tax
All about GST – Everything you need to know about Goods & Service Tax. GST is a game changer for the Indian economy as it facilitates
Step by Step guide for filing Form GST TRAN 2 form – Full Guide
Step by Step guide for filing Form GST TRAN 2 form: Elaborate provisions have been made to carry forward the ITC earned under the existing law. Such
GST ITC : Furtherance of Business (A Detailed Analysis)
According to Section 16 (1) of CGST Act, 2017: Every registered person shall, subject to such conditions and restrictions as may be prescribed and in
GST Taxing the POOR? How the gst System Is Adversely Impacting Poor
GST Taxing the POOR?: BCs And Pmjdy/Financial Inclusion – Business Correspondents (BCs) have been enthusiastically implementing, promoting and providing Financial Inclusion in general and PMJDY in
GST Applicability on High Sea Sales and Bond to Bond Transfer of Goods
GST Applicability on High Sea Sales: ‘High Sea Sales’ is a common trade practice where the original importer sells the goods to a third person
Tax layers under proposed GST Model with Examples
Tax layers under proposed GST Model with Examples, Tax Structure of New GST Model, It is a Dual-GST structure proposal wherein the Central Government and State
Meaning and scope of supply under GST – 8 Questions Answered
Meaning and scope of supply under GST – 8 Questions Answered: All You Need To Know about Meaning and scope of supply under GST Regime. This
Guide on Filing GST TRAN 1 – Point Wise Discussion with Opinion
Guide on Filing GST TRAN 1 – Point Wise Discussion with Opinion. Every Principal and the Job Worker shall within 90 days from the appointed day
What SAC Codes may be used by Practising Company Secretaries?
What SAC Codes may be used by Practising Company Secretaries?: Under the GST regime, there is no code for service provider but codes are in
Revised Procedure for Exports in GST – All you need to know about
Revised Procedure for Exports in GST: Analysis of Export procedure with latest changes- Notification 37/2017-CT dated 04.10.2017 and Circular No. 8/8/2017-GST dated 04.10.2017 issued by
Taxability of goods imported into India with some practical case
Taxability of goods imported into India pending customs clearance – is governed by the Proviso to Section 5(1) and not by the main Section 5(1) of
FAQ on Suo Moto Registration under GST – GST Question Answers
FAQ on Suo Moto Registration under GST: Where a person who is liable to be registered under GST fails to obtain registration, Tax Officials working
Export Refund Procedure, FAQ on IGST refunds on goods exported
Export Refund Procedure, Frequently Asked Questions on IGST refunds on goods exported out of India. At present Duty Drawback Scheme under Section 75 neutralises Customs duty,
GST Overview, Goods and Service Tax Law 2017 (GST Bill Overview)
GST Overview, Goods and Service Tax Law 2017 (GST Bill Overview). The introduction of Goods and Services Tax (GST) is a very significant step in the
GST on Education Sector – GST Provisions on Educations Services
GST on Education Sector: “Better than a thousand days of diligent study is one day with a great teacher” – Educational Institution acts as an
GST Downloads: GST Acts, GST Rules, GST Forms, GST PPT 2021
GST Downloads: GST Acts, GST Rules, GST Forms, GST PPT’s, GST Notes 2021. Download Free Resources of GST, IGST, CGST, UTGST 2021. Download GST Free
TCS Mechanism under GST: Registration, Credit of tax collected (All Details)
TCS Mechanism under GST: Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax
GST Impact on Health Care Services, Rates of GST, HSN Code List
GST Impact on Health Care Services: GST rollout w.e.f 01st July 2017 was a planned event for ministry and department, but all most all business
New Functions Available for Taxpayers on GST Portal (Feb 2021)
New Functions Available for Taxpayers on GST Portal: GST act is come into force w.e.f. 1 July 2017, Its huge restructuring of indirect taxation in
Inspection, Search and Seizure Rules (Updated on 01-06-2021)
Inspection, Search and Seizure Rules 2018 (Updated on 30-12-2017). GST Council Release New GST Rules 2018 as per CGST Act 2017. Check Rules of Inspection, Search
Offences and Penalties Rules 2021 (Updated on 01-06-2021)
Offences and Penalties Rules 2021 (Updated on 01-06-2021). GST Council Release New GST Rules 2021 as per CGST Act 2021. Check Rules of Offences and
Lateral Charge on Ecommerce, reverse charge on Ecommerce in GST
Lateral Charge on Ecommerce: All though the above two cases are listed in section 2(98) as ‘reverse charge’, there is another provision which deserves mention
The Manner of Distribution of credit through ISD mechanism under GST
The Manner of Distribution of credit through ISD mechanism under GST: ISD shall distribute the credit available for distribution in the same month and details
GST Post Implementation Challenges on Compliance, Cash Flow, Returns
GST Post Implementation Challenges: GST is basically an indirect tax that brings most of the taxes imposed on various goods and services at the point
Payment of tax by registered person for construction against transfer of development right and vice versa
Payment of tax by registered person for construction against transfer of development right and vice versa: Real estate developers usually do not have ownership of land
GST on trading of Transferable Development Rights – Taxability
GST on trading of Transferable Development Rights (TDR’s): State Governments across India have evolved a method of compensating the loss for acquisition of land /