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CGST

Submission of GST Audit Report – All details with all provisions

June 29, 2021

Submission of GST Audit Report: The concept of audit by a Chartered Accountant in the area of Indirect Taxes was confined to State Value Added

Filing an application Form ARA 01 for seeking Advance Ruling

June 29, 2021

Filing an application Form ARA 01: How can I generate a new registration for the advance ruling at the GST Portal, make payment and submit

Valuation Rule for supply under Goods and Services Tax

June 29, 2021

Valuation Rule For Supply Under Goods and Services Tax: Value of Supply in common terms is nothing but the amount paid by the recipient of

Key highlights of Job work under gst in respect to circular no 28/05/2021

Updated on: October 11, 2021

Key highlights of Job work in respect to circular no 28/05/2021dated 26th june, 2021: Job work sector is a significant part in Indian economy. The

GST Advance Ruling Rules 2021, GST Advance Ruling Rules 2021

June 29, 2021

GST Advance Ruling Rules 2021, GST Final Advance Ruling Rules 2021. Check Details for Qualification and appointment of members of the Authority for Advance Ruling,

Why import of services by SEZ needs exemption specifically?

June 29, 2021

Why import of services by SEZ needs exemption specifically?: The study material broadly covers an overview of the four GST Acts focusing upon the following key

Refund of accumulated input tax credit on account of exports

June 29, 2021

Refund of accumulated input tax credit on account of exports – Getting the most out of it. Refund Mechanism plays a vital role in any tax

Input Tax Credit – Eligibility criteria, Additional conditions for eligibility

June 29, 2021

Input tax credit was allowed under Cenvat Credit Scheme and the same was allowed for utilisation for payment of duty / service tax on final

Refund of GST paid by Exporters on Inward or Outward Supplies

June 29, 2021

Refund of GST paid by Exporters on Inward or Outward Supplies: Exporters are entitled to obtain the refund of CGST + SGST / UTGST or

Reverse charge under Section 9(4) – supplies received by a registered person from unregistered persons

June 29, 2021

Reverse charge under Section 9(4): Under Section 9(4), it has been provided that all supplies received by a registered person from unregistered persons will be

Electronic commerce operator – Latest Provisions related to GST

June 29, 2021

Electronic commerce operator: As per Section 9(5) of the CGST Act, 2017, the Government has been given the power to notify certain categories of services

Payment of tax by registered person for construction against transfer of development right and vice versa

June 29, 2021

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

June 29, 2021

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 /

GST Tax Payment Rules, GST Payment Rules till Feb 2021

June 29, 2021

GST Tax Payment Rules, GST Payment Rules as per GST bill 2021. check out all details Goods and Service tax Payment Rules. users can download

GST and Electricity: A Mysterious Affair (Detailed Analysis)

June 29, 2021

GST and Electricity : “With great power comes a great Electricity Bill”, kudos to CBIC for issuing a circular that turned the tables and increased

GST Concessions Granted Consequent to COVID-19 Outbreak

June 29, 2021

The worldwide outbreak of the Corona Virus pandemic has forced the Government to announce unprecedented measures to contain the spread of the dreaded disease. Countrywide

GST Model India – CGST, IGST, UTGST, SGST for India 2021

June 29, 2021

GST Model India – CGST, IGST, UTGST, SGST for India 2021. gst model of India. Goods and Service Tax, the forthcoming biggest reform in the

Blocked Credits under GST, Ineligible Input Tax Credit under GST

June 29, 2021

Blocked Credits Under GST: Generally the input tax credit eligibility is based on whether the same is used for taxable supplies or exempt supplies. Where

Concept of ISD (Input Service Distributor) Understand with Example

June 29, 2021

Concept of ISD: As explained above, ISD is an office of supplier of goods and services. A supplier may have number of establishments located in

Negative list of ITC under GST – ITC cannot be claimed on below list

June 29, 2021

Negative list of ITC under GST.: Government is making efforts to support the taxpayers with GST migration and resolve their queries. Two call centres have

Basics of GST Returns – All you need to know about GST Returns

June 29, 2021

Basics of GST Returns: For the sake of brevity, the term input tax credit has been referred to as ITC in this Chapter. The section

Advance Ruling on Supply of food and beverages in trains with case Law

Updated on: October 11, 2021

Advance Ruling on Supply of food and beverages in trains: Till now many rulings have been given by the AAR under GST, one of the

E-invoicing under GST – Business benefits doubled with easy reconciliation

June 29, 2021

E-Invoicing System- An Introduction. e invoicing under gst – implementation date has been extended from April 2020 to late this year i.e. October 2020 by

Job Work Procedure, Provisions under Section 143 of CGST Act

June 29, 2021

Job Work Procedure: The concept of job-work already exists in erstwhile law of Central Excise, VAT and Service Tax. Under these regulations, concession was given

Types of Supply under GST Regime, Miscellaneous Supply Under GST

June 28, 2021

Types of Supply under GST: The first was the introduction of the Goods and Service Tax (GST) and this was followed by the operationalization of the

GST Supply – Bill to & Ship to Scenario (detailed analysis)

June 28, 2021

GST Supply – Bill to & Ship to Scenario: GST is basically an indirect tax that brings most of the taxes imposed on various goods

Maintenance of Accounts and Records under GST Regime 2021

June 28, 2021

Maintenance of Accounts and Records under GST Regime 2021: Every registered person under GST must maintain all records at his principal place of business as prescribed

Demystifying Interest Liability in GST – A Detailed Analysis

Updated on: October 11, 2021

Every taxpayer who collects taxes from his customers on the outward supply of goods or services is required to remit the amount collected to the

Key GST changes that helps in ease of doing business

June 28, 2021

Key GST changes that helps in ease of doing business: Industry expects that the impact of Covid-19 Pandemic certainly going to be longer and that

Input Tax Credit Availed Shall not Exceed 20% of Eligible Credit U/s 37 (1)

June 28, 2021

Input Tax Credit Availed Shall not Exceed 20% of Eligible Credit U/s 37 (1)/. We would like to draw your attention towards a very significant

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