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 /
CGST
GST Tax Payment Rules, GST Payment Rules till Feb 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)
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 Invoice Rules 2021, GST Invoice Format in Excel Format
GST Invoice Rules 2021, GST Invoice Format: An invoice is a commercial instrument issued by a supplier of goods/services to a recipient. It identifies both
Impact of COVID 19 on GST – Check out Various Reliefs and ITC
Impact of COVID 19 on GST: Indian government chose complete lockdown as an important measure to protect human life’s from the rapid spread of COVID
Submission of GST Audit Report – All details with all provisions
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
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
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
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
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?
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
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
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
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
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
Job Work Procedure, Provisions under Section 143 of CGST Act
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
GST Concessions Granted Consequent to COVID-19 Outbreak
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
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
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
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
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
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
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
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
GST on Advertisement, GST Rates on Advertisement with Analysis
GST on Advertisement, GST Rates on Advertisement with Impact Analysis. It is indeed a great pleasure to witness and be a part of this biggest economic
GST on NPO, Associations, Charitable & Religious Institutions
GST on NPO: Non-profit organization is an organization which has an objective of charitable purpose. Trusts, foundations, unincorporated associations and in some jurisdictions specific types
Classification under Goods and Services Tax – Complete Guide
Classification under Goods and Services Tax: Across the Globe under various GST regimes, classification as a subject is not a complex issue for the simple
Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger
Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger: After submitting the GSTR-3B return, I was trying to make payment of the tax and
GST Audit Report in Form GSTR 9C – Introduction and Filing Process
Recently on 14th April 2019, GSTN opened the filing window for GST Audit Report in Form GSTR 9C. We have examined the various aspects for
Opportunities for CS in GST, How can CS become a GST Practitioner?
Well established is the fact that when it comes to the directed, goal oriented and rightly spirited implementation of a legal reform in the country,