As per Rule 80 of the CGST Rules, 2017, every registered business is liable to file a GST Annual Return for each financial year on or before the 31st December of the following financial year. Accordingly, the last date of filing the GST Annual Return for FY 2021-22 is 31-Dec-2022
Today's technologically advanced times are posing more challenges for the audit disclosures that need to be made through the Annual Returns.
Many times we face issues while getting GST registration like an application being rejected or GST get cancelled after registration. Here is a detailed article on provisions and various judgements on it.
A lot of Multinational Companies (MNCs) have the practice of seconding/deputing one or more of its employees to its sister companies within and outside their country. Such transactions have come under the scanner of the Department wherein demand for service tax was raised.
There is a controversy of appeal under the CGST Act and Erstwhile Pre-GST Acts.Under the erstwhile PRE GST filing of appeal and fees were optional or with 7.5% ..
GST Audit is verification of the original records, returns and other documents kept with the taxpayer at the business premises (including all Additional Place of business) and correlating them with the information furnished by the taxpayer on the GST Portal
The key foundation based on which the GST law is structured is that the tax is to be levied and collected only on the value-added portion. In India, we have a method by which the tax suffered at an earlier point of time is allowed to be reduced from the tax payable on the subsequent supplies made.
GSTR 9 is an annual return that has to be filed by all registered taxpayers under the Goods and Services Tax (GST) regime in India. It is a consolidated return that summarizes the details of all GST returns filed by the taxpayer during a financial year.
A Contractor is about to transfer Capital Assets, Tools and Spares from one of his sites at Maharashtra to another site at Gujarat and wants to understand GST applicability in this case.
In our view, the companies undertaking CSR projects can only have the query on ITC availment of goods and services used to incur CSR expense and no query on ITC pertaining to capital goods.
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