GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed, and net tax payable in GSTR-3B.
GSTR-1 is a monthly or quarterly return that should be filed by every registered GST taxpayer, except a few as given in further sections. It contains details of all outward supplies i.e sales.
The GST Act exempts certain activities conducted by the Charitable Trust.
In this article, we are discussing some of the recent decisions delivered by the Courts in GST law.
The refunds under GST can arise in the following circumstances- The cash balance in the electronic cash ledger deposited in excess or Tax paid by mistake or The..
Recently CBIC has issued detailed guidelines for sanctioning, post-audit and review of refund claims.
In this context in the article the paper writer has examined the eligibility to food/drink credit, more specifically ITC on canteen credit, the issues therein and important decisions.
While calculating GST on valuation of supply, discount shall not be the part of valuation but up to certain conditions which has been discussed in this article
Royalty is the consideration which is charged by the state government from mine owners on account of excavation from mines which belong to state government.
It is seen that most of the scrutiny proceedings are initiated on the basis of alleged mismatches between the ITC claimed in GSTR-3B and that reflected in 2A for the FY 17-18 in particular. The department has been issuing ASMT-10, DRC-01A and DRC-01 in such cases based on relevant provisions of the Act.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
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