Articles by CA Somil

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Composition Levy : When and how to opt?

CA Somil 05 June 2017 at 10:52

As per sub-section (1) of section 10, the registered person, whose aggregate turnover in the preceding financial year did not exceed fifty lakh

Posted in GST | 6990 Views

Transitional Provisions relating to Credit of unavailed Cenvat credit in capital goods

CA Somil 02 June 2017 at 11:22

As per section 140(2) of the GST Act company shall be allowed to carry forward the unavailed CENVAT credit on capital goods not carried forward in return for t

Posted in GST | 10 comments | 21888 Views

Complete guide to new registration under GST Act

CA Somil 29 May 2017 at 11:13

Complete guide to new registration under GST Act

Posted in GST | 9 comments | 18555 Views

Invoicing under GST - Part 2

CA Somil 27 May 2017 at 11:52

Time limit and manner of issuing tax invoice in GST

Posted in GST | 6 comments | 16020 Views

Concept of Distinct Person in GST

CA Somil 24 May 2017 at 11:02

I. Provisions under the GST ActSub-sections (2), (4) and (5) of Section 25 specifies the following person as the distinct person:(2) A person seeking registratio

Posted in GST | 16 comments | 48588 Views

Basics of Invoicing under GST

CA Somil 24 May 2017 at 11:02

Tax Invoice : The tax invoice shall be issued in case of supply of taxable goods or services or both. Bill of Supply : The bill of supply has to be issue..

Posted in GST | 15 comments | 51120 Views

Concept of Reverse Charge Mechanism in GST Act

CA Somil 22 May 2017 at 11:23

Reverse Charge I Definition of Reverse Charge(98) 'reverse charge' means the liability to pay tax by the recipient of supply of goods or services or

Posted in GST | 17 comments | 43062 Views

Basic concepts of ledger in GST

CA Somil 15 May 2017 at 10:50

Understanding electronic tax liability register,electronic credit ledger,electronic cash ledger and utilization of taxes in GST

Posted in GST | 5 comments | 28266 Views

Provisions for tax to be deducted at source under GST Act

CA Somil 17 April 2017 at 11:27

The section 51 of the GST Act makes provisions relating to Tax deducted at source.The essential ingredients are as follows : (a) Obtaining of Registration (b) ..

Posted in GST | 9 comments | 16443 Views

Casual Taxable Person And Non-Resident Taxable Person

CA Somil 13 April 2017 at 11:01

Casual taxable person means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business

Posted in GST | 2 comments | 14553 Views