GST Articles

Clarify restrictions in availment of input tax credit in terms of Rule 36(4)[i]Rule 36 relates to Documentary Requirements and Conditions for claiming Input Tax..

Changes in Annual Return GSTR-9

Clarification regarding optional filing of Annual Return under GST

Important Changes in Form GSTR-9 and GSTR-9C

Recently Central Board of Indirect Taxes & Customs (CBIC) issued a clarification on GST implication on Salaries paid to key management personnel and employees. In this clarification, CBIC clarifies that GST is not applicable to the salary paid to the employees because it is under schedule III of the CGST Act, 2017.

The government changed the Rules & Conditions for claiming the Input Tax Credit (ITC) in GSTR-3B CBIC has inserted the new Sub-rule (4) to Rule 36 with effect from 09.10.2019

The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses.

The Hon'ble HC, Madras in the matter of M/s Sutherland Global Services Private Limited v. Assistant Commissioner CGST and Central Excise, has allowed the writ petition challenging the denial of transitional credit of Education Cess ("EC"), Secondary and Higher Education Cess ("SHEC") and Krishi Kalyan Cess ("KKC") into GST regime through the TRAN-1 declaration.

Tabular explanation of amendments to Annual return (GSTR-9) and Reconciliation statement (GSTR-9C) under GST

The CBIC, vide Notification No. 56/2019 - Central Tax dated November 14, 2019, has made certain amendments to simplify the Form GST GSTR 9 & GSTR 9C to ensure easier return filing by taxpayers.