GST Articles

Accounts & records under GST

GST Plus 13 April 2021 at 09:15

o further corroborate the assessment or scrutinization process, the Government relies on the accounts and records maintained by the taxpayer.

Posted in GST | 45 Views

Supreme Court to hear on the validity of refund of ITC on input services under inverted duty structure

GST Plus 13 April 2021 at 09:11

In view of the contrary decisions passed by the Gujarat and the Madras High Court, the Supreme Court is set to hear the case on 28 April 2021 to decide the matter.

Posted in GST | 27 Views

What is new this time in GST Gudi Padwa?

CA Umesh Sharma 12 April 2021 at 14:25

This time in GST new things are in the Tax Invoice. W.e.f 1st April 2021, all GST taxpayers will have to furnish HSN or SAC in their Tax Invoices. Further if turnover in PYs is more than 50 Cr then E-invoicing is mandatory.

Posted in GST | 1 comments | 2019 Views

GST e-invoice: How to ensure that the invoices printed out of the ERP systems are not printed without IRN?

Harshit Dheer 11 April 2021 at 12:18

This article deals with the automated solution for handling a scenario where an invoice is generated without IRN and provides an end to end solution under the e-invoice regime.

Posted in GST | 5016 Views

Payment of Tax by Taxpayers under QRMP Scheme, for March, 2021

Rohit Kumar Singh 11 April 2021 at 12:17

All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onwards), are required to furnish return on quarterly basis, along with payment of tax on monthly basis.

Posted in GST | 1 comments | 1050 Views

14 New Functionalities made available for Taxpayers on the GST Portal

CA Sapna Ghelani 10 April 2021 at 16:08

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics.

Posted in GST | 6663 Views

Lawyers are exempted from paying GST/service tax, do not harass them by issuing demand notices: Orissa High Court

GST Plus 10 April 2021 at 08:51

The Orissa High Court directed the Commissioner GST to issue clear instructions to all the officers in the GST Commissionerate in the state not to issue any notice demanding payment of service tax/GST to practicing lawyers.

Posted in GST | 93 Views

All about GST Suvidha Provider (GSP)

Suhasini 08 April 2021 at 09:53

It is expected that the GSPs shall provide the tax payers with all services mentioned above in addition to maintaining their individual business ledgers (sales ledger and purchase ledger) and other value added services around the same.

Posted in GST | 6642 Views

Notice for recovery of tax must be issued in Form DRC07

GST Plus 08 April 2021 at 09:31

Sub-rule (5) provides for issuance of summary order in form DRC07 specifying the amount of tax, interest and penalty payable by the person chargeable with tax.

Posted in GST | 102 Views

The proviso to Rule 138(5) exempting the transporter to update e-way bill detains in case of transport within 50 km would not be applicable in case of inter-state transfers

GST Plus 07 April 2021 at 09:20

In the instant case, the petitioner had purchased the goods from Bangalore and was transporting them to Cochin under the cover of an e-way bill. The goods were shifted to other vehicle for delivery to the destination and during this time, the goods were intercepted and the goods were detained since e-way bill had expired on the previous day.

Posted in GST | 153 Views