GST Articles

Uncontrolled Systems And Procedures Of GST

CA SUDHIR HALAKHANDI 20 May 2022 at 11:27

The revenue of GST is increasing continuously and for this the business, industry and government of India deserves congratulations but at the same time there is no reduction in the problems of tax payers and professionals and the government should now pay attention to them

Posted in GST | 1806 Views

Analysis of risk parameters of scrutiny of GST Returns as per SOP issued by CBIC

Ishan 20 May 2022 at 08:59

The Indicative list of Parameters introduced by CBIC vide Instruction No. 02/2022-GST dated 22.3.2022 in Standard Operating Procedure (SOP) for Scrutiny of returns u/s 61 of CGST Act read with Rule 99 of CGST Rules for F.Y. 2017-18 and F.Y. 2018-19 are enumerated hereunder:

Posted in GST | 2739 Views

E-way bill is redundant - Why not abolish?

Lekhraj sood 16 May 2022 at 08:28

In a dispute concerning e-waybill, recently Hon'ble Gujarat High Court ruled in favor of taxpayer in the case of Dhabriya Polywood Limited Vs Union of India. In this case, everything was correct like invoice, e-waybill etc. except a small mistake of selecting wrong ODC type of vehicle in the e-waybill.

Posted in GST | 5607 Views

ITC reversal for Credit Notes in GSTR-3B - What if Net ITC is reported directly in GSTR-3B?

Vivek Agarwal FCA, CS, LLB 14 May 2022 at 19:53

In this article, the author has provided draft contentions that can be used to defend this query of the department.

Posted in GST | 1 comments | 7374 Views

Gujarat High Court Delivers Two in One Reliefs for Real Estate Industry in India

CA Ankit Gulgulia 11 May 2022 at 09:05

On 6th May, 2022, The Hon'ble Gujarat HC delivered a 'soothing to the sight' of developers and builders judgement in case of MUNJAAL MANISHBHAI BHATT VERSUS UNION OF INDIA 2022 (5) TMI 397 wherein it has in principal addressed to two issues of GST on Real Estate.

Posted in GST | 5508 Views

Is Registration Under GST Mandatory?

InstaFiling Team 09 May 2022 at 08:28

The Tax Identification Number, now known as the GSTIN is a 15 digit unique code that is assigned to every business that registers itself under the GST. You can apply for a GSTIN by registering for GST which is a cost-free process facilitated by the Government of India.

Posted in GST | 8166 Views

Important Updates and Due Date Compliances under GST for May 2022

Tarun Kr. Gupta 06 May 2022 at 08:58

Important clarifications/ amendments issued by the Government on GST in April 2022 along with compliance timelines in May 2022

Posted in GST | 6963 Views

How is GST calculated in India?

Shree 03 May 2022 at 08:59

Are you stuck somewhere, confused by complicated laws? It is hard to keep things at your fingertips, especially when it comes to finances because there is so much external matter revolving around it. If you are thinking about GST and other taxes - you are at the right place. You can easily find the answer on how to calculate GST in our country.

Posted in GST | 1 comments | 5856 Views

Scrutiny of Returns in GST

Tarun Kr. Gupta 27 April 2022 at 08:51

Section 61 of the CGST Act, 2017, empowers the proper officer to scrutinize a return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed, if any, and seek his explanation thereto.

Posted in GST | 1 comments | 9879 Views

Tally - The Accounting Software

Neethi V. Kannanth 22 April 2022 at 08:12

Tally Accounting is financial software that helps in business financial purposes. It is used for recording the daily business data of a particular company. The name of the business solution is derived from the word “tally", which means to count and keep the record.

Posted in GST | 2 comments | 24708 Views