GST Articles

The objective of this article is to summarize all the updates of GST (Notifications, Circulars, other amendments, and updates) in one place. 11 Central tax notifications, One Central tax rate notification and 6 Circulars were issued during the month Nov´┐Ż19. The same is being summarized below.

Posted in GST  2 comments |   3241 Views

TDS under Goods and Service Tax (GST)

  Khushboo Dave    13 December 2019 at 12:59

Tax Deduction at source is a way by which leakage of revenue to Government is ensured to some extent. Like direct Tax, TDS is also implemented for Indirect Tax...

Posted in GST |   2821 Views

Under the new GST return, there will be 1 main form viz. GST RET-1 (Normal), / GST RET-2 (Sahaj)/ GST RET-3 (Sugam) (i.e. the taxpayer will have to file any of the above forms) and two Annexures namely GST Anx-1 & GST Anx-2.

Posted in GST |   959 Views

Input Tax Credit restriction - Rule 36(4) of CGST Rules, 2017 inserted vide Notification No. 49/2019 dated 09th Oct, 2019 was made applicable w.e.f. 09th Oct, 2019. This article explains the ITC restrictions imposed through this rule with valid examples.

Posted in GST  2 comments |   8183 Views

In today's conversation between Arjuna and Krishna. Krishna is addressing all the questions that Arjuna has about the FAQs on blocking of e-way bill on non-filing of the returns.

Posted in GST  1 comments |   744 Views

Top 7 Queries on New GST return ANX-1

  Anjali Devri    10 December 2019 at 11:11

The new GST return filing has now been made effective and is applicable to every one of the taxpayers.In the new returns, the taxpayer is required to file GST returns together with annexures. Here we shall try to be aware of some essential guidelines of filing the FORM GST ANX-1 with the help of Frequently Asked Questions (FAQs).

Posted in GST  2 comments |   3843 Views

Implications of GST on Stock Lending Scheme

  Heet Shah    09 December 2019 at 10:20

Under GST "services" means anything other than goods, money and securities.The lending of securities is not a transaction in securities as does not involves disposal of securities and hence it gets covered under the definition of service mentioned above. The lending of securities is classifiable under heading 9977119 and is leviable to GST @18%.

Posted in GST |   1913 Views

The CBIC has clarified the applicability of GST on gift donations received by the charitable organizations involved in the advancement of religion, spirituality or yoga which is acknowledged by them by placing nameplates in the name of the individual donor. Know what the clarification says.

Posted in GST |   796 Views

Notification number 22/2019 dated 23rd April, 2019 notified that if GSTR returns are not filed for two consecutive return periods then EWay Bill generation for such registered taxpayers shall be blocked until the returns are filed. Know 1 click solution for all e way bill generation problems.

Posted in GST |   7507 Views

Clarification regarding time limit for filing appeal before Appellate Tribunal

Posted in GST |   800 Views

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