GST Articles



JOBWORK - DETAILED ANALYSIS OF RULES AND PROCEDURES UNDER GST Section 2(68) of the CGST Act – 'JOB WORK' means any treatment or process undertaken by a person on goods belonging to another registered person (referred to as Principal) and the expression ‘job worker’ sha..

Posted in GST  16 comments |   3994 Views




As the Era of GST in India is going through a continuous changes from time to time, These following changes under GST regime shall take effect from 01.02.2019. 1. Upper limit of turnover for opting of composition scheme shall be raised from Rs. 1 Cr to Rs. 1.5 Cr. 2. A Composite dealer(in..

Posted in GST  12 comments |   4719 Views




As per Chapter 9 of Foreign Trade Policy (2015-20) para 9.03, 'Merchant Exporter' means a person engaged in trading activity and exporting or intending to export goods. Merchant export means last sale made in India to the Exporter for the purpose of export in the same form. We can differentiate ..

Posted in GST |   1958 Views




1) Time of supply: Time of supply is earliest of following: a) At the time of receipt or payment; or b) At the time of issue of invoice Accordingly, GST needs to be paid with reference to the time at which advance is received. Example: An advance of Rs. 10 lacs is received 45 for a ..

Posted in GST  3 comments |   1486 Views




Recently, a major breakthrough in the GST has come across which is surprisingly good news for the MSME sector. The GST department has decided to increase the exemption limit For MSME's which will seriously affect the businesses in a positive way. A major announcement which will ease the burden..

Posted in GST  12 comments |   3181 Views




On 31st December 2018, CBIC has issued multiple circulars to clarify various issues. Besides, CBIC also issued various notifications and orders to give effect to the decisions taken at the 31st GST Council meeting as a welcome for New Year of 2019. In this article, I would give you a quick grasp ..

Posted in GST |   1050 Views




Arjun (Fictional Character): Krishna, The festival of Makar Sankranti has arrived. On occasion of the same, GST Council has made some recommendations, which are to be implemented from 01 April, 2019. So what would you like to tell about that?        Krishna (Fict..

Posted in GST |   3004 Views



Reverse Charge Mechanisim

  CA Neetu Agrawal    14 January 2019 at 11:07

In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government on the recommendations of the Council hereby notifies that on categories of supply of services mentioned in column (2) of the Table below, supplie..

Posted in GST  4 comments |   2257 Views




The GST Council has made great efforts to win hearts of the small taxpayers in this 32nd meeting. This can be rightfully called as "Meeting for Small Taxpayers". Some relief decisions announced in this meeting are as follows:  Increase in turnover limit for the existing composit..

Posted in GST  8 comments |   2152 Views




The value of supply of goods and services is determined by Section 15 of the Central Goods and Services Tax ('CGST Act') in GST regime. However, for various specified services, there are specific provisions provided in GST Law to determine the value of supply. These provisions have been imported fro..

Posted in GST |   1575 Views





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