GST Articles

ITC on CSR expenses

Posted by Affluence Advisory 15 December 2022 11033 Views

In our view, the companies undertaking CSR projects can only have the query on ITC availment of goods and services used to incur CSR expense and no query on ITC pertaining to capital goods.

Online GST Registration Process in India - Step by Step Guide

Posted by Shweta 14 December 2022 6436 Views

GST registration is mandatory for all individuals and businesses in India that offer products or services. GST registration is necessary when the entire cost of delivering items exceeds Rs. 40 lakh.

Classification of Risky exporters under GST Act w.r.t IGST Refund

Posted by B Sathyanarayanan 13 December 2022 5959 Views

As per the SOP issued by DGRM and the SOP issued in the year 20.05.2020, it is instructed to Custom and GST field Formations for the classification of risky exporters under rule 96.

Headache of HSN Code for GST taxpayers in GSTR-9 for FY 21-22

Posted by CA Umesh Sharma 12 December 2022 19981 Views

From FY 2021-22 onwards, it shall be mandatory to report HSN Summary for Outward Supplies in Table 17 at 6 digits for taxpayers having annual turnover in preceding FY above Rs. 5 Cr. and at 4 digits for all B2B supplies for taxpayers having annual turnover in the preceding FY up to Rs. 5 Cr.

Important Updates and Due Date Compliances under GST for Dec 2022

Posted by Tarun Kr. Gupta 12 December 2022 6507 Views

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

Applicability of GST on cold storage

Posted by CA PIYUSH KAPOOR 10 December 2022 7958 Views

This article helps to understand the applicability of GST on Cold Storage services, the Definition of Agri Produce as well as ITC claims on Buildings and Plant and Machinery.

Clause by clause analysis of Revenue items & outward supply disclosures in Annual Returns - Part 4

Posted by CA Yash Shah 09 December 2022 7469 Views

Filing of the annual return is not entirely a new phenomenon for taxpayers who were required to file annual return and submit reconciliation certificate by the specified persons including Chartered Accountant under the State VAT laws.

What happens when employee leaves the organization?

Posted by CA Umesh Sharma 08 December 2022 5559 Views

The article mentions about the havoc going on with IT Companies' employees leaving the organization

GSTR 9 and 9C: Optional to Mandatory reporting in FY 2021-22

Posted by Affluence Advisory 08 December 2022 42333 Views

In this article, we would mainly comment on applicability of GSTR 9 and 9C along-with key pre-requisites.

Key Amendments in FY 2021-22 relevant for GST Audit - Part 3

Posted by CA Yash Shah 07 December 2022 9493 Views

As we mark end of the financial year 2021-22 with respect to GST laws as next month we all would filing GST Annual returns normally called GSTR 9 & GSTR 9C wherever applicable, before filing the annual return it is very important to consider the major amendments that have been brought in Financial year 2021-22