GST Articles

Interplay of RCM and registration requirement on rental service

Posted by CS Advocate Abhishek Goyal 01 August 2022 10855 Views

The RCM liability on registered tenant shall apply irrespective of whether the landlord is registered under GST or not.

GSTR-3B in new avtar very soon!

Posted by CS Advocate Abhishek Goyal 29 July 2022 11383 Views

The concept paper is based on recommended changes to GSTR-3B based on recommendations of GST Council keeping in view the discussions held therein.

Relief for Commission Agents of Agriculture produce Turmeric

Posted by CA Umesh Sharma 29 July 2022 3673 Views

Maharashtra appellate Authority for advance ruling for goods and service tax has issued order No. MAH/AAAR/AM-RM/07/2022-23 regarding the taxability of services provided by commission agent in relation to supply of turmeric to traders in APMC.

Mandatory furnishing of correct details in Form GSTR-1, GSTR-3B & GSTR-9

Posted by CA Umesh Sharma 29 July 2022 11191 Views

Circular No. 170/02/2022-GST on 6th July 2022 was passed for furnishing correct and proper information about inter state supplies and supplies and amount of ineligible/ blocked Input Tax Credit and reversal thereof in GSTR-1 &3B. Circular No.14/2022-GST on 5th July 2022 stated about GSTR-9 & 9C

Indicative list of parameters for scrutiny

Posted by CA Pradeep Sharma 26 July 2022 11206 Views

The Proper Officer shall scrutinize the returns and related particulars furnished by the registered person to verify the correctness of the returns.

Reversal of ITC under GST

Posted by Neethi V. Kannanth 25 July 2022 13481 Views

Reversal of ITC means reversal of ITC utilized earlier. By doing this, there will be an increase in the output tax liability and interest may also be required to be paid depending on when the ITC is reversed.

Scope of pre-packed and labelled items

Posted by CA Pradeep Sharma 25 July 2022 4034 Views

With effect from the 18th July 2022, this provision undergoes a change and GST has been made applicable on supply of such "pre-packaged and labelled" commodities attracting the provisions of Legal Metrology Act.

Amended GST Rates applicable from 18th July 2022

Posted by Neethi V. Kannanth 21 July 2022 73183 Views

Several amendments have been proposed in the 47th GST Council Meeting.The government issued nine Central Tax (Rate) notifications starting from number 03/2022 to 11/2022 on 13th July 2022. These notifications provide details about the changes in GST rates and shall come into effect from 18th July 2022

GSTN implements mandatory mentioning of HSN codes in GSTR-1

Posted by CA Ruby Bansal 21 July 2022 11422 Views

Vide Notification No. 78/2020 - Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year.

GST rate increase for Government projects (Works Contracts) - Impact & way forward

Posted by CA Venkatprasad Pasupuleti 20 July 2022 13355 Views

Construction industry plays an important role in the development of any country. It is a large sector of Economy of about Rs. 37 lakh crores (as per national accounts statistics, 2019-20). The construction industry in India consists of the Real estate as well as the infrastructure development segment.