GST Articles

All about GSTR 3B

Posted by Neethi V. Kannanth 28 June 2022 11096 Views

GSTR-3B is a self-declared summary GST return filed every month (quarterly for the QRMP scheme). Taxpayers need to report the summary figures of sales, ITC claimed, and net tax payable in GSTR-3B.

GST on Charitable And Religious Trusts

Posted by Poojitha Raam Vinay

24 June 2022 29857 Views

The GST Act exempts certain activities conducted by the Charitable Trust.

Recent case laws related to revocation of the cancelled GST Registration

Posted by CA Vichitra Trivedi 24 June 2022 14429 Views

In this article, we are discussing some of the recent decisions delivered by the Courts in GST law.

Procedure for obtaining Refund under GST

Posted by Neethi V. Kannanth 24 June 2022 8430 Views

The refunds under GST can arise in the following circumstances- The cash balance in the electronic cash ledger deposited in excess or Tax paid by mistake or The...

CBIC issued new guidelines for GST refunds

Posted by Ajay Kumar Maggidi 20 June 2022 15059 Views

Recently CBIC has issued detailed guidelines for sanctioning, post-audit and review of refund claims.

Treatment of post sale discount in GST

Posted by CA Pradeep Sharma 15 June 2022 27701 Views

While calculating GST on valuation of supply, discount shall not be the part of valuation but up to certain conditions which has been discussed in this article

Whether GST is leviable on royalty or not?

Posted by CS Advocate Abhishek Goyal 15 June 2022 9064 Views

Royalty is the consideration which is charged by the state government from mine owners on account of excavation from mines which belong to state government.

How to draft reply to ASMT 10 in case of mismatch between 3B and 2A

Posted by CS Advocate Abhishek Goyal 14 June 2022 38365 Views

It is seen that most of the scrutiny proceedings are initiated on the basis of alleged mismatches between the ITC claimed in GSTR-3B and that reflected in 2A for the FY 17-18 in particular. The department has been issuing ASMT-10, DRC-01A and DRC-01 in such cases based on relevant provisions of the Act.

Important Updates and Due Date Compliances under GST for June 2022

Posted by Tarun Kr. Gupta 13 June 2022 21609 Views

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

Reduction of tax outgo for Home Buyers

Posted by Affluence Advisory 11 June 2022 4320 Views

In a recent decision of Gujarat High Court in case of Munjaal Manishbhai Bhatt vs UoI & Ors. High Court held that value of land can be excluded from levy of...