GST Articles

Scrutiny of Returns in GST

Posted by Tarun Kr. Gupta 27 April 2022 11901 Views

Section 61 of the CGST Act, 2017, empowers the proper officer to scrutinize a return and related particulars furnished by the registered person to verify the correctness of the return and inform him of the discrepancies noticed, if any, and seek his explanation thereto.

Tally - The Accounting Software

Posted by Neethi V. Kannanth 23 April 2022 49009 Views

Tally Accounting is financial software that helps in business financial purposes. It is used for recording the daily business data of a particular company. The name of the business solution is derived from the word “tally", which means to count and keep the record.

GST for social media influencers

Posted by CA Puja Sharma 21 April 2022 13400 Views

Bloggers and social media influencers are categorized as OIDAR - Online Information and Database Access or Retrieval services under GST.

Input Service Distributor: Meaning & Compliance

Posted by CA Mohammad Kashif 06 April 2022 8524 Views

An Input service distributor (ISD) is a taxpayer who may be a supplier of goods or services or both.

Important Updates and Due Date Compliances under GST for April 2022

Posted by Tarun Kr. Gupta 06 April 2022 9867 Views

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

Important Due Date Compliances for the m/o April 2022

Posted by Neethi V. Kannanth 01 April 2022 13058 Views

Important due dates for the GST Returns / Income Tax Compliance / PF / ESIin the Month of April 2022

New E-Way bill limit extended to Rs. 2 Lakhs in Rajasthan from 1st April 2022

Posted by CA Puja Sharma 30 March 2022 55436 Views

From 1st April 2022, an increased limit of Rs. 2 Lakhs shall apply where the movement of goods movement commences and terminates within the area of same city without crossing the area of the city. This limit has been notified vide Notification No. F.17(131-Pt-II)ACCT/GST/2017/7713 dated 24th March 2022 and shall be effective from FY 2022-23 onwards.

Consequences of payment to suppliers after 6 months under GST

Posted by CA Mohammad Kashif 29 March 2022 19523 Views

In simple words "The recipient of goods or services is required to pay interest only on input tax credit utilized from e-credit ledger for payment of tax & not on whole amount of input tax credit to be reversed".

Activities to be undertaken for GST Compliances of FY 2021-22 in March, 2022

Posted by Bimal Jain 29 March 2022 8087 Views

We are fast approaching the end of financial year 2021-22. It mandates for some activities to be carried out under GST laws for smooth transition to Financial Year 2022-23. We have listed down certain important activities for the smooth transition/ closure of Financial Year 2021-22