GST Articles

GST Proposals in Union Budget 2022

Posted by Rohit Kumar Singh 02 February 2022 6042 Views

The Union Finance Minister while presenting the Union Budget 2022 on 1st of February 2022, made few important changes in the GST Laws

Can GST officers directly visit your premises to collect GST without notice?

Posted by Abhishek Raja 02 February 2022 15201 Views

After reading such news items what I understood was that from 1st January 2022, the GST officers can initiate recovery proceedings without any show-cause notice against taxpayers who under-report sales in GSTR-3B compared to GSTR-1.

Guidance Note- Claim of ITC as per GSTR 2B

Posted by CA Nikhil Jhanwar 31 January 2022 12718 Views

Through this write-up, we intend to cover the intricacies of claim of ITC from practical and accounting perspective working a ready reference for your business....

Concept Of "Bill To" And "Ship To"

Posted by MOHAN ARYA 25 January 2022 52114 Views

First of all, we need to understand the place of business, place of supply and Principal place of business.

Does The Invoice on Your GSTR 2B Matter?

Posted by Ammar Dawoodi 21 January 2022 7314 Views

Taxpayers would only be able to claim ITC on invoices that have been uploaded by the supplier in GSTR 1 / IFF and reported to the registered person in Form GSTR 2B.

Whether ITC in Dec 2021 GSTR 3B is mandatorily required as per GSTR 2B?

Posted by Lekhraj sood 18 January 2022 15398 Views

When the transactions were done on December 21 then at that point of time old rule 36(4) was in force. Therefore, in our view, it would be in order if the ITC of December is availed by referring to GSTR 2A.

Interest Calculator introduced in GSTR 3B

Posted by Rohit Kumar Singh 17 January 2022 9806 Views

As a facilitation measure for taxpayers and for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B.

Valuation of free of cost supplies under GST

Posted by FCS Deepak Pratap Singh 16 January 2022 7926 Views

We know that the value of a taxable supply is the taxable base on which the rate is applied. It is important to understand and calculate the value of supply for ascertaining GST liability. GST will be applicable in the value of the goods and services supplied.

When recovery will be initiated on difference between GSTR-1 & GSTR-3B?

Posted by CA Umesh Sharma 11 January 2022 14116 Views

If the taxpayer is able to justify the differences between GSTR 1 and GSTR 3B, then there may not be any requirement to initiate proceedings for recovery under section 79.

Guidelines for recovery for self-assessed tax (GSTR 1 vs GSTR 3B)

Posted by Rohit Kumar Singh 11 January 2022 9719 Views

Central Government introduced amendment to Section 75 (12) of the CGST Rules, 2017 by inserting an explanation thereby paving way for recovery of self-assessed tax without having to resort to proceedings u/s 73 or Sec 74 of the Act.