GST Articles

Analysis of amendments in GST applicability on renting services of residential dwelling w.e.f. 18th July 2022

Posted by Ishan 18 July 2022 36217 Views

As per Entry 12 of Notification 12/2017- Central Tax Rate dated 28.6.2017, "Services by way of renting of residential dwelling for use as residence" is exempt.

FCM on GTA Services

Posted by Ajay Kumar Maggidi 18 July 2022 8873 Views

Starting W.E.F today, i.e. 18-07-2022, GTA dealers may choose option to discharge the tax under forward charge. Let us have a look at what are the changes and how does it impacts.

Refund under GST and the procedure to claim refund

Posted by Taxblock 16 July 2022 6952 Views

Refunds can be claimed under GST when the taxpayer pays a tax more than he is liable to pay. The process of claiming refund under GST is systemized so that no confusion arises. The whole process of refund is online and they have given some time limit for claiming refund.

Deposit of erroneous refund can claim back as ITC

Posted by CA Pradeep Sharma 16 July 2022 4252 Views

The proper officer, on being satisfied that the full amount of erroneous refund along with applicable interest, as per the provisions of section 50 of the CGST Act, and penalty, wherever applicable, has been paid by the said registered person in FORM GST DRC-03 by way of debit in electronic cash ledger

Changes proposed in disclosure of ITC in Table 4 of GSTR-3B

Posted by CA Akshay Hiregange 15 July 2022 7425 Views

To streamline the disclosures in GSTR-3B across the nation, some changes in the Form have been introduced w.e.f 5th July 2022 vide NN 14/2022-CT along with clarity provided through Circular No. 170/02/2022-GST dated 6th July 2022.

Outward Supply additional disclosures in Form GSTR-3B

Posted by CA Akshay Hiregange 14 July 2022 7976 Views

In order to accommodate new changes in the law and new disclosure requirements, the present GSTR-3B may see some changes soon, as specifically mentioned in the press release of the 47th council meeting. A revised GSTR-3B form may be put up in the public forum for comments and suggestions.

Changes in reporting of input tax credit in GSTR-3B

Posted by Nilesh Mahajan 13 July 2022 15669 Views

Changes in reporting of input tax credit in GSTR-3B [Notification No. 14/2022 - Central Tax dated 5th July 2022 read with Circular No.170/02/2022 dated 6th July 2022]

Refund in case of Duty Free Shops (DFS) at international terminal

Posted by CA Pradeep Sharma 13 July 2022 7041 Views

GST Council 47th meeting also clarify by explaining "Supplies from Duty Free Shops (DFS) at international terminal to outgoing international passengers to be treated as exports by DFS and consequential refund benefit to be available to them on such supplies.

What is GSTN?

Posted by Taxblock 12 July 2022 3529 Views

The Goods and Services Tax Network (GSTN) is a non-profit, non-government organization that provides IT infrastructure and services to the central government, state governments, taxpayers, and other stakeholders.