GST Articles

CBIC issued new guidelines for GST refunds

Posted by Ajay Kumar Maggidi 20 June 2022 15062 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 27703 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 9069 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 38387 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 21613 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 4321 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...

GST Notices & Possible Solutions

Posted by CA Akshay Hiregange 10 June 2022 12888 Views

In this article we would be discussing how to manage the recent barrage of notices, and the possible actions and activities one may take up to resolve the problem being faced across the GST taxpayer community.

Key Judgments: Goods in transit, Variants of advances, Corpus Fund

Posted by CA. Heet Shah 09 June 2022 3436 Views

Once supply is made it is crucial to determine the Time of supply "event triggering the liability". Therefore it is of utmost importance to understand the time of supply which is provided in Section 12/13/14 of CGST Act,2017 and section 20 of IGST Act,2017.