GST Articles

Changes in GST Rates on Goods w.e.f October 01, 2021

Posted by Bimal Jain 07 October 2021 9738 Views

CBIC has further amended Notification No. 01/2017-Central Tax (Rate) dated June 28, 2017, as amended from time to time, in order to adhere to the recommendations of the 45th GST Council Meeting.

Changes in GST Rates on Services w.e.f October 01, 2021

Posted by Bimal Jain 07 October 2021 18441 Views

CBIC has further amended Notification No. 11/2017-Central Tax (Rate) dated June 28, 2017 ("Services rate notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.

GST Services exempted w.e.f October 1, 2021

Posted by Bimal Jain 07 October 2021 45973 Views

CBIC has further amended Notification No. 12/2017-Central Tax (Rate) dated June 28, 2017 ("Services exemption notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.

Industry wise analysis of GST rate notifications applicable from 1st Oct 21

Posted by Vivek Jalan 07 October 2021 10350 Views

CBIC has issued Notification No's 06/2021 - Central Tax (Rate) to 12/2021 - Central Tax (Rate) to give effect to changes recommended in the rate of goods and services by the 45th Council Meet.

Changes in GST rates of various goods and services

Posted by CA Umesh Sharma 06 October 2021 5425 Views

CBIC has issued Notification No.06/2021–Central Tax (Rate) to Notification No.12/2021–Central Tax (Rate) to amend the existing notifications which will be effective from 1st October 2021.

What is Mismatch under GST and How to arrive at Mismatches?

Posted by Taxblock 30 September 2021 8438 Views

Mismatch in context of GST refers to the amount of disparity disclosed in GSTR 3B with the details given in GSTR 2B along with GSTR 2A. GSTR 3B is the consolidated form of monthly returns that contains details of total inward supply, outward supply, input tax availed, tax paid, and tax collected made by a registered person during a year.

Inverted Duty Structure Refund and who can avail it under GST

Posted by Taxblock 29 September 2021 3377 Views

Inverted Duty structure is the condition where tax rate payable on inputs is higher than tax rate charged on output of sales.

A Guide to ITC under GST

Posted by Taxblock 29 September 2021 4208 Views

According to Section 2(62) of CGST Act, Input tax credit means “Central Tax (CGST), State tax, Integrated Tax (IGST), union tax (UTGST) charged on supply of goods or services or both

What is e-invoicing and which all businesses are required to generate e-invoicing?

Posted by Taxblock 29 September 2021 3118 Views

The e-invoicing was introduced on 1st October 2020, for tax payers with an aggregate turnover exceeding Rs. 500 crore. This was also extended on businesses from 1st January 2021 whose aggregate turnover is exceeding Rs. 100 crore.

GST department not allowed to collect any tax/ interest/ penalty without issuance of notice u/s 74(1)

Posted by Taxblock 29 September 2021 15635 Views

Telangana High Court gave a decision in the case of Deem Distributors Private Ltd Vs Union of India, in which the GST department will not be allowed to collect any Tax/Interest/Penalty without the issuance of notice under section 74(1) of the Goods and Service Tax Act, 2017.