GST Articles

Whether tax paid on intra-state inward supply in one state can be used to pay output tax liability in another state

CA Amit Harkhani 25 February 2021 at 09:58

A combined reading of Section 16(1) of CGST Act, 2017 and definitions it is concluded that registered persons can avail ITC (IGST & CGST & SGST) u/s 16(1) of CGST Act, 2017 and not separately under respective Acts.

GST Charcha on Union Budget 2021: Amendments proposed in Section 74, 107, 151, 152 and 168 of the CGST Act, 2017

Bimal Jain 24 February 2021 at 17:24

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 104, 107, 110, 111 and 112 of the Finance Bill, 2021 with respect to amendments in Section 74, 107, 151, 152 and 168 of the CGST Act.

Latest GST updates and Notifications - January 2021

CA NISHANK JAIN 24 February 2021 at 11:58

Discussing the latest updates w.r.t GST as issued under various circulars by CBIC, including due date compliances for the upcoming months, and facilities made available on the GST Portal.

Interest on PPF, Personal Loan, Saving Bank Account To Be Included In Aggregate Turnover For GST Registration

Ranvir Sinh ParMar 24 February 2021 at 09:57

An applicant is required to aggregate the value of exempted interest income earned for the purpose of calculating the threshold limit of Rs. 20.00 Lakh for obtaining registration under GST law.

How to Calculate Common Credit (ITC) under GST?

Ritik Chopra 23 February 2021 at 09:51

Rule 42 of the CGST Rules provides the methodology for apportionment of ITC on inputs and input services and reversal of ineligible credit. Discussing steps involved in calculating Common Credit under GST.

Amendments proposed in Section 129 and 130 of the CGST Act, 2017

Bimal Jain 23 February 2021 at 09:48

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 108 and 109 of the Finance Bill, 2021 with respect to amendments in Section 129 and 130 of the CGST Act.

Departmental GST Audit Process - Key Highlights

CS Lalit Rajput 22 February 2021 at 13:08

Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. Know all about the Key Highlights of Departmental GST Audit.

Recovery of self-assessed tax

Bimal Jain 22 February 2021 at 11:00

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 105 of the Finance Bill, 2021 with respect to recovery of self- assessed tax.

Can GST department provisionally attach Property/Bank Account of any Person?

Bimal Jain 22 February 2021 at 10:59

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 106 of the Finance Bill, 2021 with respect to provisional attachment of property/bank account.

Way out, to find out Bogus Taxpayers

CA Umesh Sharma 22 February 2021 at 09:53

More transparency has been brought into the GST System by introducing the "Know Your Supplier" facility. This facility will help in reducing the non-compliance by the suppliers as if any supplier has defaulted in filing his returns, it will be shown on the portal.