Concept of Pure Agent under GST
Every person once registered is mandatorily required to file the return within the due date as prescribed under the Act whether on a monthly basis or quarterly basis.
Reverse Charge Mechanism is payable on supply of services by a goods transport agency (GTA) in respect of transportation of goods by road
Know the GST compliances to meet in the month of September 2020.
As we all are aware that a month ago Principal Commissioner - GST Policy at CBIC made an announcement about government planning to scrap new returns and decided..
The GST Act contains the provisions with regard to GST registration. Under Section 22, the limits has been prescribed crossing the same, will attract GST registration requirement. Apart from this, individual who are mandatory required to take registration under GST are defined in section 24 of the GST Act.
September 2020 is considered to be a significant month for any Financial Year as it includes major compliances under the Goods & Services Act.
The government has launched form GSTR 2B for the Input Tax Credit. The form will help the government as well as the assessees in matching the input and output of ITC in forms GSTR 3B, GSTR-1, and GSTR 2A, accordingly.
Recently GSTN has rolled out few enhancements on the GSTN portal for the benefit of taxpayers.
Section 2(68) of the CGST Act, 2017 defines job work to mean as 'any treatment or process undertaken by a person on goods belonging to another registered person'.
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)