GST Articles

Union Budget 2021 | Amendment proposed in CGST & IGST Act, 2017 and its Impact on professionals and Taxpayer

CA Niyati Soni 04 February 2021 at 10:40

Amendment proposed in CGST & IGST Act, 2017 as per the Union Budget 2021, and its Impact on professionals and Taxpayers of the country.

Rule 86B under GST | Restriction on Utilisation of ITC in Electronic Credit Ledger

CA Amit Harkhani 02 February 2021 at 09:12

The ITC available in the electronic credit ledger could always be fully utilised for discharging the output tax liability. The new Rule 86B has limited the use of ITC balance for paying its output tax liability.

An Overview of GST QRMP Scheme

Susmita Dutta, CA , CPA 02 February 2021 at 08:52

The QRMP Scheme states that a GST registered person, whose turnover is less than 5 crore rupees, is eligible to file the return on a quarterly basis, but has to make the payment on a monthly basis.

All About Reverse Charge Mechanism under GST

CA. Ankit Chandrakar 01 February 2021 at 09:32

As per Section 2(98) of the Act,"reverse charge" means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services

Power of arrest under GST

CA Shubham Gupta 31 January 2021 at 20:05

The Commissioner is vested with the power to authorize, by an order, any Officer of the central tax to arrest a person, where he has reasons to believe that such person has committed the offences

Cancellation of Registration under GST

Prachi Bansal 30 January 2021 at 11:39

The registration done with the GST Council can be cancelled by the department itself or it can also be cancelled by the individual having their own reasons.

TDS Under Goods and Services Tax

Shubham Kishanpuria 30 January 2021 at 09:56

We all are familiar with the word TDS (Tax Deducted at Source) in relation to Direct Tax, but few people are aware that similar term exists in Indirect Tax also.

Procedure Of GST Registration By Insolvency Professional & Related Queries

Shweta 28 January 2021 at 17:30

The government recently brought Circular No. 134/04/2020 & 138/08/2020 and in doing so introduced some clarifications concerning the Procedure Of GST Registration By Insolvency Professional.

All you need to know about QRMP Scheme

CA Amit Harkhani 28 January 2021 at 16:39

Discussing the Eligibility, Exercising Option, Details of Outward Supplies, Payment of Tax, GSTR-3B Filing and Applicability of interest and late fee w.r.t the QRMP Scheme.