GST Articles

Purchase & Sale of Forex- Special Valuation under GST

CA Shubham Gupta 22 August 2020 at 10:08

In case of a dealer who is engaged in providing service of exchange of foreign exchange, by converting one currency into another currency at the request of the customer and in return charging a commission for the same.

Aadhaar verification or Physical verification of premises mandatory for GST registration from 21.08.2020

CA Rohit kapoor 22 August 2020 at 10:06

Aadhaar verification or Physical verification of premises mandatory for GST registration from 21.08.2020 as per Notification 62/2020

Proforma Invoice Meaning and Purpose

Ritika Agarwal 21 August 2020 at 11:42

A proforma invoice is a document issued by the seller to the buyer that provides information regarding the description of goods which is yet to be delivered.

Excel Download Table 8A | Details of GSTR-9

CA.KIRANKUMAR R N 20 August 2020 at 18:08

Now you can download the document details from auto-populated from GSTR-2A in Table 8A of GSTR-9 in excel format.

GST E-invoice| FAQs on Signed QR Code

Suhasini 20 August 2020 at 10:53

The IRP will generate a QR code containing the unique IRN (hash) along with some important parameters of invoice and digital signature so that it can be verified by an Offline App

GST Number Search Tool : GSTIN Verification Online

Ritika Agarwal 19 August 2020 at 15:10

The GSTIN Verification tool shows the data from the GST portal to check whether the GST number you searched is a genuine registered number or not. The process to verify is very simple

Whether discount is to be included in value of taxable supply?

Jasmeen Marwah 18 August 2020 at 18:01

Section 15 tells us about the value of taxable supply of good or services, whereas section 15(3) cover the discount part under value of supply.

FAQs on E-Invoice (Electronic Invoicing) in GST

Rohit Kumar Singh 18 August 2020 at 10:14

Recently CBIC issued Notification No 60/2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores. Earlier the said limit for preparing E-Invoice was Rs 100 Crores. The provisions shall come into effect from 1st October, 2020.

Relaxation in due dates for filing GSTR and year end activities to be carried out before 30 Sep 2020

Manasa Reddy Bonam 18 August 2020 at 09:56

Know the various GST Returns to be filed on or before 30/09/2020 and the compliance to be fulfilled before 30/09/2020

GST Impact on Real Estate Industry

Manasa Reddy Bonam 18 August 2020 at 09:54

In the case of Residential House Property, the developer is liable to pay GST under Reverse Charge Mechanism. For units remaining unsold on Completion Certificate (CC) at the rate of 18%.