GST Articles

Sale of Scrap materials: Applicability of GST and TDS

CA S K MISHRA 17 August 2020 at 10:11

The term "Scrap" has not been defined any where in the GST Laws. As such one can derive its meaning as per normal business or commerce parlance.

GST Deadlines that end on 31st August 2020

CA Rahul Mittal 17 August 2020 at 10:07

Many GST compliance deadlines ended to 31st August, 2020. To avoid late fees and penalties, these due dates need to be remembered and file the returns. Let's see which deadline ends on 31st of August, 2020.

Steps to follow after obtaining GST Registration

CA Rahul Mittal 17 August 2020 at 10:04

If the turnover exceeds the threshold limit mentioned in the GST Act, then the person is mandatory to take GST registration. In some cases, people are mandatory to take GST registration like in case of the interstate supply of goods, reverse charge, selling on e-commerce portal, etc.

GSTR-4| Good news for composition dealers

CA Chanchal Jain 13 August 2020 at 09:40

The GST portal has come up with an offline utility of GSTR-4 (Annual Return) which has been made available for use since 06 August 2020.

GST Implications on Bad Debts

CA Amit Harkhani 12 August 2020 at 12:39

In this article we will discuss the GST Implication on Bad Debts. Bad debts are not allowed for the reduction in GST liability.

Concept of Tax Collected at Source(TCS) under GST

CA Santhosh Gupta Kethepalli 12 August 2020 at 09:29

TCS refers to the tax which is collected by the Electronic Commerce Operator when a supplier supplies some goods or services through its portal and the payment for that supply is collected by the Electronic Commerce Operator (ECO)

Can AAR orders be challenged before HC?

CA Shruti Singhal 11 August 2020 at 09:43

As per section 103 of the CGST Act, 2017, the orders of AAR and AAAR are binding on the applicant, unless there is a change in the law, facts or circumstances based on which original advance ruling has been pronounced.

Analysis of arrest provisions under GST

CA Sudhir Halakhandi 10 August 2020 at 10:26

69(1) Where the Commissioner has reasons to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c) or clause (d) of sub-section (1) of section 132 which is punishable under clause (i) or (ii) of sub-section (1), or sub- section (2) of the said section, he may, by order, authorise any officer of central tax to arrest such person.

Composition Scheme under GST- Is it really beneficial?

Lekhraj sood 10 August 2020 at 10:06

Taxpayers eligible for composition scheme opt for it for the reason of lesser GST compliances but miss out on other important factors and consideration which have significant impact on their business.

COVID-19 impact on GST implication on possible business scenarios and solutions

Rohit goel 10 August 2020 at 09:39

Due to the COVID-19 pandemic, the economy of the country has been hit worse than ever and the goal of becoming 5 trillion economy is endangered. As a result of this catastrophe many ambiguities and confusion have propelled up in the industry which require immediate solution otherwise the effects are going to be detrimental.