GST Articles

GSTR-2B [Auto Drafted ITC Statement] effective from January 01, 2021

CA Rohit Maheshwari 23 November 2020 at 16:27

As per Notification number 82/2020 dt. Nov 10, 2020, an auto-drafted statement containing the details of ITC shall be made available to the registered person in FORM GSTR-2B.

Place of supply under GST (Summarized)

CA Hema Pandey 23 November 2020 at 14:48

The procedural requirements in case an inter-state transaction is wrongly treated intra-state or vice-versa, increase. Therefore, determining the place of supply is of paramount importance.

FAQs on TDS under GST [Sec 51 of CGST Act, 2017]

CA S K MISHRA 23 November 2020 at 12:45

The GST Law mandates TDS u/s 51 of the CGST/SGST Act 2017, u/s 20 of the IGST Act, 2017, and u/s 21 of the UTGST Act, 2017. The GST Council also recommended the introduction of TDS from 01.10.2018.

Dealing with Notices- Difference - ST vs. IT returns (AS26)

Madhukar N Hiregange 23 November 2020 at 12:24

The sharing of the income tax returns with the service tax, central excise, and VAT authorities has been a long drawn exercise with the last arrangement agreed in 2015.

New GST Returns: (QRMP) Quarterly Return Monthly Payment Scheme

CS Lalit Rajput 23 November 2020 at 10:00

A registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding FY, is eligible for the QRMP Scheme.

FAQs on GST E-Invoice System - Invoice Registration Portal

shahyar husain 20 November 2020 at 17:48

There are numerous doubts on GST E-Invoice System - Invoice Registration Portal currently, thus the GST Portal has launched some FAQs on the same.

Updates on E-Invoicing and Important Resources issued by GSTN

Rohit Kumar Singh 20 November 2020 at 09:44

From 1st January 2021, the Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards).

Annual Aggregate Turnover Computation Methodology - GST

PANKAJ SHAH 19 November 2020 at 14:24

In this article, we discuss the Computation Methodology for the Annual Aggregate Turnover for taxpayers eligible and liable to file various GST returns.

Digital Synchronisation of Income Tax vis-a-vis GST

Nitin Bhuta 18 November 2020 at 15:29

This article covers the digital synchronization between Income Tax Law and GST Law together with an illustrative table of reconciliations between financial statements.