GST Articles

Non Resident Taxable Person- Tax Implications under GST

CA. Heet Shah 01 August 2020 at 11:00

Section 2(77) of CGST Act defines Non-resident taxable person (NRTP) as any person who occasionally undertakes transactions involving supply of goods /services,..

TCS Mechanism in GST

CA. Heet Shah 01 August 2020 at 11:00

TCS and TDS have some similar and dissimilar features. TDS refers to tax that is deducted when recipient makes some payments under a contract etc.

GST E-Invoicing - Enhancement of Aggregate Turnover to Rs 500 crore

Rohit Kumar Singh 31 July 2020 at 09:40

CBIC has issued Notification No 60/2020 - Central Tax and Notification No 61/2020 - Central Tax Dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores

Can GST ITC be claimed on Medical Insurance?

Sai Ratnakar Annam 28 July 2020 at 17:43

GST ITC can only be claimed for the Medical insurance taken during the period from 15/04/2020 to 17/05/2020

New and Mandatory Return Filing for Composition Dealers

CA Chanchal Jain 27 July 2020 at 10:06

To overcome the confusion between GSTR-4, that is before 01-04-2019 it was compliance to be made by taxpayer quarterly registered under composition levy, i.e. u/s 10 of CGST Act.

Government dumps new system of GST Returns, to continue with the existing system

CA Shubhi Khandelwal 24 July 2020 at 17:15

Government dumps new system of GST Returns, to continue with the existing Return System

Revocation of Cancellation of Registration under GST- Challenges to overcome

Praveen Sharma 24 July 2020 at 16:42

CBIC through Removal of Difficulty Order No. 01/2020-Central Tax dated 25.06.2020 seeks to extend the time limit for filing an application for revocation of cancellation of registration for specified taxpayers. However, GSTN hasn’t started the process on the common portal.