GST Articles
Time, Value & Place of Taxable Supply
WHY IT IS IMPORTANT TO KNOW TIME, VALUE AND PLACE OF SUPPLY?
Whether Payment for Supplies can be made by Book Adjustments for availing ITC
There has been a confusion among the dealers whether the consideration for supplies can be paid by book adjustments under GST Act. In many businesses, the dealers buy and sell goods or services from one another for which they don’t make payment in cash rather they adjust the book entries for such purchases and sales.
Financial Statements under Indirect Taxes
Interpreting and analyzing Financial Statements by keeping in mind GST, Customs, FTP rules and regulations, helps to focus on critical areas, reduces costs and results in client satisfaction.
ITC on Works Contract Service and Construction of Immovable Property
Under GST law before taking credit of input tax the important test is the business nexus test where we have to check that input is used or intended to be used in the course or furtherance of business.
New battleground in GST: Cross Charge between Head Office & Branch Office
New battleground in GST: Crossc charge between head office & branch office
Summary of TDS provisions in GST
TDS is to be deducted at the rate of 2% on payments made to the supplier of taxable goods/services, where the total value of such supply, under an individual contract, exceeds Rs. 2,50,000.
Covid-19 Relief Measures for Taxpayers under GST law
The author in this article has summarised the Covid -19 relief measures under GST for the taxpayers
CBIC extends GST Return Due Dates, Waives Late fee for GSTR-3B
Amidst the second wave of covid-19 pandemic throughout the country and complete/partial lockdown already in force in most parts of the country, CBIC comes out with another set of midnight notifications to provide relief to the taxpayers for various GST compliance/returns.
Person liable for Obtaining GST registration
Every supplier shall be liable to be registered under the GST Act in the State or UT, from where they make a supply of goods or services if their aggregate turnover in a FY exceeds the prescribed limits.
Works Contract And Implications For Roads Or Highways
GST on payment made through toll charges or annuity payment by NHAI to the concessioner are exempt from GST and the Input Tax paid by the private operators will be available to them as Input Tax Credit.
Popular Articles
- Individual Income Tax Return Filing Due Dates for FY 2025-26 (AY 2026-27)
- Due Date Extended: Check Which Return Filing Gets More Time?
- New Column in ITR For AY 2026-27: "Receipts Not in Nature of Income" - What Is It?
- Section 44ADA of the Income Tax Act: Latest Rules and Questions Every Professional Asks
- PNB FD Interest Rates 2026 for 444 days: Maximize Your Returns Without a Long Lock-In
- AIS Income Tax Transactions: What to Report and What to Skip in AY 2026-27?
- Pensioner ITR for AY 2026-27: Guide to Reporting Pension Income and Claiming Your Tax Refund
- ITR Processing Time 2026: Know How Long Will It Take and What Each Status Message Means
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
