GST Articles

Exempted Supply in light of Composite Supply

Chandani Nawalkha 04 November 2020 at 17:11

As a principle, exemptions are extended in tax statues to grant relief or ease the burden of consumers keeping in view the interest of the general public at large.

Due Date Compliance Calendar for the month of November 2020

Shweta 03 November 2020 at 10:19

Given in this article, is the Tax Compliance Calendar for Nov 2020 so that you don’t miss out on the important due dates for GST, Income Tax filing, ESI, PF, and Professional Tax Payment.

Is ITC available on wires laid for transmission of electricity by business houses?

Raghav Rathi 02 November 2020 at 11:44

The ITC for the wires/towers laid for the transmission of the electricity is available u/s 16 of the CGST Act, 2017 but is blocked under clause (d) of Section 17(5) of the CGST Act, 2017.

Discussion On ITC Of Diwali Gifts

CA Rahul Mittal 29 October 2020 at 16:33

An analysis of whether Input Tax Credit will be available on the purchase of Diwali gifts? Discussing two scenarios.

FAQs on Filing NIL Form GSTR-3B through SMS

Aishna Kukreja 28 October 2020 at 12:55

If a registered person has to file a NIL return in FORM GSTR-3B then he can file these returns through SMS. The GST department released various FAQs on this. The same are listed here.

FAQs on Filing NIL Form GST CMP-08 through SMS

Aishna Kukreja 27 October 2020 at 13:29

The NIL Form GST CMP-08 is to be filed quarterly by Composition Taxpayers. The same can also be filed via SMS. Here are some FAQs on Filing the NIL form CMP-08 via SMS.

Refund under the GST regime

Chandani Nawalkha 27 October 2020 at 09:58

Under the GST regime, the cases of refund are summarized in this article and are mostly governed by Section 54 of CGST Act, 2017 and Rules 89/96 of CGST Rules, 2007.

Dussehra gift of date extension, but what about Diwali gift of ITC?

CA Umesh Sharma 27 October 2020 at 09:58

Due to the COVID-19 pandemic, various taxpayers are facing issues while claiming ITC. Thus, three important recommendations have been made by 53 GST and Trade Associations regarding this.

GST Portal Issues - Did you also face a technical failure while filing GSTR-3B for September 2020?

Aishna Kukreja 22 October 2020 at 10:04

The GST Portal experienced a major technical failure when users were filing their GSTR-3B return for Sept 2020. However, is there a reason for it? What lies ahead for the taxpayers? Is a technical failure of this magnitude justified?