GST Articles

Inverted Duty Structure Refund and who can avail it under GST

Posted by Taxblock 29 September 2021 3379 Views

Inverted Duty structure is the condition where tax rate payable on inputs is higher than tax rate charged on output of sales.

A Guide to ITC under GST

Posted by Taxblock 29 September 2021 4211 Views

According to Section 2(62) of CGST Act, Input tax credit means “Central Tax (CGST), State tax, Integrated Tax (IGST), union tax (UTGST) charged on supply of goods or services or both

What is e-invoicing and which all businesses are required to generate e-invoicing?

Posted by Taxblock 29 September 2021 3119 Views

The e-invoicing was introduced on 1st October 2020, for tax payers with an aggregate turnover exceeding Rs. 500 crore. This was also extended on businesses from 1st January 2021 whose aggregate turnover is exceeding Rs. 100 crore.

GST department not allowed to collect any tax/ interest/ penalty without issuance of notice u/s 74(1)

Posted by Taxblock 29 September 2021 15636 Views

Telangana High Court gave a decision in the case of Deem Distributors Private Ltd Vs Union of India, in which the GST department will not be allowed to collect any Tax/Interest/Penalty without the issuance of notice under section 74(1) of the Goods and Service Tax Act, 2017.

ITC on CSR activity: The new battleground?

Posted by Abhishek Raja 25 September 2021 13625 Views

The contribution of companies to fight the spread of the coronavirus would be considered CSR spending as per the Companies Act. Let us understand the applicability of GST provisions on the same.

Specific Compliances under GST- Real Estate Sector

Posted by CA Monika Motta 25 September 2021 9088 Views

In order to run a business smoothly without having any penal consequences, the taxpayers are required to comply with certain procedural requirements and discharge tax liabilities within the stipulated time.

ITC related compliance as on 31st March 2021

Posted by Bimal Jain 20 September 2021 3759 Views

In this article, we have discussed about the ITC compliances and procedure that has to be followed by the registered taxpayers under the provisions of the GST Law as on March 31, 2021.

GST compliances as on April 1, 2021

Posted by Bimal Jain 18 September 2021 15744 Views

In this article, we have discussed about the compliances that have to be complied by the registered taxpayers under the provisions of the GST Law as on April 1, 2021.

45th GST Council Meeting - Key matters to be discussed on 17.09.2021

Posted by CS Lalit Rajput 17 September 2021 3822 Views

The 45th GST Council meeting is scheduled to be held on September 17, 2021 at Lucknow. This will be a significant meeting. This is the first physical meeting after a long time.

How to Explain GST to Your Friends: The Ultimate Guide

Posted by rumpa gupta 13 September 2021 7818 Views

The Goods and Services Tax Council has set up a four-tier tax structure. The rates are 5%, 12%, 18%, and 28%, which means that the total tax burden on the product is likely to be around 18%.