GST Articles

To include or not interest income in aggregate turnover while determining threshold for GST registration?

Knowledge Ki Pathshala 22 June 2020 at 10:52

Interest on PPF, Bank saving interest, other bank interest for personal FDs etc & Interest on personal advances will not be part of supply.

Taxability of managerial remuneration

CA Amrita Chattopadhyay 22 June 2020 at 10:08

Directors, who are not the Employee of the Company, is the remuneration paid to such independent directors, or those directors, by whatever name called, who are not employees of the said company, is taxable in hands of the company, on RCM

Measures taken in GST Audit while finalizing Books of accounts & preparation of Balance sheet

CA Piyush Agarwal 22 June 2020 at 10:07

It becomes important to understand the legal provisions under GST law while finalizing books of accounts and preparation of Balance Sheet.

GST on Merchant Trade Transaction - Latest Advance Ruling

CA Priyanka Kushwaha 22 June 2020 at 09:57

GST on Merchant Trade Transaction shall be payable on the supply of goods outside India directly through a vendor outside India. No GST payable on goods purchased from vendor located outside India as goods are not brought into India.

GST Returns to file before 30th June 2020

CA Rahul Mittal 22 June 2020 at 09:53

Various due dates of returns and compliances in many laws has been extended. Here are the GST Returns to be filed before 30th June 2020.

Cancellation & Revocation of cancellation of registration under GST

CA Rahul Mittal 19 June 2020 at 13:37

The proper office may cancel the registration on his motion or on an application filed (In Form GST REG 16) by the registered person or his legal heirs, in case of death of such person.

Place of supply in case of transportation of passenger

Jasmeen Marwah 18 June 2020 at 15:56

Place of supply in case of transportation of passenger

Whether GST composition rate of 1% on turnover of goods and 6% on services applicable simultaneously?

Pradeep Jain 18 June 2020 at 11:00

GST update on whether composition rate of 1% on turnover of goods and 6% on services applicable simultaneously? 65/2020-21

GST Refund Clarification Dated 10th June 2020

PRATIK PATEL 17 June 2020 at 11:30

Recently the Central Board of Indirect Tax and Customs (CBIC) has issued a clarification related to Refund of ITC under form GSTR 2A

What is this new ITC-02A enabled on GST Portal?

VAISHALI PARTH AND ASSOCIATES 16 June 2020 at 14:39

ITC-02A is an initiative by which the taxpayer can now transfer the unutilized ITC from one business (Business XYZ) to another business (Business ABC) of him in the same state.