GST Articles

Updates on E-Invoicing and Important Resources issued by GSTN

Rohit Kumar Singh 20 November 2020 at 09:44

From 1st January 2021, the Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards).

Annual Aggregate Turnover Computation Methodology - GST

PANKAJ SHAH 19 November 2020 at 14:24

In this article, we discuss the Computation Methodology for the Annual Aggregate Turnover for taxpayers eligible and liable to file various GST returns.

Digital Synchronisation of Income Tax vis-a-vis GST

Nitin Bhuta 18 November 2020 at 15:29

This article covers the digital synchronization between Income Tax Law and GST Law together with an illustrative table of reconciliations between financial statements.

GST Quarterly Return and Monthly Payment Scheme

Rohit Kumar Singh 18 November 2020 at 11:27

The article attempts to discuss in detail the proposed Quarterly Return Monthly Payment Scheme as outlined by the recent Circular and Notifications.

Exports of Goods or Services - Lots of complex issues in GST law!!

Bimal Jain 18 November 2020 at 11:27

To partner your journey of GST learning in the areas of exports, imports, deemed exports, merchant exports, inverted duty structure (including refunds), A2Z Academy (through Mr. Bimal Jain, nationally renowned GST expert) is going live again from November 21, 2020.

Recent Updates on the GST Portal and Due Date Compliances - November 2020

Shweta 17 November 2020 at 10:49

Know all the recent developments on the GST Portal including Updates and Notifications together with the GST Due Date Compliance Calendar for the month of November 2020.

All about the Quarterly Return Monthly Payment Scheme

Rajat Soni 17 November 2020 at 10:08

A registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding financial year, is eligible for the QRMP Scheme.

Recent changes in GST Returns and Payments

Lekhraj sood 16 November 2020 at 10:25

CBIC has introduced a new scheme known as ‘Quarterly Return and monthly payment" for the small taxpayers whose aggregate turnover does not exceed Rs. 5.00 cr.

How to Report TCS under Income Tax in GSTR1?

Lekhraj sood 16 November 2020 at 10:25

TCS u/s 206C(1H) has been implemented from 1.10.2020. However, a question is arising as to how this TCS in the Tax invoice should be reported in GSTR1 under GST.

Understanding the Quarterly Return Monthly Payment Scheme with Practical Illustrations - The New GST Diwali Bonanza

Mayank Mohanka 16 November 2020 at 10:25

In this Article, the practicalities and nitty-gritty of the new Quarterly Return Monthly Payment (QRMP) Scheme are being decoded and explained with the help of practical illustrations.