GST Articles

Non-filing of GST returns restricting independence of taxpayers

Posted by CA Umesh Sharma 10 August 2021 7645 Views

CBIC has decided again to resume the blocking of the EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August 2021 onwards.

GST Annual Return (GSTR-9 & 9C)

Posted by CA Umesh Sharma 06 August 2021 13061 Views

Earlier GST Audit was to be conducted and GSTR-9C was to be certified by a CA, but this requirement has been removed, so the same is to be self-certified by the client along with a reconciliation.

Match & Mismatch of Returns with 26AS, TRACES, GST, MCA, SEBI

Posted by CA Satish Badve 06 August 2021 16585 Views

There is a lot of issue in the matching of Returns with Form 26AS, TRACES, GST, MCA and SEBI. In this article, we discuss this issue and its possible solution for taxpayers and professionals.

Blocking of E-Way Bill (EWB) generation facility to resume after 15th August 2021

Posted by Rohit Kumar Singh 06 August 2021 1651 Views

GSTN had issued an advisory that non filing of GST Returns may lead to blocking of the E-Way Bill facility. This was kept on hold due to the ongoing pandemic and the same is set to return from 15th August 2021.

ITC to be taken as per 2A/2B/Books

Posted by Ashish Miglani 06 August 2021 8765 Views

Input Tax Credit Mechanism is available to you when you are registered as a Taxpayer under the GST Act whether you are a Manufacturer, Supplier, Agent, or E-Commerce Operator etc.

Art of Drafting and Pleadings in GST

Posted by Mr. C SANJEEVA RAO 06 August 2021 2965 Views

Drafting is an art and not a mere skill and that every artist has his/her own way of doing it. Every Tax Professional/Practitioner must know the art of drafting.

New functionality for Aggregate Turnover deployed on GST Portal

Posted by Rohit Kumar Singh 03 August 2021 6579 Views

Taxpayers can now see the exact Annual Aggregate Turnover for the previous FY, instead of just two slabs of above or upto Rs. 5 Cr. They can also see AATO of the current FY based on the returns filed to date.

GST Portal | Functionality to check and update bank account details

Posted by Rohit Kumar Singh 03 August 2021 11708 Views

A functionality to check the status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same has been introduced.

Impact of GST on Automobile Industry

Posted by Rohit agarwal 03 August 2021 8138 Views

Domestic automobile sales increased at 1.29% CAGR from FY16 to FY20, with 21.55 Million vehicles sold in FY20. In April 2021, the production of passenger cars, three-wheelers, and two-wheelers reached 1,875,698 units.

New functionality Deployed on GST Portal - July 2021

Posted by CS Lalit Rajput 03 August 2021 8780 Views

The GST Portal has implemented various new functionalities on the GST Portal, from time to time, for GST stakeholders. Let us discuss the functionalities deployed in July 2021.