GST Articles

Returns under GST

CA Satish Kumar 21 September 2020 at 10:07

The concept of returns under GST saw magnanimous launch 3 years ago in 2017 fumbled all it’s way throughout and landed on a seemingly middle ground abridged version of return filing which was originally considered only as a makeshift mechanism and unfortunately became the only functional modus.

Saga of Interest Provision under GST - To be paid on the Net liability

CA Satish Kumar 18 September 2020 at 08:54

But the moot question that came was whether this interest has to be paid on Gross liability or net liability paid in cash.

Consolidated debit/credit note enabled on GST Portal

Lekhraj sood 16 September 2020 at 09:38

Consequent to amendment to section 34 of CGST Act,2017 through CGST (Amendment) Act, 2018 which was made effective from February 1, 2019 , one credit note can be issued against one or more relevant tax invoices.

No GST payable on recoveries from employees towards transport facility

Lekhraj sood 15 September 2020 at 17:04

AAR Maharashtra vide its order GST-ARA-23/2019-20/B-46 dated AUGUST 25, 2020 in the case of Tata Motors Limited rules that no GST is payable by the applicant on the nominal amounts recovered from its employees for availing transportation service for commuting to office in view of the fact that this transaction is not a supply as being covered under Schedule III of the CGST Act.

ITC on Lift available or not under GST?

ca.sanjeev kumar 15 September 2020 at 16:34

The applicant in the instant case shall not be entitled to avail input tax credit of tax paid on procuring the lift to be installed in the hotel building which in turn is intended to be used for providing taxable service, in terms of section 17(5)(d) of the CGST Act 2017.

How To Cancel GST Registration?

Praveen Singh 15 September 2020 at 09:09

Taxpayers who have already registered under the GST Act can apply for cancellation of GST registration any time if they think they should close their business or in case any situation arises. Once the registration is cancelled it is no longer required to pay tax or collect tax from ordinary people.