GST Articles

Pros and Cons of exports with or without payment of Tax

Pradeep Jain 27 May 2020 at 10:56

Know the pros and cons of exporting under LUT and with payment of tax. This update will surely help all the taxpayers in deciding what would be more advantageous taking into consideration the factors like refund sanctioning, compliance requirements etc.

Legal compliance for business through E-commerce Operator (ECO)

MOHIT JAIN 27 May 2020 at 10:10

In this article, we would highlight the important aspects under the Goods & Service Tax Act, 2017 (GST Legislation) and Income Tax Act, 1961, in connection with online sale through ECO.

Issues of GST ITC in Lockdown of Business

CA Umesh Sharma 26 May 2020 at 09:50

Is ITC eligible on expenses made for employee's health safety? The lockdown has promoted the Work from home Culture. Is ITC eligible for such expenses? Read what Krishna has reply to these queried posed by Arjuna

GST Implications on Gift and Business Promotional Expenditure

Safder Alam 26 May 2020 at 09:49

Person in Trade and Industries are in the fix regarding availability of Input Tax Credit(hereinafter referred to as "ITC") on certain type of Business promotion expenditure. Such expenditures are necessary to boost the sale of service. and before we proceed further let us look into certain sections/clauses/terms and conditions.

Calamity Cess on GST: A plan to tide over COVID Crisis

Anshu Gupta (CA-Final) 25 May 2020 at 17:20

There are powers granted under Article 279A(4)(f) of the constitution, the GST Council can levy a special tax during any natural calamity or disaster. In order to raise additional revenue from GST, central government was considering imposing a Calamity Cess on GST @ 1% to tide over the economic crisis.

Definition of Audit under GST

CA. Nirmeet Shah 25 May 2020 at 10:08

Audit under GST means an examination of returns, records, and other documents maintained or furnished by the registered person under the GST Act.

GST Update on applicability of unjust enrichment on refund of interest

Pradeep Jain 22 May 2020 at 12:46

GST Update on applicability of unjust enrichment on refund of interest

Transitional credit claims of past- Disentitled now under GST?

CA Venkatprasad Pasupuleti 22 May 2020 at 11:42

GST laws contain Transitional provisions inter alia Section 140 of CGST Act, 2017 (similar provisions in State GST laws) enables the taxpayer to carry forward the unutilized input credit under the pre-GST regime and allow the credit of taxes paid on the stock as on 30.06.2017 as GST credit.

GST Update on e-Sanchit for paperless processing

Pradeep Jain 21 May 2020 at 10:25

GST Update on e-Sanchit for paperless processing

Input Tax Credit for Real Estate Sector

Parth Shah 20 May 2020 at 10:00

Now moving back to our Topic of INPUT TAX CREDIT for Real E-State Sector, which is one of the most important aspect after introduction of Goods and Services Tax Act, to calculate 'Eligible Input Tax Credit'.