GST Articles

Delhi HC allows rectification of GSTR-3B in the month to which the mistake relates

PARUL 15 May 2020 at 10:27

The Delhi HC in the matter of Bharti Airtel Ltd vs UOI, allowed the rectification of mistakes in GSTR 3B in the same month to which the mistake pertains reading down para 4 of Circular No. 26/26/2017-GST which restricted it to the month of actual finding of mistake.

Salary from company is part of Aggregate Turnover for GST threshold?

ca.sanjeev kumar 15 May 2020 at 10:27

Partner's salary, income from salary from Company and various other income interest on Loan and deposit, Interest on debenture, rent on commercial building, rent on residential unit and Capital Gain on Shares will be added for Aggregate turnover In GST for computing threshold limit of Rs,. 20 Lacs or 40 Lacs.

Have complications of works contract resolved under GST?

Tanya gupta 15 May 2020 at 09:47

One of the most disputed or major areas of concern for both taxpayers and authorities in the earlier regime was "works contract".Earlier this was the tricky area because it was taxed under both VAT and service tax as a good and service respectively and also a works contract tax used to be levied.

Rule 36(4) Cannot Restrict Or Disallow The ITC Claimed By Assessee

Mukesh Kuriyal 14 May 2020 at 10:10

Input Tax Credit To Be Availed By A Registered Person In Respect Of Invoices Or Debit Notes, The Details Of Which Have Not Been Uploaded By The Suppliers Under Sub-Section (1) Of Section 37, Shall Not Exceed 20 Per Cent

Does cash underlying in electronic cash ledger amounts to payment of tax under GST?

Pradeep Jain 13 May 2020 at 13:47

Whether cash underlying in electronic cash ledger amounts to payment of tax without fulfilling any offsetting requirement?

Precautions to be taken while responding to a notice under GST

CA Venkatprasad Pasupuleti 13 May 2020 at 10:15

On receipt of Notice, before responding to any notice or any other communication, the taxpayer must ensure whether the notice is issued the jurisdictional proper officer?

Is Denial of refund of ITC not reflected in GSTR-2A valid?

CA Venkatprasad Pasupuleti 13 May 2020 at 10:15

The Rule 36(4) prescribed that ITC shall be entitled to the extent of the invoices uploaded by the suppliers and gives another 10% of the matched ITC in addition to the matched ITC.

No GST payable on director's salary: Advance Ruling

MARIES 12 May 2020 at 09:28

As rightly held by the AAR, Karnataka in the subject case, an Executive Director, who normally holds the managerial position and involves in day to day activities, is an Employee of the Company and thus GST is not applicable on remuneration paid to such Executive Director.

How to reply to a Show Cause Notice in GST?

Mr. C SANJEEVA RAO 11 May 2020 at 10:56

Show Cause Notice is the first stage of litigation under any fiscal laws. While venturing to draft a reply to the show cause notice, three components should bear in mind which is Analysis of Show Cause Notice;Evidence or information and Grounds to issue Show Cause Notice; and Identifying the missing points in the Show Cause Notice.

GST Implications on Real Estate Sector

Parth Shah 09 May 2020 at 15:30

In this article, I am discussing on the applicable rate of GST on different services boxed under Real Estate mentioning the reference of relevant provision.