GST Articles

GST Audit - Applicability and Procedure

Posted by Indira Priyadarsini Kota 09 January 2021 11875 Views

In this article, we discuss all about GST Audit, including the different types of GST Audit, their applicability and the procedure one must follow during the GST Audit.

Process for Aadhaar Authentication or EKYC for Existing Taxpayer

Posted by Rohit Kumar Singh 08 January 2021 9550 Views

GSTN has issued an advisory on 6th Jan 21 for existing taxpayers to complete Aadhaar Authentication or e-KYC. In this article, we discuss the update released on the GST Portal, regarding the same.

Quarterly Return Monthly Payment under GST

Posted by CA Santhosh Gupta Kethepalli 08 January 2021 3493 Views

In this article, we discuss about the Applicability, Features, Registration Procedure, and Return Filing Procedure etc. of the Quarterly Return and Monthly Payment Scheme.

Validity of e-way bill narrowed by increasing distance from 100 km. to 200 km. per day

Posted by Bimal Jain 08 January 2021 6508 Views

The validity of e-way bill under Rule 138(10) of the CGST Rules has been amended, according to which the e-way bill will now be valid for 1 day for every 200 km of travel, as against 100 km earlier.

A Critical Analysis of having TDS and TCS with GST on them

Posted by Akshay Parakh 07 January 2021 13349 Views

What we often ignore while checking our books of accounts is the impact of TDS/TCS under income Tax Act with Goods and Services Tax. In this article, we discuss the same in three subsets.

How to Calculate 5% Provisional ITC in FORM GSTR-3B as per the CGST Rule 36(4)?

Posted by Neethi V. Kannanth 07 January 2021 17930 Views

In this article, we discuss the computation of Provisional ITC in FORM GSTR-3B as per the CGST Rule 36(4) including, computation as per Books of Accounts and GSTR-2B, and claim of balance ITC.

Rule 86B of CGST Rules and its Impact

Posted by Indira Priyadarsini Kota 07 January 2021 14800 Views

Rule 86B has been introduced with an intention to curb unfair practices by traders to avail ITC and stop creating fake invoices to increase the turnover without any financial credibility.

Is Interest not payable if the GST return is filed belatedly but amount is deposited in Cash Ledger within due date?

Posted by Anket Dodya 07 January 2021 5181 Views

In many cases cash ledger was credited within the time, however, filing of return happened belatedly. There are strong reasons why interest should not be levied in such scenarios. Let us understand the legal matrix around this issue.

Transitions in GST rules which are applicable from 01st January 2021

Posted by Mayank Gupta 07 January 2021 2799 Views

With the increase in the number of fraudulent cases, fake invoicing by many concerns, and creation of dummy firms the GST department amends the CGST rules, 2017 that are made effective from 1st January 2021.

All about Quarterly Return Monthly Payment (QRMP) Scheme

Posted by CA Robin Garg 06 January 2021 3716 Views

Quarterly Return Monthly Payment scheme (QRMP) is a scheme to file returns on a quarterly basis but making payments on a monthly basis, which will lead to reducing the burden of return filing compliance.