GST Articles

GSTR-2B: Key Features of newly launched GSTR-2B

CA Rohit kapoor 31 August 2020 at 10:44

The government has launched form GSTR 2B for the Input Tax Credit. The form will help the government as well as the assessees in matching the input and output of ITC in forms GSTR 3B, GSTR-1, and GSTR 2A, accordingly.

Recent Enhancements on GSTN Portal

Rohit Kumar Singh 31 August 2020 at 10:37

Recently GSTN has rolled out few enhancements on the GSTN portal for the benefit of taxpayers.

Job Work under CGST Act, 2017

CA Santhosh Gupta Kethepalli 31 August 2020 at 09:41

Section 2(68) of the CGST Act, 2017 defines job work to mean as 'any treatment or process undertaken by a person on goods belonging to another registered person'.

Launch of GSTR-2B under GST

Kusum Gandhi 30 August 2020 at 13:12

GSTR-2B is going to be such an auto-drafted ITC statement , which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, GSTR-5 and GSTR-6 .

Joint development agreement and its taxability under provisions of the GST act 2017 & IT act, 1961

FCS Deepak Pratap Singh 28 August 2020 at 10:13

Know the tax implications on Joint Development Agreement under provisions of GST and Income Tax

Key highlights of 41st GST Council meeting

CS Lalit Rajput 28 August 2020 at 10:13

In the 41st GST Council Meeting, the states were given two options to make up for their revenue shortfall amid the Covid-19 pandemic.

Breach of Trust by Government- Notification No 63/2020 Dated 25.08.2020

CA Rohit kapoor 26 August 2020 at 13:02

In 39th GST Council meeting held on 14th March 2020 it was proposed that as a measure for Trade Facilitation Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively).

Debit/Credit Note Under GST

CA Shubham Gupta 25 August 2020 at 16:26

Credit note is issued when issuer owes money to someone (means issuer has to give money to someone). Someone here means the person to whom the Tax Invoice has been issued.