GST Articles

GST E-Invoicing - Enhancement of Aggregate Turnover to Rs 500 crore

Rohit Kumar Singh 31 July 2020 at 09:40

CBIC has issued Notification No 60/2020 - Central Tax and Notification No 61/2020 - Central Tax Dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores

Can GST ITC be claimed on Medical Insurance?

Sai Ratnakar Annam 28 July 2020 at 17:43

GST ITC can only be claimed for the Medical insurance taken during the period from 15/04/2020 to 17/05/2020

New and Mandatory Return Filing for Composition Dealers

CA Chanchal Jain 27 July 2020 at 10:06

To overcome the confusion between GSTR-4, that is before 01-04-2019 it was compliance to be made by taxpayer quarterly registered under composition levy, i.e. u/s 10 of CGST Act.

Government dumps new system of GST Returns, to continue with the existing system

CA Shubhi Khandelwal 24 July 2020 at 17:15

Government dumps new system of GST Returns, to continue with the existing Return System

Revocation of Cancellation of Registration under GST- Challenges to overcome

Praveen Sharma 24 July 2020 at 16:42

CBIC through Removal of Difficulty Order No. 01/2020-Central Tax dated 25.06.2020 seeks to extend the time limit for filing an application for revocation of cancellation of registration for specified taxpayers. However, GSTN hasn’t started the process on the common portal.

Know your GST State Code

Ritika Agarwal 24 July 2020 at 13:16

GST State Code is a code in the GST system, each state is allotted with a two-digit numerical code which will help to identify the business entity.

Equalisation Levy- Impact of Finance Act 2020

CA Harshal Sevak 24 July 2020 at 09:27

Equalisation levy was initially brought to impose tax on online advertisement including provision of digital advertising space on certain entities which did not have any physical presence in India but which earned revenue from Indian advertisers.

FAQs on GST returns related to COVID-19 relaxation

CA Rashmi B 23 July 2020 at 16:58

Due to the ongoing pandemic considering the difficulties for the taxpayers, various relaxations for the taxpayers were provided by the GST council.

What is E way bill under GST?

CA Santhosh Gupta Kethepalli 23 July 2020 at 09:51

E Way Bill is Mandatory in a case where the goods are being sent by a Principal located in one state to a Job worker located in any other state, the E Way Bill shall be generated by the principal irrespective of the value of the Consignment.