GST Articles

FAQs on GSTR-4 Form (Annual Return)

CA.KIRANKUMAR R N 22 July 2020 at 10:02

orm GSTR-4 (Annual) is annual return which all Composition Taxpayers are required to file a return on annual basis after the end of the Financial Year which was rolled out from 01-04-2019.

Taxability of service provided to foreign client of principal located in India

Pradeep Jain 21 July 2020 at 09:28

For export of service, the provider should be in India and recipient outside India. But when they have clearly said that recipient is Indian company then it is clear that it will not be termed as export of service.

Time of supply of Goods & Services

Jasmeen Marwah 21 July 2020 at 09:27

Time of supply means that time at which we consider our goods/services to be supplied. Once goods/services are considered supply GST shall be charged on them. Time of supply means date on which our liability arises to pay GST.

How will sanitizers disinfect the germs of confusion under GST?

CA Umesh Sharma 21 July 2020 at 09:26

As we all are fighting with the coronavirus, and alcohol-based hand sanitizers being a major weapon in this war, there is still confusion on GST rate to be charged on the same. The manufactures and GST officers are having an argument, whether it should be charged at 12% or 18%.

The never ending story of GST transitional credit

Pradeep Jain 18 July 2020 at 14:59

The dispute regarding transitional credit in the GST regime has not resolved even after 3 years of the implementation of GST and God knows when this story would end

Value of Taxable Supply under GST

CA Amit Harkhani 17 July 2020 at 11:28

The value of a taxable supply of goods or services or both shall be the "TRANSACTION VALUE". Transaction Value is a combination of three elements.

Non-Applicability of GST on Membership Subscription and Admission fee

Dilip K Raina 15 July 2020 at 10:07

The amount collected as membership subscription and admission fee from members is not liable to GST as a supply of services

GST on Director Remuneration

CA Amit Harkhani 14 July 2020 at 12:36

Directors who are not the employees of the said company, the services provided by them to the Company, in lieu of remuneration as the consideration for the said services, are clearly outside the scope of Schedule III of the CGST Act and are therefore taxable.

GST Implications on gifts and free samples

CA Pratik Patel 14 July 2020 at 10:54

Know GST implications on the supply of Gifts, free samples, and buy one, get one free supplies.

No ITC on project development services for immovable property construction

Pradeep Jain 13 July 2020 at 14:31

Construction services/works contract have always faced the wrath of lawmakers as far as credit is concerned under CENVAT rules. The same plight continues under ..