GST Articles

Fictitious firms under GST: Busting the Racket

Posted by Vaibhav Rai 18 June 2021 4486 Views

The most well-engineered fraud which is being committed by the miscreants is the fraudulent availment and transfer of ITC by way of creating fictitious firms, the cases of which have almost reached the ceiling by now.

Did you know all about e-way bill concept and related provision under GST?

Posted by CAJayprakash Pandey 18 June 2021 9721 Views

An E-Way Bill is required for the movement of goods. It helps to identify the movement of goods at every state and thus helps prevent tax evasion (If the bill is not accounted for either by the seller or buyer).

Ultimate Revelation Of The GST Software Industry

Posted by Aftab Vasiwala 18 June 2021 1562 Views

GST software automates the return generation and provides single login for all the GSTINs and offers extensive support which is reduced to the return filing time.

Comparison of GSTR-3B vs GSTR-1

Posted by shahyar husain 16 June 2021 23939 Views

It is very necessary to understand the difference between GSTR-3B and GSTR-1 for every tax payer to avoid any demand notice from the tax authorities or any othe...

44th GST Council Meeting highlights dated 12th June 2021

Posted by CS Lalit Rajput 15 June 2021 8298 Views

The 44th GST Council met on 12th June 2021 to reduce the GST rates on the specified items being used in Covid-19 relief and management like hand sanitisers, face masks, gloves, PPE Kits, temperature scanners etc.

Decoding GST on Cryptocurrency

Posted by Vaibhav Singh 12 June 2021 5434 Views

Buying and selling of cryptocurrencies will be considered under the category of supply of goods. Other related facilitating transactions will be counted under services and these would include supply, transfer, storage, and accounting etc.

Datewise Analysis of GST Notifications 19 & 20

Posted by CA. Heet Shah 12 June 2021 5054 Views

CBIC has issued few notifications in which they have provided relaxation to the taxpayers who have failed to file GSTR from July 2017 to April 2021. Discussing the same in this article.

Allowability of ITC to the Landowner before the Completion Certificate

Posted by Prashanth Reddy Yalala 12 June 2021 8917 Views

Discussing the allowability of credit of taxes paid by a developer to the landowner notified through Notification No. 2/2021 & 3/2021 Central Tax (Rate) dated 02-06-2021.

GST Compliance Relaxation pursuant to GST Council Recommendations

Posted by Rohit Kumar Singh 08 June 2021 2029 Views

Pursuant to the GST Council recommendations in their 43rd meeting, CBIC has issued a series of notifications relaxing the GST compliance requirements. Same has been summarised here.

Blocking and Unblocking of ITC - A Welcome Circular

Posted by Lekhraj sood 08 June 2021 17186 Views

A Welcome Circular that amends the conditions of use of amount available in the electronic credit ledger as per Rule 86A of the Central Goods and Services Tax (CGST) Rules, 2017.