GST Articles

IGST refunds on exports: Extension to correct SB005 error

DEEPAK SETH 22 April 2020 at 12:48

Many Circulars had been issued by Ministries for trade facilitation and as interim measures to help trade adapt and acclimatize to changing requirements in the GST era.

How to file PMT-09 on GST Portal

Shashank kothiyal 22 April 2020 at 11:01

Form PMT-09 allows the transfer of an amount from one head to another head. PMT-09 enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc. that is available in the electronic cash ledger, to the appropriate tax or cess head under IGST, CGST and SGST in the electronic cash ledger.

Summary of recent GST notifications

Ajay Kumar Mundada 22 April 2020 at 10:48

GST Recent Notifications (released on 03-04-2020) Analysis with respect relaxations provided in view of Novel Corona Virus (COVID 19)

GST on Online Information Data Base Access and Retrieval Service (OIDAR)

CA Amit Harkhani 21 April 2020 at 16:46

Online Information Database Access and Retrieval services (hereinafter referred to as OIDAR) is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services.

Will GST be exempt on face masks, PPE Kits, and Sanitisers amidst COVID-19?

Sanchit Aggarwal 21 April 2020 at 11:46

GST on face masks, PPE Kit, santisiers, and ventilators is 5%, 12%, 18%, and 12%. The government has exempted basic custom duty on these products. But GST continues to be levied.

Interview with GST Expert CA Divya Bansal

CA Sudhir Halakhandi 21 April 2020 at 10:10

Meet CA Pooja Bansal who runs her own Youtube channel. Pooja has more than 1.25K Subscribers. She has also authored two books on. Pooja has left no stone unturned in helping people understand GST. Here is an insight into what CA Pooja Bansal does behind the lens.

Electronic Commerce & Electronic Commerce Operator under GST

CA Amit Harkhani 20 April 2020 at 18:18

Electronic Commerce & Electronic Commerce Operator under GST

GST Compensation to States: The Corona Effect

MONISH BHALLA 20 April 2020 at 15:59

The Central government reportedly owes around Rs 30,000-34,000 crore to states as the GST compensation for December 2019 and January 2020. The compensation for December-January was supposed to be released by the second week of February. Many attribute the delay to the Centre's fund crunch due to the economic slowdown.

GST: Whether goods can be detained for allegation of under valuation?

Pradeep Jain 20 April 2020 at 15:59

It is being observed time and again since the implementation of e-way bill mechanism in GST, the goods are being detained for minor discrepancies. However, it was reported recently that the goods were detained even when they were accompanied by valid invoices and e-way bill on the reason of under-valuation.

Condition for claiming refund of unutilised Input Tax Credit(ITC)

Member (Account Deleted) 20 April 2020 at 10:35

The refund of accumulated ITC shall be restricted to the ITC as per those invoices, the details of which are uploaded by the supplier in FORM GSTR-1 and are reflected in the FORM GSTR-2A of the applicant.