GST Articles

Tax Deducted at Source (TDS) provisions under GST

CA Chanchal Jain 04 August 2020 at 10:09

TDS is the deduction at a specified rate by the deductor. Section 51 of the Central Goods and Services Tax (CGST) Act lays down the provisions of TDS. The section starts with the non-obstante clause.

Works contracts and implications in real estate under GST

FCS Deepak Pratap Singh 03 August 2020 at 10:47

Since GST implementation in Real Estate Sector, various disputes have come to notice of government. We have debated much on definition and applicability of GST on Work Contracts related to Real Estate Sector.

How does one confirm GST applicability on any goods/services?

CA. Heet Shah 03 August 2020 at 10:47

How does one confirm GST applicability on any goods/services?

Life of Capital asset 5% Per Quarter or 60 Months - Analysis of Rule 40(2) & Rule 44(6) of CGST Rule 2017

CA Arun Chhajer 01 August 2020 at 11:00

In CGST Rules, there are two provisions which refer to the Section 18(6) and prescribes the method for calculating the input tax credit for the said purpose. i.e. Rule 40(2) & Rule 44(6)

Non Resident Taxable Person- Tax Implications under GST

CA. Heet Shah 01 August 2020 at 11:00

Section 2(77) of CGST Act defines Non-resident taxable person (NRTP) as any person who occasionally undertakes transactions involving supply of goods /services,..

TCS Mechanism in GST

CA. Heet Shah 01 August 2020 at 11:00

TCS and TDS have some similar and dissimilar features. TDS refers to tax that is deducted when recipient makes some payments under a contract etc.

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.