GST Articles

Recent notifications issued under GST

Ajay 25 June 2020 at 10:56

CBIC notifies extended due dates to for GST Return and late fees

Goods purchased and supplied outside India

ca.sanjeev kumar 24 June 2020 at 10:17

GST is not payable on goods procured from vendors outside India, where the goods so purchased are not brought down into India.

Levy of GST on sale of developed plots

Pradeep Jain 24 June 2020 at 10:09

The levy of GST on development charges is a matter of dispute as sale of land per se is out of the ambit of GST law.

RCM(Reverse Charge Mechanism) under GST

CA Rahul Mittal 23 June 2020 at 17:07

Reverse Charge Mechanism was first introduced in Service Tax Law.Now, the Government has incorporated RCM in GST.

Taxability On Directors Remuneration Under GST

R.P.Singh 22 June 2020 at 18:00

The issue of taxability on the director's remuneration always remains in controversy under the Service Tax as well as Goods and Service Tax Regime.

To include or not interest income in aggregate turnover while determining threshold for GST registration?

Knowledge Ki Pathshala 22 June 2020 at 10:52

Interest on PPF, Bank saving interest, other bank interest for personal FDs etc & Interest on personal advances will not be part of supply.

Taxability of managerial remuneration

CA Amrita Chattopadhyay 22 June 2020 at 10:08

Directors, who are not the Employee of the Company, is the remuneration paid to such independent directors, or those directors, by whatever name called, who are not employees of the said company, is taxable in hands of the company, on RCM

Measures taken in GST Audit while finalizing Books of accounts & preparation of Balance sheet

CA Piyush Agarwal 22 June 2020 at 10:07

It becomes important to understand the legal provisions under GST law while finalizing books of accounts and preparation of Balance Sheet.

GST on Merchant Trade Transaction - Latest Advance Ruling

CA Priyanka Kushwaha 22 June 2020 at 09:57

GST on Merchant Trade Transaction shall be payable on the supply of goods outside India directly through a vendor outside India. No GST payable on goods purchased from vendor located outside India as goods are not brought into India.