GST Articles

Validity of the direct recovery of Interest under GST?

CA Venkatprasad Pasupuleti 13 January 2020 at 11:01

Validity of the direct recovery of Interest under GST?

12 Important things for taxpayers under GST for 2020

Bimal Jain 10 January 2020 at 10:26

New Year 2020 also ushers in certain new changes under the GST, which are important to be considered by the taxpayers. This article summarises 12 such changes like the restriction on the claim of ITC, blocking of the e-way bill, new GST Return system, RCM on motor vehicles, etc.

Summary of GST Notifications, Circulars & Orders of December 2019

Vamshi Krishna Javvaji 09 January 2020 at 10:27

The objective of this article is to summarize all the updates of GST (Notifications, Circulars, other amendments and updates) released in the month of December 2019.

Sabka Vishwas Scheme: Effect and Analysis

R.P.Singh 09 January 2020 at 10:26

The Central Board of Indirect Taxes and Customs vide notification No. 05/2019 Central Excise-NT dated 21.08.2019 notified Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019. It came into force from 1st Day of September 2019.

Self-assessment under GST Regime - A Detailed Analysis

Rakesh 08 January 2020 at 10:33

In terms of Section 2(11) of the Act, "assessment" means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgement assessment. It is important to note that there is no provision permitting a Proper Officer to re-assess the tax liability of taxable person.

CBIC notified the provisions of Finance (No. 2) Act, 2019 to amend CGST Act, 2017 - Part 3

Kusum Gandhi 08 January 2020 at 10:33

CBIC issued the Notification No. 01/2020- Central Tax on dt. 01 Jan 2020 regarding the implementation of provisions of Finance (No.2) Act, 2019 to amend the CGST Act, 2017.

20 things to keep in mind in 2020 by taxpayers

CA Umesh Sharma 07 January 2020 at 10:12

20 things to keep in mind in this year 2020 by taxpayers

CBIC notified the provisions of Finance (No. 2) Act, 2019 to amend CGST Act, 2017 - Part 2

Kusum Gandhi 07 January 2020 at 10:12

In this article, we will discuss only Section-95, 96, 98 & 99 of Finance (No.2) Act, 2019. Earlier we have discussed Section-93 & 94 of Finance (No. 2) Act, 2019.

RCM on renting of motor vehicles

Susmita Dutta, CA , CPA 06 January 2020 at 11:07

GST on supply of service by way of renting of any motor vehicle designed to carry passengers(cost of fuel included in the consideration charged from the service recipient) is paid if certian conditions are satisfied. Read the full article to know all the conditions.

Open letter to the Ministry of Finance and GST Council

Parag Lakhotia 06 January 2020 at 11:07

The GST council should consider that taxpayers are the real nation builders. If they will be burdened with such haste compliances and bureaucracy, there will be an adverse impact on trade as in general. The law should punish the evaders but shall not cause harassment to everyone in general who pay their taxes honestly, due to some minor non-compliances.