GST Articles

GST Dept Issues Notices to the Debtors to make good for the default in deposit of GST Dues

Posted by CMA Navneet Kr Jain 22 March 2021 2719 Views

The government seems to be in no mood to let the defaulters/fraudsters escape and is using all provisions to ensure that GST revenue collections keep an upward momentum.

Returns under GST

Posted by CA Satish Kumar 20 March 2021 10008 Views

The concept of returns under GST saw magnanimous launch 3 years ago in 2017 fumbled all it’s way throughout and landed on a seemingly middle ground abridged version of return filing which was originally considered only as a makeshift mechanism and unfortunately became the only functional modus.

GST Update - Quoting of HSN on Tax Invoices

Posted by Rohit Kumar Singh 16 March 2021 12661 Views

Discussing GST Updates w.r.t Quoting of HSN Classification on Invoices, Table for HSN/SAC reporting based on Turnover & Nature of Supplies and Steps for implementation of the same.

Self-assessment under GST Regime - A Detailed Analysis

Posted by Rakesh 16 March 2021 24746 Views

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

Posted by Kusum Gandhi 16 March 2021 3711 Views

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.

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

Posted by Kusum Gandhi 16 March 2021 2870 Views

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.

20 things to keep in mind in 2020 by taxpayers

Posted by CA Umesh Sharma 16 March 2021 19281 Views

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

Open letter to the Ministry of Finance and GST Council

Posted by Parag Lakhotia 16 March 2021 28354 Views

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.

Advance Ruling in GST

Posted by ashish 16 March 2021 3490 Views

An advance ruling helps the applicant in planning his activities which are liable for payment of GST, well in advance. It also brings certainty in determining the tax liability, as the ruling given by the Authority for Advance Ruling is binding on the applicant as well as Government authorities.

CBIC notified the provisions of Finance (No. 2) Act, 2019 to amend CGST Act, 2017 - Part 1

Posted by Kusum Gandhi 16 March 2021 3825 Views

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.