GST Articles

Implications on ITC on account of non payment to supplier within 180 days

nikhil anand 20 April 2020 at 10:35

Amount towards the value of supply along with tax payable thereon is not paid to the supplier within 180 days from the date of issue of invoice, an amount equivalent to input tax credit availed shall be reversed in the manner prescribed under Rule 37 of the CGST Rules.

Transfer of under construction project do not attract GST: AAR

CA CMA Piyush Taurani 20 April 2020 at 10:34

The AAR ruled that the hat the transfer of under-construction projects under the 'Business Transfer Project' is exempted under Goods Service Tax (GST).

What is composition scheme under GST?

CA CMA Piyush Taurani 18 April 2020 at 12:35

The composition scheme is an alternative method of levy of tax designed for small tax payers whose turnover is up to prescribed limit.

Compliance related Relaxations under GST lockdown

Hemant Kumar Gupta 18 April 2020 at 12:35

Various GST relaxations have been given to the taxpayers amidst the outbreak. GST relaxations have been given in the form of extension of due dates and reduction in interest rates.

Interaction with GST expert CA Shaifali Girdharwal

CA Sudhir Halakhandi 18 April 2020 at 11:52

Interview with GST Expert CA Shaifali Girdharwal

CBIC clarification on GST refund matters and GSTR-7

CS Lalit Rajput 17 April 2020 at 17:28

CBIC issued a clarification on GST refund matters and GSTR-7. GST refund can be claimed either in GST RFD-01 or by issuing a credit note depending upon the circumstances.

How to File GST Return Online?

Aruhi 17 April 2020 at 14:41

A GST Return is a document that provides all the details related to GST invoices, payments, and receipts for a specific period.

Understanding Concept of Input Service Distributor under GST

CA Suresh Jain 17 April 2020 at 10:34

Input Service Distributor(ISD) means an office of the Supplier which receives tax invoice for input service and issues a document for the purpose of distributing ITC.

Applicability of GST on Directors' Remuneration

Mayank Goel 16 April 2020 at 19:03

The purpose to set up the concept of Advance Ruling Mechanism under GST was to provide clarity in terms of unanswered questions of the law and to remove the ambiguities which may later result in disputes between the Department and the registered persons.

Clarification in respect of challenges in implementation of provisions of GST Laws vide circular no. 137

Pradeep Jain 16 April 2020 at 19:03

Circular No. 137/07/2020-GST dated 13.04.2020 has been issued providing clarifications regarding certain challenges being faced by taxpayers in adhering to the compliance requirements under various other provisions of the CGST Act.