GST Articles

Rule 36(4) Cannot Restrict Or Disallow The ITC Claimed By Assessee

Mukesh Kuriyal 14 May 2020 at 10:10

Input Tax Credit To Be Availed By A Registered Person In Respect Of Invoices Or Debit Notes, The Details Of Which Have Not Been Uploaded By The Suppliers Under Sub-Section (1) Of Section 37, Shall Not Exceed 20 Per Cent

Does cash underlying in electronic cash ledger amounts to payment of tax under GST?

Pradeep Jain 13 May 2020 at 13:47

Whether cash underlying in electronic cash ledger amounts to payment of tax without fulfilling any offsetting requirement?

Precautions to be taken while responding to a notice under GST

CA Venkatprasad Pasupuleti 13 May 2020 at 10:15

On receipt of Notice, before responding to any notice or any other communication, the taxpayer must ensure whether the notice is issued the jurisdictional proper officer?

Is Denial of refund of ITC not reflected in GSTR-2A valid?

CA Venkatprasad Pasupuleti 13 May 2020 at 10:15

The Rule 36(4) prescribed that ITC shall be entitled to the extent of the invoices uploaded by the suppliers and gives another 10% of the matched ITC in addition to the matched ITC.

No GST payable on director's salary: Advance Ruling

MARIES 12 May 2020 at 09:28

As rightly held by the AAR, Karnataka in the subject case, an Executive Director, who normally holds the managerial position and involves in day to day activities, is an Employee of the Company and thus GST is not applicable on remuneration paid to such Executive Director.

How to reply to a Show Cause Notice in GST?

Mr. C SANJEEVA RAO 11 May 2020 at 10:56

Show Cause Notice is the first stage of litigation under any fiscal laws. While venturing to draft a reply to the show cause notice, three components should bear in mind which is Analysis of Show Cause Notice;Evidence or information and Grounds to issue Show Cause Notice; and Identifying the missing points in the Show Cause Notice.

GST Implications on Real Estate Sector

Parth Shah 09 May 2020 at 15:30

In this article, I am discussing on the applicable rate of GST on different services boxed under Real Estate mentioning the reference of relevant provision.

Extension of annual return filing, filing of GSTR-3B by EVC and other changes notified in GST

Rohit Kumar Singh 06 May 2020 at 18:48

Due date to file GSTR-9 for FY 2018-19 extended to 30th September 2020, and the validity of e-way bills further extended to the 31st of May

How to correct mistakes of GST challan through Form GST PMT 09?

CA Umesh Sharma 05 May 2020 at 10:05

Conversation between Krishna and Arjuna of GST. Krishna as always is trying to clear the clouds for Ajuna and show the path ahead. In this conversation, Krishna is telling Arjuna about how one can correct his mistakes of GST challan through Form GST PMT 09.

The "New" composition scheme

CA (CS) Ujjwal Jindal 04 May 2020 at 10:46

Since its introduction, GST has been into controversies. Many people found it unreasonable and for others it was just a new tax regime which was introduced in a hurry. The government kept on moving with the newly introduced tax system keeping the public along, listening to their concerns and making necessary timely changes/amendments.