GST Articles

ITC restriction on invoices or debit notes not uploaded in GSTR-1

Lalit Kumar Gupta 11 December 2019 at 11:01

Input Tax Credit restriction - Rule 36(4) of CGST Rules, 2017 inserted vide Notification No. 49/2019 dated 09th Oct, 2019 was made applicable w.e.f. 09th Oct, 2019. This article explains the ITC restrictions imposed through this rule with valid examples.

1 E-way bill, 2 GST returns, 3 victims- blocking of e-way bill

CA Umesh Sharma 11 December 2019 at 10:36

In today's conversation between Arjuna and Krishna. Krishna is addressing all the questions that Arjuna has about the FAQs on blocking of e-way bill on non-filing of the returns.

Top 7 Queries on New GST return ANX-1

Estartupindia 10 December 2019 at 11:11

The new GST return filing has now been made effective and is applicable to every one of the taxpayers.In the new returns, the taxpayer is required to file GST returns together with annexures. Here we shall try to be aware of some essential guidelines of filing the FORM GST ANX-1 with the help of Frequently Asked Questions (FAQs).

Implications of GST on Stock Lending Scheme

CA. Heet Shah 09 December 2019 at 10:20

Under GST "services" means anything other than goods, money and securities.The lending of securities is not a transaction in securities as does not involves disposal of securities and hence it gets covered under the definition of service mentioned above. The lending of securities is classifiable under heading 9977119 and is leviable to GST @18%.

Sponsorship service by charitable institute under GST

CA. Heet Shah 09 December 2019 at 10:20

The CBIC has clarified the applicability of GST on gift donations received by the charitable organizations involved in the advancement of religion, spirituality or yoga which is acknowledged by them by placing nameplates in the name of the individual donor. Know what the clarification says.

1 Click Solution for All E-way Bill Generation Problems

GST Hero 06 December 2019 at 10:17

Notification number 22/2019 dated 23rd April, 2019 notified that if GSTR returns are not filed for two consecutive return periods then EWay Bill generation for such registered taxpayers shall be blocked until the returns are filed. Know 1 click solution for all e way bill generation problems.

Clarification regarding time limit for filing appeal before Appellate Tribunal

Kusum Gandhi 05 December 2019 at 17:30

Clarification regarding time limit for filing appeal before Appellate Tribunal

To be or not to be - Filing of GST audit and annual return

CA Umesh Sharma 02 December 2019 at 18:27

Read what Krishna has to say on Arjuna's confusion regarding the filing of GST.

GSTR 9 : All about GSTR-9

Shraddha kapoor 02 December 2019 at 18:27

What is GSTR 9? The GSTR 9 is a document or statement that has to be filed once a year by a registered taxpayer. This document will contain the details of all supplies made and received under various tax heads (CGST, SGST and IGST) during the entire year along with turnover and audit details for the same.

Explanation of rule 36 (4) of CGST Rules, 2017 with illustrations

CA Amit Jain 02 December 2019 at 10:15

CBIC has issued a circular 123/42/2019-GST dated 11th November 2019, with an intent to clarify therein, various issues such as the manner of calculating the restriction of 20%, the cut-off date for carrying out reconciliation and the scope of the restriction. Let's understand them with some examples.