GST Articles
FAQs on GST e-invoice/IRN System
13 March 2021
6003 Views
e-invoicing means the invoice shall be prepared after obtaining an Invoice Reference Number (IRN) by uploading specified particulars (in FORM GST INV-01) on the notified Invoice Registration Portals (IRP).
Manual for Track Refund Status under GST (Post-Login)
12 March 2021
7095 Views
Discussing steps on how you can track your refund application status and update your bank account under GST after login into the GST Portal.
Mandatory to mention 4/6-digit HSN/SAC Code w.e.f. April 1, 2021
As per Notification No. 78/2020 - Central Tax, it is mandatory for registered taxpayers to mention 4/6 digit HSN/SAC Code on Supply of goods or services on tax invoices w.e.f April 1, 2021.
All about Non-resident taxable person in GST
Non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal
Glimpse on Refund of unutilised Input Tax Credit (ITC)
GST Law permits refund of unutilised ITC in two scenarios, namely if such credit accumulation is on account of zero rated supplies or on account of inverted duty structure, subject to certain exceptions.
Recovery of Transportation charges by employer from employees not taxable, ITC to extent of transportation cost borne eligible
Recovery of Transportation charges by employer from employees not taxable, ITC to extent of transportation cost borne eligible
Implementation of E-Invoice for Turnover over Rs 50 Crores
CBIC has issued Notification No 05/2021 - Central Tax dated 8th March 2021 for the implementation of e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 50 Cr from 1st April 2021.
Avoid these 15 Mistakes related to the Charging of GST or Reversing Ineligible ITC
Discussing 15 basic mistakes that are related to Charging of GST or Reversing Ineligible ITC, that a registered taxpayer must avoid under all circumstances.
Refund of GST TCS for Online Sellers of E-Commerce Operators
The online e-commerce operators will deduct GST TCS @ 1% along with other charges like Commission, courier charges etc. from the amount collected from the retail customer, and the balance will be repaid to the seller.
Compliance Calendar March 2021
March is a month of important compliances. In this article, we discuss all the compliances w.r.t Income Tax, GST, Companies Act and other laws.
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