GST Articles

The validity of Section 16(4) of the CGST Act

CA. CS. Abhay Sharma 09 April 2020 at 11:02

Under GST, there are many restrictions on availing of the input tax credit. One such limitation is present by the way of section 16(4)limiting the date of claiming the input tax credit to the due date filing of the return for September or date of filing of annual return whichever is earlier.

GST on Remuneration paid to Directors

CS Lalit Rajput 08 April 2020 at 12:40

The consideration paid to the directors by the applicant company will attract GST under the reverse charge mechanism.

Whether Advance Ruling Authority can determine issue relating to Place of Supply

Member (Account Deleted) 08 April 2020 at 10:47

Whether Advance Ruling Authority can determine issue relating to Place of Supply. Let us understand it in respect to the Kerala High Court Ruling.

GST on supply of used vehicles

CA Akshay Hiregange 08 April 2020 at 10:47

A registered person dealing in second-hand sale of a motor vehicle (which is falling under chapter 87) was eligible to claim the abatement of 35% of the value of taxable supplies and pay GST on only 65% of the value of supply of such motor vehicle on fulfilling prescribed conditions.

GST implications on Real Estate Transactions

CA Ankit Kumawat 08 April 2020 at 10:46

There are 2 types of Transactions prevailing the Real estate Business Works Contract Services and Real Estate Transactions. This article explains the implications GST on real state.

GSTR-1 : Eligibility, Format, Return Filing and Late Fees involved

Aishna Kukreja 07 April 2020 at 14:10

GSTR 1 contains the details of the outward supply of goods, services, or both. GSTR-1 can be filed monthly as well as quarterly.

COVID-19 Relaxation from ITC restriction under rule 36(4)

Atul Rathod 07 April 2020 at 10:36

ITC restriction in respect of the invoices the details of which have not been uploaded by supplier in GSTR-3B under rule 36(4)shall apply cumulatively for the period Feb, March, April, May, June, July and Aug, 2020 and the return in FORM GSTR-3B for the tax period Sep, 2020 shall be furnished with the cumulative adjustment of ITC for the said months.

Relief taxpayers for e-way bill and ITC during lockdown

CA Umesh Sharma 07 April 2020 at 10:36

The government has given relaxations to GST taxpayers fee on late filing of GSTR-1 has been waived off. The validity of e-way bills has been extended and the restriction of ITC under rule36(4) will be cumulatively applicable for Feb to August.

GST Update on refund related issues

Pradeep Jain 07 April 2020 at 10:36

Clarifications were issued by CBIC on GST refund related issues. It has been decided to remove the restriction on clubbing of tax periods across Financial Years. There are guidelines for a refund of ITC and the new requirement to mention HSN/SAC Code.

RCM on import of services including intellectual property

CA Akshay Hiregange 07 April 2020 at 10:36

This article would help persons who have large number of foreign clients, persons who attend foreign business events held outside India, or have holding company outside India including procurement of services from outside India.