GST Articles

Whether tax paid on intra-state inward supply in one state can be used to pay output tax liability in another state

Posted by CA Amit Harkhani 26 February 2021 5492 Views

A combined reading of Section 16(1) of CGST Act, 2017 and definitions it is concluded that registered persons can avail ITC (IGST & CGST & SGST) u/s 16(1) of CGST Act, 2017 and not separately under respective Acts.

Interest on PPF, Personal Loan, Saving Bank Account To Be Included In Aggregate Turnover For GST Registration

Posted by Ranvir Sinh ParMar 24 February 2021 3217 Views

An applicant is required to aggregate the value of exempted interest income earned for the purpose of calculating the threshold limit of Rs. 20.00 Lakh for obtaining registration under GST law.

Latest GST updates and Notifications - January 2021

Posted by CA NISHANK JAIN 24 February 2021 15111 Views

Discussing the latest updates w.r.t GST as issued under various circulars by CBIC, including due date compliances for the upcoming months, and facilities made available on the GST Portal.

Departmental GST Audit Process - Key Highlights

Posted by CS Lalit Rajput 23 February 2021 19582 Views

Audit under GST is the process of examination of records, returns and other documents maintained by a taxable person. Know all about the Key Highlights of Departmental GST Audit.

Amendments proposed in Section 129 and 130 of the CGST Act, 2017

Posted by Bimal Jain 23 February 2021 2381 Views

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 108 and 109 of the Finance Bill, 2021 with respect to amendments in Section 129 and 130 of the CGST Act.

How to Calculate Common Credit (ITC) under GST?

Posted by Ritik Chopra 23 February 2021 31187 Views

Rule 42 of the CGST Rules provides the methodology for apportionment of ITC on inputs and input services and reversal of ineligible credit. Discussing steps involved in calculating Common Credit under GST.

Arrangement of GST Software for CA Members in Practice

Posted by Deepak Singh 22 February 2021 19097 Views

The entire team of the committee for members in practice has taken various steps for the benefits of members which includes an arrangement for Free GST Software for Members in Practice.

Breach of Trust by Government- Notification No 63/2020 Dated 25.08.2020

Posted by CA Rohit kapoor 22 February 2021 8228 Views

In 39th GST Council meeting held on 14th March 2020 it was proposed that as a measure for Trade Facilitation Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively).

Way out, to find out Bogus Taxpayers

Posted by CA Umesh Sharma 22 February 2021 4960 Views

More transparency has been brought into the GST System by introducing the "Know Your Supplier" facility. This facility will help in reducing the non-compliance by the suppliers as if any supplier has defaulted in filing his returns, it will be shown on the portal.