GST Articles

GST Auditors! Don't Miss These 7 Checkpoints While Filing GSTR 9C

GST Hero 07 November 2019 at 10:05

Deadline for filing GSTR 9 C is approching near. In this article we have summarized 9 checkpoints that you should keep in mind while filing your GST Returns.

An overview of e-invoice under GST

CA.vipin mittal 06 November 2019 at 11:19

Every aspect of e-invoice under GST

Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!

CA Umesh Sharma 06 November 2019 at 11:19

Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!

GSTR1 Returns and its effect on the availment of input credit under the 20% Input credit rule

Seetharaman K C 05 November 2019 at 11:11

The provisions relating to the cap of 20% on availing input tax credit notified as per Notification no 49/2019 dated 9th October 2019 only adds salt to the wound as businesses which are already reeling under the present adverse economic conditions.

IGST exemption vis-a-vis pre-import condition

CA Venkatprasad Pasupuleti 05 November 2019 at 11:04

Advance Authorisation (AA), is one of the schemes under Foreign Trade Policy, 2015-20 (hereinafter referred to as the 'FTP') which allows the manufacturer exporter or merchant exporter to import inputs without payment of customs duties in terms of chapter 4 of FTP read with Notification No.18/2015 Cus dated 01.04.2015 as amended.

GST not payable on volume discount where no GST adjustment is made: AAR

Bimal Jain 04 November 2019 at 10:55

Synopsis: The Hon'ble AAR, Karnataka in the case of M/s Kwality Mobikes (P) Ltd. inAdvance Ruling No. KAR ADRG 7/2019 decided on September 24, 2019 has held tha..

Restriction of Input Tax Credit to 20% - Breakdown

CA GAUTHAM RAJ 02 November 2019 at 13:54

MOF vide notification no. 49/2019 - Central Tax dated 09th October, 2019 vide powers conferred on central government under section 164 of Central Goods and Services Tax Act, 2017, through CGST (Sixth Amendment) Rules, 2019, has inserted sub-rule (4) in rule 36 on Documentary requirements and conditions for claiming Input Tax Credit.

Renting of Motor Vehicles - RCM

Rinky Senger 02 November 2019 at 13:54

Among the other decisions taken in 37th GST Council Meetings held on 20th September 2019, liability to pay tax on reverse charge basis on service of renting of motor vehicles is also decided and made effective through notification no 22/2019 Central Tax (Rate) dated 30th September 2019 w.e.f. 1st October 2019