GST Articles

Steps to follow after obtaining GST Registration

Posted by CA Rahul Mittal 13 February 2021 2959 Views

If the turnover exceeds the threshold limit mentioned in the GST Act, then the person is mandatory to take GST registration. In some cases, people are mandatory to take GST registration like in case of the interstate supply of goods, reverse charge, selling on e-commerce portal, etc.

Bitcoins - Income Tax, GST & International Tax Structure

Posted by CA Ankit Gulgulia (Jain) 10 February 2021 9079 Views

Taxation of Bitcoins - Income Tax, GST, Tax Havens, Income Tax Return Disclosure and Country Wise Analysis of Tax Structure.

All About Voluntary Payment Using Form GST DRC 03

Posted by CA Sapna Ghelani 09 February 2021 24757 Views

FORM GST DRC-03 is a digital intimation of payment made by the taxpayer voluntarily or made against show cause notice issued by the department or in adherence to section 142(2) and 142(3) of CGST Rules 2017.

GSTR-4| Good news for composition dealers

Posted by CA Chanchal Jain 09 February 2021 12704 Views

The GST portal has come up with an offline utility of GSTR-4 (Annual Return) which has been made available for use since 06 August 2020.

QRMP Scheme in GST

Posted by CA CMA Piyush Taurani 08 February 2021 8084 Views

The GST Council, in their 42nd Meet on 5th October 2020 proposed a quarterly return filing system for small taxpayers to be implemented w.e.f. 1st January 2021.

Concept of Tax Collected at Source(TCS) under GST

Posted by CA Santhosh Gupta Kethepalli 08 February 2021 10042 Views

TCS refers to the tax which is collected by the Electronic Commerce Operator when a supplier supplies some goods or services through its portal and the payment for that supply is collected by the Electronic Commerce Operator (ECO)

Analysis of arrest provisions under GST

Posted by CA Sudhir Halakhandi 06 February 2021 3954 Views

69(1) Where the Commissioner has reasons to believe that a person has committed any offence specified in clause (a) or clause (b) or clause (c) or clause (d) of sub-section (1) of section 132 which is punishable under clause (i) or (ii) of sub-section (1), or sub- section (2) of the said section, he may, by order, authorise any officer of central tax to arrest such person.

Composition Scheme under GST- Is it really beneficial?

Posted by Lekhraj sood 06 February 2021 3710 Views

Taxpayers eligible for composition scheme opt for it for the reason of lesser GST compliances but miss out on other important factors and consideration which have significant impact on their business.

COVID-19 impact on GST implication on possible business scenarios and solutions

Posted by Rohit goel 06 February 2021 3927 Views

Due to the COVID-19 pandemic, the economy of the country has been hit worse than ever and the goal of becoming 5 trillion economy is endangered. As a result of this catastrophe many ambiguities and confusion have propelled up in the industry which require immediate solution otherwise the effects are going to be detrimental.