GST Articles

Changes made in GST Portal and GST Act in July 2020

Posted by CA Arun Chhajer 06 February 2021 11354 Views

All the GST Amendment and GST Portal related changes in July 2020 has been presented in this article

GST on directors remuneration - Analysis based on CBIC circular

Posted by CA Alexandar Gazi 06 February 2021 2831 Views

GST on directors remuneration according to the entry no. 6 of Notification No. – 13/2017 –a company or body corporate shall pay GST on reverse charge basis on the amount of remuneration paid or payable to directors of the said company or body corporate and on the other hand Schedule III of the CGST Act, 2017

Union Budget 2021 | Amendment proposed in CGST & IGST Act, 2017 and its Impact on professionals and Taxpayer

Posted by CA Niyati Soni 05 February 2021 15205 Views

Amendment proposed in CGST & IGST Act, 2017 as per the Union Budget 2021, and its Impact on professionals and Taxpayers of the country.

Changes in Section 129 - Post Budget 2021

Posted by CA Shubham Gupta 05 February 2021 4925 Views

Discussing the detention, seizure and release of goods and conveyances in transit under GST as per Section 129, together with the changes in the section post Budget 2021.

Critical Amendment Proposed in Zero Rated Supplies under IGST Act

Posted by CMA Ramesh Krishnan 05 February 2021 3997 Views

At the present Sec. 16 of the IGST Act deals with zero rated supplies under GST. The Finance bill 2021 has proposed some changes in section 16 and the same is produced in this article.

FAQs on Offline Tool for Form GSTR-4 Annual Return by Composition Taxpayers

Posted by CA.KIRANKUMAR R N 04 February 2021 9060 Views

Form GSTR-4 (Annual Return) Offline utility is an Excel based tool to facilitate preparation of annual return creation in Form GSTR-4.

An Overview of GST QRMP Scheme

Posted by Susmita Dutta, CA , CPA 02 February 2021 4009 Views

The QRMP Scheme states that a GST registered person, whose turnover is less than 5 crore rupees, is eligible to file the return on a quarterly basis, but has to make the payment on a monthly basis.

Rule 86B under GST | Restriction on Utilisation of ITC in Electronic Credit Ledger

Posted by CA Amit Harkhani 02 February 2021 10785 Views

The ITC available in the electronic credit ledger could always be fully utilised for discharging the output tax liability. The new Rule 86B has limited the use of ITC balance for paying its output tax liability.

Tax Deducted at Source (TDS) provisions under GST

Posted by CA Chanchal Jain 31 January 2021 16421 Views

TDS is the deduction at a specified rate by the deductor. Section 51 of the Central Goods and Services Tax (CGST) Act lays down the provisions of TDS. The section starts with the non-obstante clause.

Works contracts and implications in real estate under GST

Posted by FCS Deepak Pratap Singh 30 January 2021 8441 Views

Since GST implementation in Real Estate Sector, various disputes have come to notice of government. We have debated much on definition and applicability of GST on Work Contracts related to Real Estate Sector.