GST Articles

Taxpayers! Furnish GSTR-1 in time, or pay late fees

Posted by CA Umesh Sharma 20 January 2021 4865 Views

Importance of filing GSTR-1 on time,the due date of filing GSTR-1 and the consequences of non-furnishing of GSTR-1 within the due date

Revocation of Cancellation of Registration under GST- Challenges to overcome

Posted by Praveen Sharma 20 January 2021 8630 Views

CBIC through Removal of Difficulty Order No. 01/2020-Central Tax dated 25.06.2020 seeks to extend the time limit for filing an application for revocation of cancellation of registration for specified taxpayers. However, GSTN hasn’t started the process on the common portal.

Equalisation Levy- Impact of Finance Act 2020

Posted by CA Harshal Sevak 20 January 2021 2579 Views

Equalisation levy was initially brought to impose tax on online advertisement including provision of digital advertising space on certain entities which did not have any physical presence in India but which earned revenue from Indian advertisers.

What is E way bill under GST?

Posted by CA Santhosh Gupta Kethepalli 19 January 2021 4071 Views

E Way Bill is Mandatory in a case where the goods are being sent by a Principal located in one state to a Job worker located in any other state, the E Way Bill shall be generated by the principal irrespective of the value of the Consignment.

Applicability of GST on Directors Remuneration

Posted by Kartik Jain 18 January 2021 5313 Views

Applicability of GST on Directors Remuneration

It is time to look back at - Why GST and what exactly is it?

Posted by CMA Mrudula M 18 January 2021 2379 Views

This article explains how GST is the need of the hour. A comparison between the old tax system and GST has been madeon the basis of rates, levy & collection, cascading effect and ease of business.

Taxability of service provided to foreign client of principal located in India

Posted by Pradeep Jain 17 January 2021 2502 Views

For export of service, the provider should be in India and recipient outside India. But when they have clearly said that recipient is Indian company then it is clear that it will not be termed as export of service.

Time of supply of Goods & Services

Posted by Jasmeen Marwah 17 January 2021 3617 Views

Time of supply means that time at which we consider our goods/services to be supplied. Once goods/services are considered supply GST shall be charged on them. Time of supply means date on which our liability arises to pay GST.

How will sanitizers disinfect the germs of confusion under GST?

Posted by CA Umesh Sharma 17 January 2021 1946 Views

As we all are fighting with the coronavirus, and alcohol-based hand sanitizers being a major weapon in this war, there is still confusion on GST rate to be charged on the same. The manufactures and GST officers are having an argument, whether it should be charged at 12% or 18%.

Rule 36(4) amended to reduce ITC entitlement for invoices not furnished by supplier from 10% to 5%

Posted by Bimal Jain 14 January 2021 16238 Views

CBIC, vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has issued CGST (Fourteenth Amendment) Rules, 2020, inter alia, amending Rule 36(4) of the CGST Rules, 2017 w.e.f. January 1, 2021