GST Articles

Latthmar Holi of GST & Floral Holi of Income tax!!

CA Umesh Sharma 09 March 2020 at 11:22

The tax department is alL ready to play different types of Holi with the taxpayers, of which the Income Tax department will be playing the Floral holi (Foolonki holi) and the GST department will be playing Latthmar Holi.

Goods and Services under Reverse charge as on 1st March 2020

CA Robin Garg 09 March 2020 at 11:21

Goods and Services that will be charged under the Reverse charge Mechanism as on 1st March 2020 with their effective dates.

GST on royalty paid to government for mining on or after 01.01.2019

CA Sarath R Krishnan 09 March 2020 at 11:21

GST on royalty paid to government for mining is a confusing area. There are two scenarios i) GST on royalty paid to Govt before 01.01.2019 ii) GST on royalty paid to Govt on or after 01.01.2019. The discussion is mainly focused in the point of view of assessee engaged in the business of quarry.

Mahagst | Online portal for GST in Maharashtra

CCI Team 03 March 2020 at 17:28

Mahagst gov in, the Department of Goods and Services Tax of the state of Maharashtra has taken an initiative with the objective of providing ease of doing business.

GST Composition Scheme| In-depth analysis

Sahil Jain 02 March 2020 at 10:13

In-depth discussion on Composition Scheme under GST (Present scenario), Sections, rules, forms, notifications,circulars and orders

GST problems require immediate solution

CA Sudhir Halakhandi 28 February 2020 at 17:10

The GST is at vital stage at present. The Department is concerned about revenue and the Taxpayers are anxious about actions to be initiated against them for technical and innocent Mistakes done by them while trying to follow the back to back stringent GST procedures without any intension of evasion of tax.

GST Vital Practical Problems - Part I

CA Sudhir Halakhandi 26 February 2020 at 10:18

GST is new tax and the dealers who followed it from the initial stage have made some technical mistakes which were not noticed by them within time or they were not rectified by the dealers since the facility of revision of such mistakes was not there. These were innocent mistakes and not the fraud and/evasion of tax.

Demand for interest payable on delayed GST payment on the Gross amount of tax payable

Seetharaman K C 26 February 2020 at 10:18

Demand for interest payable on delayed payment of GST dues being raised on the Gross amount of tax payable before the availment of Input Tax Credit (ITC)

Beware! No Entry for false entry in Income Tax and GST!!

CA Umesh Sharma 25 February 2020 at 10:19

Several cases of fraudulent claim input tax credit (ITC) have been caught by the GST authorities. Considering the same, in Union Budget 2020 it has been proposed to take massive steps to curb issuance of fake invoices. To curb issuance of fake invoices, New penalty section 271AAD has been proposed to be inserted in the Income Tax Act through Finance Bill, 2020.

Who can avail Letter of Undertaking under GST?

Charmi Doshi & Co. 25 February 2020 at 10:05

Any registered person availing the option to supply goods or services for export without payment of integrated tax shall furnish, prior to export, a bond or a Letter of Undertaking in FORM GST RFD-11 to the jurisdictional Commissioner.