Meet CA Pooja Bansal who runs her own Youtube channel. Pooja has more than 1.25K Subscribers. She has also authored two books on. Pooja has left no stone unturned in helping people understand GST. Here is an insight into what CA Pooja Bansal does behind the lens.
Electronic Commerce & Electronic Commerce Operator under GST
The Central government reportedly owes around Rs 30,000-34,000 crore to states as the GST compensation for December 2019 and January 2020. The compensation for December-January was supposed to be released by the second week of February. Many attribute the delay to the Centre's fund crunch due to the economic slowdown.
It is being observed time and again since the implementation of e-way bill mechanism in GST, the goods are being detained for minor discrepancies. However, it was reported recently that the goods were detained even when they were accompanied by valid invoices and e-way bill on the reason of under-valuation.
The refund of accumulated ITC shall be restricted to the ITC as per those invoices, the details of which are uploaded by the supplier in FORM GSTR-1 and are reflected in the FORM GSTR-2A of the applicant.
Facts about Appeals and Revisions under GST Act and ways to interpret different section of the act along with facts of your case to get the due justice at low cost and efforts
Amount towards the value of supply along with tax payable thereon is not paid to the supplier within 180 days from the date of issue of invoice, an amount equivalent to input tax credit availed shall be reversed in the manner prescribed under Rule 37 of the CGST Rules.
The AAR ruled that the hat the transfer of under-construction projects under the 'Business Transfer Project' is exempted under Goods Service Tax (GST).
The composition scheme is an alternative method of levy of tax designed for small tax payers whose turnover is up to prescribed limit.
Various GST relaxations have been given to the taxpayers amidst the outbreak. GST relaxations have been given in the form of extension of due dates and reduction in interest rates.
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