GST Articles

Open letter to the Ministry of Finance and GST Council

Parag Lakhotia 06 January 2020 at 11:07

The GST council should consider that taxpayers are the real nation builders. If they will be burdened with such haste compliances and bureaucracy, there will be an adverse impact on trade as in general. The law should punish the evaders but shall not cause harassment to everyone in general who pay their taxes honestly, due to some minor non-compliances.

Advance Ruling in GST

ashish 06 January 2020 at 11:07

An advance ruling helps the applicant in planning his activities which are liable for payment of GST, well in advance. It also brings certainty in determining the tax liability, as the ruling given by the Authority for Advance Ruling is binding on the applicant as well as Government authorities.

CBIC notified the provisions of Finance (No. 2) Act, 2019 to amend CGST Act, 2017 - Part 1

Kusum Gandhi 06 January 2020 at 11:07

CBIC issued the Notification No. 01/2020 - Central Tax on dt. 01 Jan 2020 regarding the implementation of provisions of Finance (No. 2) Act, 2019 to amend the CGST Act, 2017.

CBIC notifies certain sections in the Finance (No.2) Act, 2019 pertaining to CGST & IGST Act, effective from 1st January 2020

Bimal Jain 03 January 2020 at 16:28

CBIC notifies certain sections in the Finance (No.2) Act, 2019 pertaining to CGST & IGST Act, effective from 1st January 2020

Clarification on RCM on renting of motor vehicles and extension of due date for Annual Return for 2017-18 by CBIC

Rohit Kumar Singh 03 January 2020 at 10:39

This article talks about the extension of the due date for furnishing the annual return for the year 2017-18 by CBIC and the clarification on RCM on renting motor vehicles.

FAQs on online upload and download of form GST ANX 2 JSON file in new return offline tool

Guest 02 January 2020 at 14:00

Download of GST ANX-2 JSON file1. Why do I need to download the GST ANX 2 JSON file from the GST Portal?The data in GST ANX-2 is majorly auto-populated from th..

Do you know there is late filing fees for GSTR-1?

CA Mayur Todmal 02 January 2020 at 10:12

As a GST practitioner, you must be aware of late fees for delayed filing of GSTR-1. So, file all your pending GSTR-1 by 10th January 2020, in order to save your hard-earn money and from today itself be punctual in filing GSTR-1 as well.

New Year at last brings revised GST Audit Form

CA Umesh Sharma 31 December 2019 at 10:18

Read this beautiful conversation between Arjuna and Krishna. Where Krishna tells Arjuna about all the recent changes in the GSTR-9C offline utility forms updated on the 24th of December, 2019.

Quick Summary on GST E-invoicing

CA Ravi jain 31 December 2019 at 10:18

E-invoicing is a system in which B2B invoices are authenticated electronically by GSTN for further use on the common GST portal. Under the proposed electronic invoicing system, an identification number will be issued against every invoice by the Invoice Registration Portal to be managed by the GST Network.

Accounting perspective of new GST input credit restriction rules

CMA Ramesh Krishnan 30 December 2019 at 10:12

The CBIC imposed the restriction on availment of input tax credit (ITC) under GST in respect of invoices or debit notes, the details of which not have been uploaded by the supplies under sub section (1) of section 37 of CGST act.