GST Articles

20% GST ITC, 100% Tension to taxpayers

CA Umesh Sharma 26 November 2019 at 10:04

Read this lovely conversation between Krishna and Arjuna in which they are discussing the new 20% ITC rule.

Clarification on manufacturing services on goods owned by others

Kusum Gandhi 26 November 2019 at 10:04

Changes in Entry 26 of Notification no. 11/2017 Central Tax Rate as on 22/11/2019

Clarification on Job work services

CA Shubham Kumar 25 November 2019 at 10:11

CBIC issued a clarification on Job work vide circular No. 126/45/2019- GST on the dated 22nd November 2019. Before published, these circular people have many doubts about job work and manufacturing processes.

Recent updates and notifications in GST

CA Urvashi Joshi 20 November 2019 at 10:19

Clarify restrictions in availment of input tax credit in terms of Rule 36(4)[i]Rule 36 relates to Documentary Requirements and Conditions for claiming Input Tax..

Changes in Annual Return GSTR-9

Kusum Gandhi 20 November 2019 at 10:19

Changes in Annual Return GSTR-9

Clarification regarding optional filing of Annual Return under GST

Kusum Gandhi 20 November 2019 at 10:19

Clarification regarding optional filing of Annual Return under GST

Important Changes in Form GSTR-9 and GSTR-9C

CA Umesh Sharma 19 November 2019 at 10:37

Important Changes in Form GSTR-9 and GSTR-9C

Clarification on GST on salaries paid to CEOs or Employees

CA Shubham Kumar 19 November 2019 at 10:37

Recently Central Board of Indirect Taxes & Customs (CBIC) issued a clarification on GST implication on Salaries paid to key management personnel and employees. In this clarification, CBIC clarifies that GST is not applicable to the salary paid to the employees because it is under schedule III of the CGST Act, 2017.

New hurdle in GST compliances by the Government

Pankaj Kannaujiya 19 November 2019 at 10:37

The government changed the Rules & Conditions for claiming the Input Tax Credit (ITC) in GSTR-3B CBIC has inserted the new Sub-rule (4) to Rule 36 with effect from 09.10.2019

ITC claim restricted to 120% of GSTR 2A : Detailed analysis

CA Akshay Hiregange 19 November 2019 at 10:36

The government has taken a pre-emptive action to curb incorrect Input Tax Credit (ITC) claims after various frauds were unearthed in the past year on claimed ITC on fake invoices, or through physically non-existent businesses.