GST Articles

GST implications on Real Estate Transactions

Posted by CA Ankit Kumawat 08 April 2020 5510 Views

There are 2 types of Transactions prevailing the Real estate Business Works Contract Services and Real Estate Transactions. This article explains the implications GST on real state.

GSTR-1 : Eligibility, Format, Return Filing and Late Fees involved

Posted by Aishna Kukreja 07 April 2020 13729 Views

GSTR 1 contains the details of the outward supply of goods, services, or both. GSTR-1 can be filed monthly as well as quarterly.

COVID-19 Relaxation from ITC restriction under rule 36(4)

Posted by Atul Rathod 07 April 2020 3790 Views

ITC restriction in respect of the invoices the details of which have not been uploaded by supplier in GSTR-3B under rule 36(4)shall apply cumulatively for the period Feb, March, April, May, June, July and Aug, 2020 and the return in FORM GSTR-3B for the tax period Sep, 2020 shall be furnished with the cumulative adjustment of ITC for the said months.

Relief taxpayers for e-way bill and ITC during lockdown

Posted by CA Umesh Sharma 07 April 2020 2067 Views

The government has given relaxations to GST taxpayers fee on late filing of GSTR-1 has been waived off. The validity of e-way bills has been extended and the restriction of ITC under rule36(4) will be cumulatively applicable for Feb to August.

GST Update on refund related issues

Posted by Pradeep Jain 07 April 2020 1596 Views

Clarifications were issued by CBIC on GST refund related issues. It has been decided to remove the restriction on clubbing of tax periods across Financial Years. There are guidelines for a refund of ITC and the new requirement to mention HSN/SAC Code.

RCM on import of services including intellectual property

Posted by CA Akshay Hiregange 07 April 2020 2983 Views

This article would help persons who have large number of foreign clients, persons who attend foreign business events held outside India, or have holding company outside India including procurement of services from outside India.

Recent changes in GST due to COVID 19

Posted by Bimal Jain 07 April 2020 2872 Views

The FM announced changes in GST Rules due to the outbreak of COVID-19. Due dates to file GST Returns were extended and relaxation was given from late fees on late filing.

GST refund related issues

Posted by Kusum Gandhi 06 April 2020 2678 Views

GST Refund Clarification on refund related issues

Relaxations under GST amidst COVID-19 Outbreak

Posted by CA Harshitha S Jain 06 April 2020 2011 Views

Relaxation to the taxpayers under GST amidst COVID-19 crisis

GST Returns Due date Extended

Posted by CS Lalit Rajput 06 April 2020 7837 Views

Keeping in view the preventive measures taken to contain the spread of Novel Coronavirus (COVID-19) and the difficulties being faced by the GST taxpayer, Ministry of Finance, Department of Revenue, CBIC, has extended the due date for Filing GST Returns