GST Articles
New GST Form-2B - Auto Drafted ITC Statement inserted by CBIC
CBIC has released a new GST Form-2B, which will be inserted after Form-2A. In this article, we discuss the particulars and format of the said new GST Form-2B.
![GSTR-2B [Auto Drafted ITC Statement] effective from January 01, 2021](/img/previewthumb/custom/Gstrnapr.jpg "GSTR-2B [Auto Drafted ITC Statement] effective from January 01, 2021")
GSTR-2B [Auto Drafted ITC Statement] effective from January 01, 2021
As per Notification number 82/2020 dt. Nov 10, 2020, an auto-drafted statement containing the details of ITC shall be made available to the registered person in FORM GSTR-2B.
Dealing with Notices- Difference - ST vs. IT returns (AS26)
The sharing of the income tax returns with the service tax, central excise, and VAT authorities has been a long drawn exercise with the last arrangement agreed in 2015.
Place of supply under GST (Summarized)
The procedural requirements in case an inter-state transaction is wrongly treated intra-state or vice-versa, increase. Therefore, determining the place of supply is of paramount importance.
![FAQs on TDS under GST [Sec 51 of CGST Act, 2017]](/img/previewthumb/custom/Tdsimage.jpg "FAQs on TDS under GST [Sec 51 of CGST Act, 2017]")
FAQs on TDS under GST [Sec 51 of CGST Act, 2017]
The GST Law mandates TDS u/s 51 of the CGST/SGST Act 2017, u/s 20 of the IGST Act, 2017, and u/s 21 of the UTGST Act, 2017. The GST Council also recommended the introduction of TDS from 01.10.2018.
New GST Returns: (QRMP) Quarterly Return Monthly Payment Scheme
A registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding FY, is eligible for the QRMP Scheme.
Legal compliance for business through E-commerce Operator (ECO)
In this article, we would highlight the important aspects under the Goods & Service Tax Act, 2017 (GST Legislation) and Income Tax Act, 1961, in connection with online sale through ECO.
Digital Synchronisation of Income Tax vis-a-vis GST
This article covers the digital synchronization between Income Tax Law and GST Law together with an illustrative table of reconciliations between financial statements.
Updates on E-Invoicing and Important Resources issued by GSTN
From 1st January 2021, the Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards).
Annual Aggregate Turnover Computation Methodology - GST
In this article, we discuss the Computation Methodology for the Annual Aggregate Turnover for taxpayers eligible and liable to file various GST returns.
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