GST Articles

Summary of GST Notifications, Circulars & Orders of December 2019

Posted by Vamshi Krishna Javvaji 09 January 2020 28677 Views

The objective of this article is to summarize all the updates of GST (Notifications, Circulars, other amendments and updates) released in the month of December 2019.

Sabka Vishwas Scheme: Effect and Analysis

Posted by R.P.Singh 09 January 2020 9111 Views

The Central Board of Indirect Taxes and Customs vide notification No. 05/2019 Central Excise-NT dated 21.08.2019 notified Sabka Vishwas (Legacy Dispute Resolution) Scheme Rules, 2019. It came into force from 1st Day of September 2019.

Self-assessment under GST Regime - A Detailed Analysis

Posted by Rakesh 08 January 2020 24743 Views

In terms of Section 2(11) of the Act, "assessment" means determination of tax liability under this Act and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgement assessment. It is important to note that there is no provision permitting a Proper Officer to re-assess the tax liability of taxable person.

CBIC notified the provisions of Finance (No. 2) Act, 2019 to amend CGST Act, 2017 - Part 3

Posted by Kusum Gandhi 08 January 2020 3706 Views

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.

20 things to keep in mind in 2020 by taxpayers

Posted by CA Umesh Sharma 07 January 2020 19279 Views

20 things to keep in mind in this year 2020 by taxpayers

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

Posted by Kusum Gandhi 07 January 2020 2865 Views

In this article, we will discuss only Section-95, 96, 98 & 99 of Finance (No.2) Act, 2019. Earlier we have discussed Section-93 & 94 of Finance (No. 2) Act, 2019.

RCM on renting of motor vehicles

Posted by Susmita Dutta, CA , CPA 06 January 2020 24551 Views

GST on supply of service by way of renting of any motor vehicle designed to carry passengers(cost of fuel included in the consideration charged from the service recipient) is paid if certian conditions are satisfied. Read the full article to know all the conditions.

Open letter to the Ministry of Finance and GST Council

Posted by Parag Lakhotia 06 January 2020 28351 Views

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

Posted by ashish 06 January 2020 3484 Views

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

Posted by Kusum Gandhi 06 January 2020 3819 Views

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.