GST Articles

Refund of ITC in Inverted Duty Structure with High Court Judgement

CA Arun Chhajer 09 August 2019 at 18:32

Meaning of Inverted Duty structureWord Inverted Duty Structure is not defined in GST. However when Rate of tax on INPUTS being higher than the rate of tax on ou..

A walk through new GST forms

Puneet Bansal 09 August 2019 at 15:41

The advent of Goods and Services Tax marked a classic reform in Indirect Taxation Regime. Government always aspired to keep compliance procedures simple and tra..

Basic FAQs on GSTR 9

Padmahas Niwas 08 August 2019 at 11:19

Que: Who is required to file GST Annual Return?Ans: Every registered person, (other than an ISD, person liable to pay tax u/s 51 and 52, a

FAQs on UDIN for Audit, Assurance & Attest functions

Guest 07 August 2019 at 11:55

Process 1. How to Register on UDIN Portal? To register on UDIN, please follow the below steps:Step 1: Click "Member Registration" or click at "Fo

GST 2.0 aims at making lives simpler for businesses

Hardik Lashkari 07 August 2019 at 11:12

GST Implemented!1 year of GST completed!GST simplified!2 years of GST completed!GST 2.0 announced!Has GST 2.0 finally arrived now?Inching one step closer toward..

GST mein kisiko nahi 'Banana' - Charging incorrect GST

CA Umesh Sharma 07 August 2019 at 11:11

Karneeti Part 297GST mein kisiko nahi "Banana" - CA Umesh SharmaArjuna(Fictional Character) : Krishna, What do you mean by charging incorrect rate o

Scrapping off Article 370: Will UTGST be applicable on Ladakh now?

Vaishali Dhek 06 August 2019 at 17:33

On Monday, Modi led government took a historic decision to scrape off Article 370 of the Constitution that granted special status to Jammu and Kashmir. The revo..

Lapse of unutilised input tax credit on account of inverted duty rate structure unlawful - Gujarat HC

Priyanshi Desai 06 August 2019 at 11:29

Legal ProvisionsSection 54(3) of CGST Act, 2017 provides for refund of unutilised input tax credit in following 2 circumstances Zero rated supplies of goods and..

Treatment of discounts under GST

Bhupendra Choudhary 05 August 2019 at 10:49

Introduction:In this article we will discuss the treatment of following discounts under GST: Discounts at the time of supply/sale Post-sale discounts Discount..