GST Articles

Revised GST Rates for Real Estate - Bonanza Or Distress

Neha Sethi 18 March 2019 at 11:06

The GST Council in its 33rd GST Council Meeting on February 24th, 2019, has given in principle ap

GST - War has just begun

Mithilesh Brahmbhatt 15 March 2019 at 17:16

Background of GST:�Goods and Services Tax (GST)� was proposed and given a go-ahead in the year 1999 during a meeting b

GST- Sales Promotion - Circular 92 dt.7.3.19 Analysed

Madhukar N Hiregange 15 March 2019 at 12:06

This circular was on sales promotional schemes and the availability of tax credit (ITC). It clarified the position of GST as under: A. Free Samples/ Gifts: In

A round up of GST amendment in Credit & Debit Notes viz-a-viz post supply discounts

Bimal Jain 13 March 2019 at 16:15

Background:The Interim Budget 2019 did not propose any changes with respect to Indirect Tax. In as much as GST is concerned, the GST Council in its 28thmeeting ..

Normal, Sahaj and Sugam - The all new GST return forms

Guest 12 March 2019 at 19:53

The proposed GST returns Normal, Sugam and Sahaj have been released by the CBIC. Assessees with a turnover of up to Rs. 5 crores will have an option to choose

ITC on gifts under GST

CA Roopa Nayak 12 March 2019 at 11:26

Background Every registered person is eligible to avail credit of input tax charged on any supply of goods or services, which are used in the course or �f

Understanding of Reverse Charge Mechanism (RCM) under GST

Pratik Rathi 12 March 2019 at 11:26

Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge Mechanism, the receiver of goods or service is becomes liable ..

Summary of 7th March GST notifications

CA Urvashi Joshi 11 March 2019 at 11:01

Exemption from registration for any person engaged in Exclusive supply of goods.[1]Any person engaged in exclusive supply of good and whose aggregate turnover i..

Taxability of sales promotion schemes under GST

Hitesh 11 March 2019 at 11:01

CBIC has issued a circular dated 7th March 2019 clarifying matters relating to sales promotion schemes/discounts under GST.Subject:- Clarification on various do..

Comparison of Liability declared and ITC claimed enabled in GST Portal

Bimal Jain 09 March 2019 at 15:24

The Goods and Service Tax Network (GSTN) has enabled a new functionality in the GST Portal "Comparison of Liability declared and Input Tax Credit claimed&q