The article summarizes the GST notifications issued on 9th October 2019
Today, most of the tax professionals are not doing Input Tax Credit reconciliation for their clients. It is understandable that doing ITC reconciliation for all the clients is very time consuming and the fees received from the client may not be sufficient.
Understanding of Place of Supply is imperative to decide whether a particular transaction is inter-state or a intra state transaction. If we identify a particular transaction as inter or intra state then we have to charge CGST & SGST/UTGST in case of intrastate transaction and IGST in case of Inter-state transaction otherwise than any exemption is available.
GST ITC 20-20 match begins, play safe!
Amendment restricting GST ITC and other changes in GST Laws
The government has come up with the new notification No. 49/2019 - Central Tax dated 09-10-2019. Through the said notification the government has made the GST input tax credit calculation even more complicated
GST implications on seigniorage charges (royalty) paid to the government for miningGST has always been confusing for the mining industry with its never ending c...
As per Notification no. 49/2019 Central Tax dated 09.10.2019 changes in CGST Rules have been made.
The central government vide Notification no 49/2019 central tax dated 9/10/2019 has made amendments to CGST Rules, 2017.
Capping of 20% ITC w.r.t invoices/debit-notes not uploaded by supplier in GSTR-1
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