GST Articles
GST- Understanding the basic concepts
GST- Understanding the basic concepts
Key Expectations from 40th GST Council Meeting
As on the 12th June 2020, almost after two months of lockdown due to Covid-19, the GST Council is now planning to hold its 40th GST Council meeting.
How to file NIL GST return by SMS?
CBIC has introduced NIL filing of Form GSTR 3B vide Notification No 44/2020 - Central Tax dated 8th June, 20. Rule 67A of the CGST Rules, 2017 has been notified for giving effect to this change.
GST under RCM on Director's Remuneration
As per S.No 6 of the said notification, a company or a body corporate located in the taxable territory is liable to pay GST on RCM basis on services received from its directors.
Clarification on levy of GST on Directors' Remuneration
CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
Clarification related to GST Refund - ITC populated in GSTR 2A
Circular ON GST Refund clarifies that the treatment of refund of such ITC relating to imports, ISD invoices and the inward supplies liable to RCM supplies will continue to be the same as it was before the issuance of Circular No. 135/05/2020
GSTR-9 and 9C- Aspects that need clarification
As we all know the due date for filing GST Annual Return and GSTR-9C is 30.09.2020. But still there is no clarification regarding the manner of presenting details in the respective returns.
Levy of GST on Director's Remuneration | Decoding CBIC Clarification
CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.
TDS under Goods and Service Tax (GST)
Tax Deduction at source is a way by which leakage of revenue to Government is ensured to some extent. Like direct Tax, TDS is also implemented for Indirect Tax....
GST Latest notifications issued on 9th June 2020
Central Government has issued 3 Notification on 9th June 2020. Details, explanations, and impact of all these Notifications been summarised precisely herein.
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