GST Articles

A Complete Understanding Of Input Tax Credit Under GST

Posted by CA Vivek chaudhary 25 September 2019 43940 Views

What is Input Tax Credit(ITC): ITC means deducting the tax paid on Inputs and Inputs Services from the tax payable on final output.

GST on Real Estate

Posted by Kusum Gandhi 23 September 2019 25779 Views

GST on Real Estate - Real Estate is one of the globally recognized sectors. Indian Government agenda on Housing for All by 2022 and Real Estate sector got a boost with Budget 2019.

"Six things must To Do" in Sept-19 for every GST registered person!!

Posted by Sagar Gambhir 23 September 2019 25453 Views

20th October 2019 is approaching soon & every person registered under GST must be aware that 20th October, 2019 is the due date for availing ITC for FY 2018-19. The extract of section 16(4) of CGST Act, 2017 is reproduced below for reference.

Input Tax Credit in GST regime: Deep dive into its enthralling aspects

Posted by Puneet Bansal 23 September 2019 4503 Views

It is advisable that the taxpayers avail ITC for FY 2018-19 in GSTR-3B of September 2019 (to be filed by October 20, 2019) to avoid any disputes.

Suvidha in Income Tax, Duvidha in GST

Posted by CA Umesh Sharma 23 September 2019 7758 Views

Seeing the changes made in Income Tax, same were expected in GST. But only law and procedure-related changes were recommended. Also, GST rates related to supply of goods and services were proposed to change.

GST and Income Tax Implications for YouTubers

Posted by CA VARUN SHARMA 23 September 2019 9843 Views

Many YouTubers are individuals and freelancers who earn by making videos on YouTube. When one earns from YouTube it is subject to tax under both GST and Income Tax.

Claim ITC and rectify errors for transactions disclosed in GST Returns pertaining to the FY 2018-19

Posted by Rohit Kumar Singh 23 September 2019 6131 Views

Taxpayers under regular category are filing GSTR 1 and GSTR 3B to report their transactions. GSTR 1 is for reporting of details of outward supplies including amendments if any and GSTR 3B is for reporting summary transactions for payment of taxes and claiming ITC.

Key highlights from 37th GST Council Meeting

Posted by CA Shubham Kumar 23 September 2019 4760 Views

The 37th GST Council meeting took place on 20th September 2019 at GOA. In this meeting, the council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemption and clarification on connected issues. Further, the council has been proposed to changes in some procedural aspects under GST.

Major GST council decisions in meeting held on 20th Sep'19

Posted by CA Ashish Garg 23 September 2019 2940 Views

GST RATES (PRESS RELEASE DATED 20TH SEP, 19) Hospitality and tourism: 1. To reduce the rate of GST on hotel accommodation service as below: - ...

Changes proposed in 37th GST Council Meeting held on 20th September 2019

Posted by Rohit Kumar Singh 21 September 2019 16330 Views

The GST Council in its 37th meeting held on 20th September 2019 at Goa discussed and approved: (i) Some policy recommendations; (ii) certain amendments in the GST Law; (iii) reduction in GST rates for certain category of goods and services; and (iv) clarifications on GST rates for existing goods or services