GST Articles

Extension of GST Annual Return: Much needed relief

Posted by Guest 27 August 2019 12402 Views

The Central Board of Indirect Taxes and Customs on the 26th August,2019 vide Order No. 7/2019-Central Tax extended the due date to file GSTR-9/9A/9C from 31st August 2019 to 30th November 2019.

Bombay HC issues notice in writ challenging Rule 89(5) denying refund of 'input services' under inverted duty structure

Posted by Bimal Jain 26 August 2019 12455 Views

Facts:M/s Raymond UCO Denim Private Limited ('Raymond' or 'the Petitioner'), approached the Hon'ble Bombay High Court challenging the vires of Rule 89(5) of the CGST Rules, 2017('CGST Rules') on the ground that it runs contrary to the provisions of S

Reversal of Input Tax Credit Availed under GST Regime

Posted by Dilip K Raina 26 August 2019 17758 Views

One of the major steps to curb false/fraudulent claims of input tax credit was initiated under Goods and Services Tax regime by introducing a procedure to reverse the amount of input tax credit availed within 180 days in case no or part payment is made to the supplier of goods or services with interest as notified under section 50(1).

Need Valuation. Whom should I approach?

Posted by CMA Harshad S Deshpande 26 August 2019 2356 Views

Valuation refers to calculation of value of business/ underlying asset / liabilities of entity. One of key factors which drives valuation process is purpose. The Valuation approach will depend on the purpose for which the valuation is done.

Dahi Handi of GST Annual Return and GST Audit

Posted by CA Umesh Sharma 26 August 2019 5206 Views

Arjuna (Fictional Character): Krishna, this is 300th Karneeti article and on the eve of Janmashtami, it's double celebration. Janmashtami was celebrated with great enthusiasm, all the "Govindas" tried hard for reaching "Dahi Hand" by forming pyramid and breaking "Dahi Handi".

Steps to be taken by taxpayers to file Form GSTR 9C

Posted by Guest 21 August 2019 13448 Views

1. Digital Signature Certificate (DSC)i. Digital Signature Certificate (DSC) must be PAN based and in format PKCS7.ii. DSC must not be corrupted.iii. DSC should...

Registration under GST for works contract

Posted by CA S K MISHRA 21 August 2019 17832 Views

The registration under GST is PAN based and State-specific. Every taxable person (subject to threshold limit) is required to obtain a PAN based registration in ...

How to resolve technical glitches while uploading GSTR-9C?

Posted by CA Umesh Sharma 20 August 2019 10908 Views

Arjuna (Fictional Character): Krishna, GST department has come out with statistics that only 1% of GST Audit Report

GST on Legal Services Provided by Advocates

Posted by CA Arun Chhajer 19 August 2019 111454 Views

Is GST applicable to legal services provided by advocates, senior advocates and advocate firms? Are they covered under Reverse Charge Mechanism (RCM)? Is an advocate required to be registered under GST? When are legal services exempt from GST?