GST Articles

Assessment under the GST Law

Posted by CA. RAUNAK AGARWAL 19 May 2020 2961 Views

Assessment (Section 2(11) of The CGST Act, 2017) - Assessment means a determination of tax liability under this act and it includes self- assessment, re-assessment, provisional assessment, summary assessment, and best judgment assessment.

Refund Under GST - Recent Issues & Clarification

Posted by Ashish Mittal 19 May 2020 5161 Views

Various issues that came in notice of CBIC have been dealt to a great extent with time. Continuing the same another circular has been issued on 31st March 2020 addressing various issues & discrepancies faced by department, taxpayers, and directions received from courts.

Amended transitional arrangements for ITC notified u/s 140 of CGST act

Posted by CS Lalit Rajput 19 May 2020 8354 Views

Central Board of Indirect Taxes and Customs, Ministry of Finance, (Department of Revenue)vide Notification No. 43/2020 - Central Tax dated 16th May, 2020 has issued notification which Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017.

Eligibility and Conditions to take ITC| Section 16 of the CGST Act

Posted by Tanya gupta 18 May 2020 8346 Views

Sec 16(1) states that "Every person shall, subject to such conditions as may be prescribed and in the manner specified in sec 49, be entitled to take ITC charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.

Recent updates and notifications in GST

Posted by CA Urvashi Joshi 18 May 2020 19437 Views

Clarify restrictions in availment of input tax credit in terms of Rule 36(4)[i]Rule 36 relates to Documentary Requirements and Conditions for claiming Input Tax...

Important Changes in Form GSTR-9 and GSTR-9C

Posted by CA Umesh Sharma 17 May 2020 9877 Views

Important Changes in Form GSTR-9 and GSTR-9C

Clarification on GST on salaries paid to CEOs or Employees

Posted by CA Shubham Kumar 17 May 2020 28898 Views

Recently Central Board of Indirect Taxes & Customs (CBIC) issued a clarification on GST implication on Salaries paid to key management personnel and employees. In this clarification, CBIC clarifies that GST is not applicable to the salary paid to the employees because it is under schedule III of the CGST Act, 2017.

New hurdle in GST compliances by the Government

Posted by Pankaj Kannaujiya 17 May 2020 3803 Views

The government changed the Rules & Conditions for claiming the Input Tax Credit (ITC) in GSTR-3B CBIC has inserted the new Sub-rule (4) to Rule 36 with effect from 09.10.2019

Madras HC allows credit transition of cesses viz. EC, SHEC and KKC into GST

Posted by Bimal Jain 16 May 2020 2642 Views

The Hon'ble HC, Madras in the matter of M/s Sutherland Global Services Private Limited v. Assistant Commissioner CGST and Central Excise, has allowed the writ petition challenging the denial of transitional credit of Education Cess ("EC"), Secondary and Higher Education Cess ("SHEC") and Krishi Kalyan Cess ("KKC") into GST regime through the TRAN-1 declaration.