GST Articles

Returned of expired Drugs and medicines in GST

CA. Heet Shah 22 December 2018 at 13:28

The common trade practiced followed in case of pharmaceutical sector is that the drugs or medicines are sold by ma

Common Errors : ITC (Documentation and Recording)

Madhukar N Hiregange 21 December 2018 at 10:57

BACKGROUNDThe primary focus of the industry at the time of introduction of GST was on implementation/modification of ERP module to suit GST requirements, appro..

What should one know before issuing a GST compliant tax invoice?

Anand Krishnakumar 21 December 2018 at 10:57

What should one know before issuing a GST compliant tax invoice?Almost a month ago, Rahul registered himself under GST. Since then, he had issued three tax invo..

Format for undertakings - ITC under Sec 16 of CGST ACT 2017

CA Anita Bhadra 20 December 2018 at 11:12

Letter of undertaking / Indemnity Bond from Supplier by the Recipient � Deposit of Tax & Furnishing the Return u/s 39 in order to avail ITC under sec

List of Goods and Services not Eligible for Input Tax Credit under GST

Udaya Chandran 19 December 2018 at 11:06

According to Section 17, the input tax credit is available only to the extent of the good

GST implication of income earned through Google from Youtube

CA Nikita Motwani 19 December 2018 at 11:05

After around 1.5 years of GST implementation, there are still lots of areas which are not clear. One such area is the income earned by a youtuber. With data cos..

IGST on goods supplied while being deposited in a warehouse

CA. Heet Shah 18 December 2018 at 11:22

IGST on goods supplied while being deposited in a warehouseTransfer/Sale of goods while being deposited in a custom bonded warehouse is the common trade practic..

Co-relation between Mvat audit report and GST !

CA Umesh Sharma 18 December 2018 at 11:21

Co-relation between Mvat audit report and GST !

Tax Evasion & Recovery under GST - A Brief Analysis

Sumati Bengani 17 December 2018 at 11:22

On 14th December, 2018 at 17:57 IST Ministry of Finance has released a Press Release regarding the data relating to evasion of tax and recovery thereon. The Sta..

Letter of Undertaking to claim ITC under GST

B Vinay Reddy 17 December 2018 at 11:21

Please read the below provisions to know the importance of this undertakingSec16 states Conditions and eligibility for availing Input Tax Credit:As per the prov..