GST Articles

Treatment of sales promotion scheme under GST

Manu Gawri 20 March 2019 at 13:02

Principal commissioner(GST) of Central Board of Indirect Taxes and Custom vide its letter dated 7th March 2019 has clarified the following issues:- The issue..

Making payment of GST liability for the month of Feb 2019

CA Nilesh Mahajan 19 March 2019 at 11:24

As per newly inserted Section 49A, ITC on account of CGST and SGST can be utilised towards payment of CGST, SGST and IGST as the case may be only after ITC avai..

Enjoy the Holi colours with multicoloured GST

CA Umesh Sharma 19 March 2019 at 11:23

Dear Sir/Madam,The festival of holi is celebrated with great enthusiasm all over India.Various colors of holi denote various circumstances that a taxpayer has t..

GST audit desk review

CA Saba Naaz 18 March 2019 at 11:07

Desk review is the first and foremost step taken by an Auditor to conduct an audit . It simply means performing initial audit procedures in the office itself wi..

Revised GST Rates for Real Estate - Bonanza Or Distress

Neha Sethi 18 March 2019 at 11:06

The GST Council in its 33rd GST Council Meeting on February 24th, 2019, has given in principle ap

GST - War has just begun

Mithilesh Brahmbhatt 15 March 2019 at 17:16

Background of GST:�Goods and Services Tax (GST)� was proposed and given a go-ahead in the year 1999 during a meeting b

GST- Sales Promotion - Circular 92 dt.7.3.19 Analysed

Madhukar N Hiregange 15 March 2019 at 12:06

This circular was on sales promotional schemes and the availability of tax credit (ITC). It clarified the position of GST as under: A. Free Samples/ Gifts: In

A round up of GST amendment in Credit & Debit Notes viz-a-viz post supply discounts

Bimal Jain 13 March 2019 at 16:15

Background:The Interim Budget 2019 did not propose any changes with respect to Indirect Tax. In as much as GST is concerned, the GST Council in its 28thmeeting ..

Normal, Sahaj and Sugam - The all new GST return forms

Guest 12 March 2019 at 19:53

The proposed GST returns Normal, Sugam and Sahaj have been released by the CBIC. Assessees with a turnover of up to Rs. 5 crores will have an option to choose

ITC on gifts under GST

CA Roopa Nayak 12 March 2019 at 11:26

Background Every registered person is eligible to avail credit of input tax charged on any supply of goods or services, which are used in the course or �f