GST Articles

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

Understanding of Reverse Charge Mechanism (RCM) under GST

Pratik Rathi 12 March 2019 at 11:26

Normally, the supplier of goods or services pays the tax on supply. In the case of Reverse Charge Mechanism, the receiver of goods or service is becomes liable ..

Summary of 7th March GST notifications

CA Urvashi Joshi 11 March 2019 at 11:01

Exemption from registration for any person engaged in Exclusive supply of goods.[1]Any person engaged in exclusive supply of good and whose aggregate turnover i..

Taxability of sales promotion schemes under GST

Hitesh 11 March 2019 at 11:01

CBIC has issued a circular dated 7th March 2019 clarifying matters relating to sales promotion schemes/discounts under GST.Subject:- Clarification on various do..

Comparison of Liability declared and ITC claimed enabled in GST Portal

Bimal Jain 09 March 2019 at 15:24

The Goods and Service Tax Network (GSTN) has enabled a new functionality in the GST Portal "Comparison of Liability declared and Input Tax Credit claimed&q

GST Amendments effective from 1st April 2019

Mital Monani 09 March 2019 at 11:21

The GST Council in its 32nd meeting held on 10th Jan 2019, interalia, had took following decision which is made effective from 1st April, 2019 by way of relevan..

GST tasks to be done by March 2019 end

Vivek Agarwal FCA, CS, LLB 09 March 2019 at 11:20

FOR FY:2017-18 If you have not claimed ITC for FY:2017-18 till date, March 2019 is the last chance to claim ITC. If you want to make any corrections or amendmen..

Amendment in Section 17(5) - ITC basket gets bigger!

Swati Kharkia 09 March 2019 at 11:20

The CGST Act, 2017 has been amended for the first time since the implementation of GST in India vide the CGST (Amendment) Act, 2018. Although the amendments wer..

Input Tax Reversal on Gift or Free Supply

Rajesh Kumar 09 March 2019 at 11:20

Central Board of Indirect Taxes and Customs have come out with a clarification vide Circular No. 92/11/2019-GST dated 07.03.2019, clarifying on various doubts r..

Increase in threshold limit to Rs 40 Lakhs for supply of goods

Mayur 09 March 2019 at 11:20

A. As decided in GST Council meeting the CBIC has issued notification 10/2019 which increases the thresh hold limit to obtain a registration to Rs. 40 Lakhs onl..