GST Articles

Summary of GST Notifications, Circulars & Orders of November 2019

Posted by Vamshi Krishna Javvaji 14 December 2019 20219 Views

The objective of this article is to summarize all the updates of GST (Notifications, Circulars, other amendments, and updates) in one place. 11 Central tax notifications, One Central tax rate notification and 6 Circulars were issued during the month Nov�19. The same is being summarized below.

Detailed analysis of new GST returns

Posted by Sandip Agarwal 08 April 2020 10400 Views

Under the new GST return, there will be 1 main form viz. GST RET-1 (Normal), / GST RET-2 (Sahaj)/ GST RET-3 (Sugam) (i.e. the taxpayer will have to file any of the above forms) and two Annexures namely GST Anx-1 & GST Anx-2.

TDS under Goods and Service Tax (GST)

Posted by Khushboo Dave 10 June 2020 27583 Views

Tax Deduction at source is a way by which leakage of revenue to Government is ensured to some extent. Like direct Tax, TDS is also implemented for Indirect Tax....

ITC restriction on invoices or debit notes not uploaded in GSTR-1

Posted by Lalit Kumar Gupta 11 December 2019 31513 Views

Input Tax Credit restriction - Rule 36(4) of CGST Rules, 2017 inserted vide Notification No. 49/2019 dated 09th Oct, 2019 was made applicable w.e.f. 09th Oct, 2019. This article explains the ITC restrictions imposed through this rule with valid examples.

1 E-way bill, 2 GST returns, 3 victims- blocking of e-way bill

Posted by CA Umesh Sharma 08 April 2020 4468 Views

In today's conversation between Arjuna and Krishna. Krishna is addressing all the questions that Arjuna has about the FAQs on blocking of e-way bill on non-filing of the returns.

Top 7 Queries on New GST return ANX-1

Posted by Estartupindia 08 April 2020 19732 Views

The new GST return filing has now been made effective and is applicable to every one of the taxpayers.In the new returns, the taxpayer is required to file GST returns together with annexures. Here we shall try to be aware of some essential guidelines of filing the FORM GST ANX-1 with the help of Frequently Asked Questions (FAQs).

Implications of GST on Stock Lending Scheme

Posted by CA. Heet Shah 09 December 2019 8080 Views

Under GST "services" means anything other than goods, money and securities.The lending of securities is not a transaction in securities as does not involves disposal of securities and hence it gets covered under the definition of service mentioned above. The lending of securities is classifiable under heading 9977119 and is leviable to GST @18%.

Sponsorship service by charitable institute under GST

Posted by CA. Heet Shah 09 December 2019 4672 Views

The CBIC has clarified the applicability of GST on gift donations received by the charitable organizations involved in the advancement of religion, spirituality or yoga which is acknowledged by them by placing nameplates in the name of the individual donor. Know what the clarification says.

1 Click Solution for All E-way Bill Generation Problems

Posted by GST Hero 06 December 2019 26247 Views

Notification number 22/2019 dated 23rd April, 2019 notified that if GSTR returns are not filed for two consecutive return periods then EWay Bill generation for such registered taxpayers shall be blocked until the returns are filed. Know 1 click solution for all e way bill generation problems.