GST Articles

GST exemption on the upfront amount payable in installments for long term lease of plots

Posted by Rohit Kumar Singh 03 May 2019 7726 Views

Update Category GST exemption on the upfront amount payable in installments for long term lease of plots Update Source Not...

Debit Note in GST vs Accounts

Posted by CA Arun Chhajer 02 May 2019 38015 Views

DEBIT NOTEMeaningIn Accounts ,Debit Note can be raised either by Supplier or by Recipient. However as per Section 34 of CGST Act 2017, Debit Note can only be is...

GST Audit - How to Reconcile GSTR 3B and GSTR 1

Posted by Mudit Goyal 02 May 2019 18645 Views

How to map GSTR 1 vs GSTR 3B GSTR-1, filed by the supplier, contains invoice-wise and category-wise details of all outward supplies made in a year GSTR-3B is t...

Changes in taxation of Works contracts service under Real Estate

Posted by CA Umesh Sharma 30 April 2019 8989 Views

Arjuna(Fictional Character) : Krishna, some changes have been made in relation to works contract, please tell something about it.

Utilization of ITC: Practical Scenarios

Posted by Padmanathan Kv 30 April 2019 6161 Views

The CGST (Amendment) Act, 2018 has amended section 49(5) and inserted Section 49A and 49B which has drastically rationalized the utilization of ITC. This articl...

GST on Real Estate: Development Rights, long term lease and FSI

Posted by Padmanathan Kv 29 April 2019 13636 Views

With effect from 1st April 2019, CBIC vide a series of notification reduced the GST rates for real estate projects. Apart from various conditions to be fulfille...

GST procedure on return of time expired drugs or medicines

Posted by CA Purva Dhoot 29 April 2019 10949 Views

Whenever one buys any medicine or drugs, one never forgets to check its expiry date. Medicines and drugs have defined life term. They always come with an expiry...

Benefit of Lower GST rate for services of Works Contract

Posted by CA Ishu Mittal 26 April 2019 10415 Views

In case of composite supply of �works contract�* as defined in section 2(119) of CGST Act, 2017, other than(i) Construction of affordable residen

Enhancement in E-Way Bill and Restriction under Rule 138E of CST

Posted by Padmanathan Kv 26 April 2019 4650 Views

E-way bill is an Electronic bill for the movement of goods under GST which can be generated on the E-Way Bill portal. Recently some enhancements have been made ...