GST Articles
An overview of e-invoice under GST
Every aspect of e-invoice under GST
Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!
Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!
IGST exemption vis-a-vis pre-import condition
Advance Authorisation (AA), is one of the schemes under Foreign Trade Policy, 2015-20 (hereinafter referred to as the 'FTP') which allows the manufacturer exporter or merchant exporter to import inputs without payment of customs duties in terms of chapter 4 of FTP read with Notification No.18/2015 Cus dated 01.04.2015 as amended.
GSTR1 Returns and its effect on the availment of input credit under the 20% Input credit rule
The provisions relating to the cap of 20% on availing input tax credit notified as per Notification no 49/2019 dated 9th October 2019 only adds salt to the wound as businesses which are already reeling under the present adverse economic conditions.
GST not payable on volume discount where no GST adjustment is made: AAR
Synopsis: The Hon'ble AAR, Karnataka in the case of M/s Kwality Mobikes (P) Ltd. inAdvance Ruling No. KAR ADRG 7/2019 decided on September 24, 2019 has held tha...
Restriction of Input Tax Credit to 20% - Breakdown
MOF vide notification no. 49/2019 - Central Tax dated 09th October, 2019 vide powers conferred on central government under section 164 of Central Goods and Services Tax Act, 2017, through CGST (Sixth Amendment) Rules, 2019, has inserted sub-rule (4) in rule 36 on Documentary requirements and conditions for claiming Input Tax Credit.
Renting of Motor Vehicles - RCM
Among the other decisions taken in 37th GST Council Meetings held on 20th September 2019, liability to pay tax on reverse charge basis on service of renting of motor vehicles is also decided and made effective through notification no 22/2019 Central Tax (Rate) dated 30th September 2019 w.e.f. 1st October 2019
GST Compliance calendar for the month of Nov 2019
Compliance Calendar for the month of November 2019
Refund under Inverted Duty Structure and Verdicts
The article discusses on the Refund under Inverted Duty Structure and Verdicts
Seats for railway coaches taxable @18% GST: AAR
The Hon'ble AAR, Punjab in the matter of M/s. Sutlej Coach Products Pvt Ltd. held that 'Seats for Railway Coaches' supplied to Rail Coach Factory falls under Heading 9401, liable to GST at 18%, and cannot be classified at 5% under HSN 8607 as parts of Railway.
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