GST Articles

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

Posted by Guest 12 March 2019 14919 Views

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

Posted by CA Roopa Nayak 12 March 2019 162104 Views

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

Posted by Pratik Rathi 12 March 2019 19614 Views

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

Posted by CA Urvashi Joshi 11 March 2019 15925 Views

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

Posted by Hitesh 11 March 2019 4255 Views

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

Posted by Bimal Jain 09 March 2019 21130 Views

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

Posted by Mital Monani 09 March 2019 17130 Views

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

Posted by Vivek Agarwal FCA, CS, LLB 09 March 2019 37387 Views

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!

Posted by Swati Kharkia 09 March 2019 11634 Views

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

Posted by Rajesh Kumar 09 March 2019 4026 Views

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...