GST Articles

Checklist for Unadjusted advances at the end of financial year (Clause 5C of GSTR-9C)

Posted by CA Ruchika Tulsyan 22 December 2019 27900 Views

Unadjusted advances means advances against which GST has been paid but supply has not been made and same has not been recognized as revenue in the audited finan...

35th GST council decision - Detailed Analysis

Posted by Madhukar N Hiregange 22 December 2019 12230 Views

Summary of the Press release relating to the 35th GST Council Meeting held on 21st Jun�19. Disclaimer: -This material and the informa

GST: The Hype, Rules and Benefits of GST Returns in India

Posted by Akash Kumar 21 December 2019 4684 Views

The historic moment of July 1, 2017, saw the controversial launch of the goods and services tax or GST. Slightly above 24 months, since the launch, GST has been...

Unbilled Revenue at the beginning of financial year

Posted by CA Ruchika Tulsyan 21 December 2019 71039 Views

Checklist for 5B of Part II of GST Audit� Unbilled Revenue at the beginning of the financial yearBefore understanding the scope of this point, one need to

Valuation of supplies under GST

Posted by CS CHARU VINAYAK 19 December 2019 5370 Views

'Supply' includes�all forms of supply of goods and/or services such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business.

Impact of 20% ITC in books of accounts

Posted by CS kanak 18 December 2019 23075 Views

Sub-rule (4) to rule 36 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the CGST Rules) has been inserted vide notification No. 49/2019-Central Tax, dated 09.10.2019. In his below article let's take an example to understand the impact in our books of accounts. ��

Rules for generating and carrying E-way Bill

Posted by CS CHARU VINAYAK 18 December 2019 8077 Views

The rules for generation and carrying of E-way bills.The E-way bill is an electronically

Powers of a GST Officer

Posted by CS CHARU VINAYAK 18 December 2019 14325 Views

The powers exercised by the officers under GST.Powers of officers under section 5Subject to such conditions and limitations as the CBIC may impose, an officer o...

GST on health services

Posted by Swami Ayyappa Nuli 18 December 2019 13421 Views

GST on Medical tests such as Complete blood count, Basic Metabolic panel, Thyroid test, Urinalysis, Hemoglobin�test, X-ray, E.C.G, Kidney function test, Scanning and Other similar tests

How has GST changed India's economy

Posted by Neeraj Bora 18 December 2019 6807 Views

With the dawn of 30th June, 2017, ended the earlier regime indirect taxation where we had different tax rates for every state. With the broad day sunlight of 01st July, 2017 started the era of GST in India. Let's walk through how GST has revolutionized India's economy.