GST Articles

Summary of GST Notifications, Circulars & Orders of November 2019

Posted by Vamshi Krishna Javvaji 14 December 2019 20193 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.

Deemed exports in Annual Return GSTR 9

Posted by RENGARAJ R.K 14 December 2019 6377 Views

Introduction: As 30th June, 2019 is fast approaching the GST Practitioners, auditors and assessees are involving themselves in filing annual return GSTR 9 and ...

Issues reported in filing Form GSTR 9/9C by taxpayers: Steps to be taken

Posted by Guest 13 December 2019 25177 Views

Taxpayers have reported some issues in filing their Form GSTR 9/9C, which are clarified below: (A) Relating to Annual Return Form GSTR 9: 1. Auto-po...

Practical Solution for Issues in ITC Reporting in GSTR-9

Posted by Sagar Gambhir 11 December 2019 26119 Views

GST law was supposed to Simply the Indirect Tax Practice & Compliance thereof. But the same seems to be nightmare. Annual GSTR 9 format introduced by GST Au...

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

Posted by Lalit Kumar Gupta 11 December 2019 31496 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.

GST New Return Advisory on announcement by CBIC dt. 11th June'19

Posted by Shubham Dholiyan 10 December 2019 10492 Views

Large Tax payers (Having Turnover > 5 Crores)OLD RETURNS GSTR 3B to be filed till November 2019 GSTR 1 to be filed till September 2019NEW RETURNSFor October

GST on Multimodal Transportation

Posted by CA Ashwini Seeram 10 December 2019 13248 Views

The implementation of and adherence to a new law is always a complicated and cumbersome exercise. This was no different in case of the GST law in India. The law brought

Applicability of GST upon cancellation of flats

Posted by Asiya Begum 09 December 2019 24380 Views

Tax / GST treatment to be given in case of cancelled flats ...

Implications of GST on Stock Lending Scheme

Posted by CA. Heet Shah 09 December 2019 8050 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 4650 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.