GST Articles

Search and inspection under GST based on true events

Posted by CA. PIYUSH KAPOOR 07 November 2019 3527 Views

Meaning under GST ACT�Search� involves an attempt to find something. Search, in tax/legal parlance, is an action of a government official (a tax off

GST Auditors! Don't Miss These 7 Checkpoints While Filing GSTR 9C

Posted by GST Hero 07 November 2019 50279 Views

Deadline for filing GSTR 9 C is approching near. In this article we have summarized 9 checkpoints that you should keep in mind while filing your GST Returns.

A one-time option in GST for ongoing real estate projects

Posted by CA Anita Bhadra 06 November 2019 6079 Views

A one-time option has been given for on-going projects (not completed by 31 March 2019) to continue to pay tax at the existing GST rates (effective rate of 8

Composition Scheme to service providers

Posted by Padmanathan Kv 06 November 2019 10800 Views

Earlier composition scheme was available only to manufacturers and traders. With effect from 1st April 2019, central government, on recommendation of the counci...

Complete list of exempted goods in GST

Posted by CS CHARU VINAYAK 06 November 2019 10115 Views

The following goods imported by Privileged Persons, Organizations, Authorities and Foreigners are exempt from IGST, keeping in mind various multilateral and bil...

Application for Revocation of Cancellation of GST Registration

Posted by Shubham Kansal 05 November 2019 8422 Views

CBIC Clarification on Application for Revocation of Cancellation of GST RegistrationCBIC has issued Circular No. 99/18/2019-GST dt 23 April 2019 for Clarificati...

Mandatory Books to be Maintained by a Registered Taxable Person

Posted by Shraddha kapoor 05 November 2019 7323 Views

As per Section 35 of the Act, read with Draft Accounts and Records Rules, a registered taxable person needs to maintain the following mandatory books of on a tr...

GSTR1 Returns and its effect on the availment of input credit under the 20% Input credit rule

Posted by Seetharaman K C 05 November 2019 16863 Views

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.

Analysis of Summary of FAQs on real estate dated 7th May '19

Posted by Madhukar N Hiregange 05 November 2019 4616 Views

There are various aspects that are clarified in the FAQs released vide F.No. 354/32/2019 by Tax Research Unit, Department of Revenue on 7th May�19. Many