GST Articles
Enjoy the Holi colours with multicoloured GST
Dear Sir/Madam,The festival of holi is celebrated with great enthusiasm all over India.Various colors of holi denote various circumstances that a taxpayer has t...
GST audit desk review
Desk review is the first and foremost step taken by an Auditor to conduct an audit . It simply means performing initial audit procedures in the office itself wi...
GST - War has just begun
Background of GST:�Goods and Services Tax (GST)� was proposed and given a go-ahead in the year 1999 during a meeting b
Revised GST Rates for Real Estate - Bonanza Or Distress
The GST Council in its 33rd GST Council Meeting on February 24th, 2019, has given in principle ap
GST- Sales Promotion - Circular 92 dt.7.3.19 Analysed
This circular was on sales promotional schemes and the availability of tax credit (ITC). It clarified the position of GST as under: A. Free Samples/ Gifts: In
A round up of GST amendment in Credit & Debit Notes viz-a-viz post supply discounts
Background:The Interim Budget 2019 did not propose any changes with respect to Indirect Tax. In as much as GST is concerned, the GST Council in its 28thmeeting ...
Normal, Sahaj and Sugam - The all new GST return forms
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
Understanding of Reverse Charge Mechanism (RCM) under GST
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 ...
ITC on gifts under GST
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
Comparison of Liability declared and ITC claimed enabled in GST Portal
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
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