GST Articles

India's GST one of the most complex: World Bank Report

Prajjwal Kaushik 16 March 2018 at 15:59

While implementing the new indirect taxation regime, Prime Minister said it�s going to be Good & Simple Tax. However, World Bank as per their latest r

Composition Scheme

Arjun N 16 March 2018 at 11:00

IntroductionGST has become a great issue for small business men who used to get their simple VAT return filed in a quarter, but under this GST regime it is requ..

Determination of Time of Supply of Goods

Udaya Chandran 13 March 2018 at 10:36

The liability to pay tax arises at the time of supply, time of supply is determined as per the below provisions:Time of

Eway bill to be introduced from 1st April 2018

Bimal Jain 12 March 2018 at 11:28

Key outcomes of 26th GST Council meeting � Continuation of GSTR-3B, tax exemptions for exporters; applicability of E-way billThe all-powerful GST Council

Outcome of the 26th GST council meeting

PARAMESHWAR.J 12 March 2018 at 11:28

In its 26th meeting held on 10 March 2018, the GST Council has decided to extend the present system of compliance for taxpayers for another 3 months up to June ..

Reverse Charge Mechanism deferred to 30th June 2018

PARAMESHWAR.J 12 March 2018 at 11:27

GST Council in its 26th meeting held in New Delhi on 10th March, 2018 has made the following recommendations which are stated below: Return filing system:Due d..

Practicality of Reimbursement deduction in GST

Madhukar N Hiregange 10 March 2018 at 12:49

The tug of war of the revenue to include every cost incurred by the supplier in the value of goods and services and the efforts of tax payers seeking out ded..

Carry forward of KKC, EC and others into GST - High Court Decision

CA Venkatprasad Pasupuleti 09 March 2018 at 17:09

Education Cess was being levied on Central Excise and Service Tax from 10.09.2014. Education Cess paid on the purchase was available as credit against payment o..

Step by Step guide for filing Form GST TRAN 2 form

Raneja Daga 09 March 2018 at 17:08

TRAN 2 can be filed only if TRAN-1 and GSTR 3B of the relevant tax period is filed.Step 1. Navigate to the TRAN 2 page of the desired tax period after logging i..

Unclear for ITC utilisation under GST?

Shrijay Sheth 08 March 2018 at 11:27

The mechanism of GST includes payment of taxes under Integrated GST or Central GST & State GST mechanism based on the place of supply of services. Already p