GST Articles

At a glance - Eway Bill

CS Karan B. Khattri 19 January 2018 at 11:21

Electronic Way Bill (E-Way Bill) is basically a compliance mechanism wherein by way of a digital interface the person causing the movement of goods uploads the ..

6 Months and 6 changes in GST !!

SAGAR PUNSHI 16 January 2018 at 11:04

The biggest Tax reform of independent India has just completed half of its first birthday, but its journey was no less than a nightmare. It has already witnesse..

Provisions for Valuation

CA PRASANTH.K 16 January 2018 at 11:04

IntroductionEvery fiscal statue makes provision for the determination of value, on which tax is normally payable on ad-valorem basis. In GST also, tax is payab..

Levy and Collection of GST

Srishti vats 16 January 2018 at 11:04

Levy and Collection of Tax Section 9 of CGST Act, 2017:-Let's divide this section into 3 parts:1.) First part (Normal charge or forward charge)2.) Second

Refund procedure for Duty Paid Exports

CA Jigar Shah 15 January 2018 at 11:50

Background-It�s already over six months since the GST was implemented. However, GST return filings are yet to be streamlined. With suspense over continuat

Input Supply on which ITC is not available - Blocked Credit

CA PRASANTH.K 15 January 2018 at 11:49

Introduction As per sub-section (1) of section 16 of CGST Act,2017 every registered person is entitled to take credit of tax paid on input supply of goods or se..

Mystery unlocked on Composition Scheme under GST Laws

CS Piyush Jain 15 January 2018 at 11:49

A. Who can opt for Composition Scheme? Businesses with annual turnover upto Rs 1.5 crore* can opt for composition scheme. Turnover of all businesses with same..

GST EWay Bills rules in Bullet Points

Udaya Chandran 15 January 2018 at 11:49

For all the goods value more than Rs.50000/-, it is optional for the goods value less than Rs.50000/- No eway bill for value less than Rs.50000/- No eway bill ..

GST ITC in respect of event management industry

CA Pradeep Kumar Rajput 12 January 2018 at 11:22

Event Industry being the small industry are equally affected by the introduction of GST a new indirect tax regime. GST has opened the new credit areas to the ev..

GST - Invoices and other documents

CA Pradeep Kumar Rajput 11 January 2018 at 11:09

Bill of Supply Issued by the registered person supplying exempted goods or services or both; and Suppliers opting for the composition levyRevised Invoice Issued..