GST Articles
Anti-profiteering measure for GST section
'Profit is fine, profiteering is not. Don't let someone profiteer at your expense.'
Registered under GST? Pay your Profession Tax now
With the GST coming in from July 1, 2017 numerous persons got themselves registered under the GST regime for various reasons, some mandatory while some voluntar...
Online filing of Letter of Undertaking (LUT) under GST
Much awaited process: �Filling of LUT (Letter of Undertaking) under GST in now became online�. This is surely a good step towards automation of pro
Tax Planning to save your GST
We have seen various ways to save Income Tax since ages, but what about this GST, how GST can be saved, How inflow of cash in the firm can be increased, how can...
Reversal of ITC attributable to exempt services simplified
Reversal of ITC of inputs/input services/capital goods used for effecting exempt supplies or for non-business use Sec 17(2) of the CGST Act, 2017 provides that...
Determination of Inter and Intra State Supplies
As per Section 5 of IGST Act, Integrated Goods and Service Tax (IGST) will be levied on all inter-state supplies of goods or services or both.As per Section 9 o...
When a person cannot claim ITC under GST
1) Person not registered :If a person is not registered under GST , he can not claim Input Tax Credit.2) If Supplies not used by Registered person in his busine...
GST on cryptocurrency transactions
Introduction:The objective of this article is to keep it short and sweet. This is solely based on my understanding of GST legislations. If you differ with me fo...
Implication under GST on designs provided by customer to a manufacturer
Introduction:'Customer is King' is the most popular policy followed by most of the corporate to sustain in the market & also to increase their m
FAQs on Refund under GST
What is the procedure for applying refund of GST interest?Refund of any tax, interest if any paid on such tax; unutilised input tax credit has to be applied onl...
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