GST Articles
Input tax credit reversal for capital goods
Like input tax credit reversal on input and input service, there is a requirement to reverse the Input Tax Credit taken on the capital goods.ITC reversal on cap...
All you need to know about Advance Ruling under GST
Advance Ruling means a decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions spe
Returns under composition scheme have new surprises
Returns under composition scheme have new surprises. Let us unlock these surprises here for you :It was no less than a shocker when a representative from the GS...
No Cenvat credit admissible on outward transportation services
We are sharing with you an important judgement of the Hon'ble Supreme Court of India in the case of Commissioner of Central Excise & Service Tax Vs. U
GST Input Tax Credit reversal - A difficult nut to crack
Rule 42 of the Central Goods and Service Tax Rules, 2017 determines the manner for the calculation of ITC on input and input service to be reversed.To understan...
Ability to receive ITC hinges on your suppliers
Registered taxpaying businesses, choose your suppliers carefully. Under Goods and Services Tax (GST), your ability to receive input tax credit (ITC) hinges on y...
Accounts & Records to be maintained by registered person in GST
Article related to Rules for Accounts and Records under CGST Rules 2017Rule 56. Maintenance of accounts by registered persons- (Rule (1) to (18) Rule 57. Genera...
E-Way Bill: The mechanism to administer movement of Goods
The mechanism called e-Way Bill was brought introduced implementation of Goods and Service Tax Laws in India. In previous era, the mechanism called way bill was...
Audit Rules and Form under GST
Article related to Rule for conducting audit and its related FORM issued under GST Act 2017 Rule 101 Audit Rule 102 Special Audit Rule 101 Audit FORM GST ADT ...
Paid wrong GST by mistake - A hidden time Bomb
GST Being a new baby in the in the India indirect taxation regime, the mistake can happen at any point of time due to various reasons like the non clarity of GS...
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