Articles by Shivani Dundlodia

Section 194Q and 206C(1H) - Lets resolve the confusion

Shivani Dundlodia 26 August 2021 at 09:50

Primarily both the sections seem similar. However, whenever Section 194Q becomes applicable, Section 206C(1H) will not be applicable. Section 194Q is a priority section over Section 206C(1H).

TDS on purchase of Goods - 194Q

Shivani Dundlodia 25 August 2021 at 09:26

Under Section 194Q the buyer deducts an amount equal to 0.1% of such sum exceeding Rs 50 lakhs in case the supplier of goods provides the buyer with its valid PAN details.

Insights of GSTR 2A, GSTR 2B and GSTR 3B

Shivani Dundlodia 23 August 2021 at 09:32

GSTR 2A and GSTR 2B are purchase-related auto-populated statements while GSTR 3B is a self-declaration summary return for both inward and outward supplies in a consolidated manner.

Confused while claiming ITC & the fuss for Rule 36(4) - Lets find out why?

Shivani Dundlodia 20 August 2021 at 09:33

To minimize the drawbacks of 2A, a new statement was launched i.e GSTR 2B. It is a static, month-wise auto-populated statement reflecting details of all the purchase-related details.

Implications of GST fraud and non-fraud cases

Shivani Dundlodia 19 August 2021 at 09:22

Fraud and non-fraud cases are different from one another, and hence the tax and penalty amount with its provisions are also different. Let' s find out what are the implications of both fraud and non-fraud cases in GST.