Articles by Rohit Kumar Singh
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Ineligible ITC under GST
For a taxpayer, it is essential to determine whether the tax paid on the inward supplies is eligible as Input Tax Credit (ITC) or shall fall within the ambit of ineligible ITC. Section 17(5) of CGST Act 2017 provides for cases wherein a taxpayer would not be entitled to claim ITC unless it falls within the exceptions as provided.
Reporting of ITC in GSTR 3B and other details in GSTR 1 and GSTR 3B
The GST Council in their 47th meeting at Chandigarh proposed changes in Form GSTR 3B as well as suggested new disclosure requirements for GSTR 1 and GSTR 3B. We have summarised the Circular No 170/02/2022-GST dated 6th July 2022 as well as presented the changed Form GSTR 3B for better understanding and clarity.
Notifications pursuant to 47th GST Council Meeting
CBIC has issued Non-Rate Notifications giving effect to the recommendations of the GST Council meeting
Snapshot of the GST Council Meeting Recommendations
You may wonder the impact of the recommendations of the GST Council meeting concluded on 29th and 30th June 2022. We bring a concise summary of changes pursuant to said meeting for better understanding.
Outcome of 47th GST Council Meeting
The GST Council met for the 47th time on 28th& 29th June 2022 at Chandigarh.
Standard Operating Procedure (SOP) for Scrutiny of returns for FY 2017-18 and 2018-19
We bring to you a summary of the instruction along with indicative list of parameters for scrutiny (though the list is indicative and proper officer may include additional parameters).
GST Proposals in Union Budget 2022
The Union Finance Minister while presenting the Union Budget 2022 on 1st of February 2022, made few important changes in the GST Laws
Interest Calculator introduced in GSTR 3B
As a facilitation measure for taxpayers and for assisting the taxpayers in doing a correct self-assessment, a new functionality of interest calculator is being released in GSTR-3B.
Guidelines for recovery for self-assessed tax (GSTR 1 vs GSTR 3B)
Central Government introduced amendment to Section 75 (12) of the CGST Rules, 2017 by inserting an explanation thereby paving way for recovery of self-assessed tax without having to resort to proceedings u/s 73 or Sec 74 of the Act.
Blocking of filing of GSTR 1 if GSTR 3B is pending
GSTN portal has implemented Rule-59(6) of the CGST Rules, 2017 with immediate effect. As per Notification No. 35/2021 - Central Tax dated 24th September 2021, clause (a) of the sub-rule (6) of Rule 59 of CGST Rules, 2017 was amended.
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