Articles by Rohit Kumar Singh

GST Update - Quoting of HSN on Tax Invoices

Posted by Rohit Kumar Singh 16 March 2021 12660 Views

Discussing GST Updates w.r.t Quoting of HSN Classification on Invoices, Table for HSN/SAC reporting based on Turnover & Nature of Supplies and Steps for implementation of the same.

Clarification on RCM on renting of motor vehicles and extension of due date for Annual Return for 2017-18 by CBIC

Posted by Rohit Kumar Singh 16 March 2021 28927 Views

This article talks about the extension of the due date for furnishing the annual return for the year 2017-18 by CBIC and the clarification on RCM on renting motor vehicles.

Blocking of GST Credit and Restriction of ITC to 10% of GSTR 2A

Posted by Rohit Kumar Singh 15 March 2021 10805 Views

The GST Council in its 38th Meeting held on 18th December, 2019 at New Delhi decided to take certain measures to curb the issue of ITC being availed on fake invoices as well as fall in monthly GST revenue collection.

Implementation of E-Invoice for Turnover over Rs 50 Crores

Posted by Rohit Kumar Singh 10 March 2021 2375 Views

CBIC has issued Notification No 05/2021 - Central Tax dated 8th March 2021 for the implementation of e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 50 Cr from 1st April 2021.

Selection of Core Business Activity on GSTN Portal

Posted by Rohit Kumar Singh 09 March 2021 10515 Views

Taxpayers are required to select their business activity only once, as - Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login, based on the highest turnover amongst them.

Process for Aadhaar Authentication or EKYC for Existing Taxpayer

Posted by Rohit Kumar Singh 09 January 2021 9550 Views

GSTN has issued an advisory on 6th Jan 21 for existing taxpayers to complete Aadhaar Authentication or e-KYC. In this article, we discuss the update released on the GST Portal, regarding the same.

Changes in GST Rules relating to Registration, ITC and Returns

Posted by Rohit Kumar Singh 26 December 2020 2691 Views

CBIC has issued Notification No 94/2020 - Central Tax for amendment in CGST rules vide CGST (Fourteenth Amendment) Rules, 2020. The changes have been discussed in a lucid manner for better understanding.

Auto Population of details in Form GSTR 3B from Form GSTR 1 and GSTR 2B

Posted by Rohit Kumar Singh 21 December 2020 11545 Views

A thorough reconciliation is required on a periodical basis (monthly or fortnightly) for eliminating any eligible credit being left out of a claim of excess ITC.

Application for unblocking of E-Way Bill Facility

Posted by Rohit Kumar Singh 01 December 2020 4561 Views

Online filing of the application (Form GST EWB 05) by the taxpayer for un-blocking of E-Way Bill (EWB) generation facility from 28th November 2020.

Updates on E-Invoicing and Important Resources issued by GSTN

Posted by Rohit Kumar Singh 20 November 2020 2988 Views

From 1st January 2021, the Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards).