CAclubindia Articles

How GST E-invoice will work!

CA Rakesh Sharma 29 October 2019 at 11:03

The GST Council approved the standard of e-invoice in its 37th meeting held on 20th Sept 2019

Advance Ruling for ITC on inward supplies of goods & services given as gifts

Kusum Gandhi 26 October 2019 at 13:01

Case Law Details Legal Name of Applicant Surfa Coats (India) Pvt. Ltd Details of Application GST-ARA, Application No. KAR AD..

No deduction if return not filed

sivadas chettoor 25 October 2019 at 11:04

There may be some hope for relief from the courts based on the 1955 circular of CBDT and the decision of the Supreme court in Goetze case but it appears to be very risky. Therefore the author would advise all the entities to file the return immediately before 31-10-2019 without going for risky adventurous legal battle.

20% Formula for Input Credit - Is History repeating itself?

Seetharaman K C 23 October 2019 at 11:54

The Central Board of Indirect Taxes and Customs issued notification no 49/2019 dated 09-10-2019, amending the rules for claiming Input Tax Credit wherein the government has capped the ITC that a registered person can claim.

TDS on payments made to government/government agencies

vaishak prasad 23 October 2019 at 11:54

As most of you are aware, from years this issue is bothering many vendors who are dealing with either the government or with governmental agencies. I researched..

Steps to generate e-invoice under GST

CA Ruchika Tulsyan 22 October 2019 at 11:02

Background: GST Council in its 37th Council meeting held on 20 September 2019 approved the standard of E-Invoice and it has been publish on GST portal.

Treatment of Notional Loss on account of Mark-to-Market

Suresh Thiyagarajan 22 October 2019 at 11:02

Before going into the concept of notional loss arising out of Mark-to-Market on forward contract, let's brush up some important basic definitions relating to the above treatment.

GSTR 9 Annual Return Filing - You Can't Ignore These 6 Critical Steps

GST Hero 21 October 2019 at 16:30

It has been clarified by the Government that one should take GSTR 3B as a base while filing GSTR 9. To simplify GSTR 9 filing process, one must follow the steps which has been mentioned in this article.