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Returns under GST

May 20, 2019 56772 Views 2 comments Print

DETAILS OF RETURNS TO BE FILED UNDER THE GST LAWS- > GSTR-1 Details of outward supplies of taxable goods and/or services effected/provided filed by registered taxable supplier by 10th of the next month.

Anti – Profiteering Under GST – Issues & Challenges

December 28, 2018 5475 Views 0 comment Print

1. The provision in the Central GST Act – Section 171, mandates that benefits arising due to either lower tax rates or more tax credits being available in the GST regime should be passed on to the consumer by way of commensurate reduction in prices. Let us understand anti profiteering with an example… 2. Reduction […]

Employer and Employee In GST Regime

November 18, 2017 36471 Views 2 comments Print

Service provided by an employee to employer will be out of preview of GST only if it is be provided in the course of employment. For example, A Chartered Accountant ‘s core activity is to do audit and he provides entertainment services to employer on weekend. Such services will not be considered in the course of employment and hence will be subjected to GST.

Applicability of GST Law On Co- Operative Housing Societies

September 16, 2017 18360 Views 17 comments Print

This article has been written with a view to increase awareness of members of Housing Societies and Management Committee towards registration requirements and the services which are exempted and which attract GST. An attempt has been made to analyze the terms used in various sections of GST Act and provide some insight into its applicability to Housing Societies.

E Way Bill- A Look At Generation, Responsibilities And period Of Validity For Consignors/ Consignees & Transporters

September 11, 2017 9582 Views 3 comments Print

The Government has notified implementation of E Way Bill Rules vide notification no. 27/2017 date 30.08.2017. These rules are likely to be implemented w.e.f. 01 Oct 2017. The issue on E Way Bill is very significant, not only for business, industries but also for transporters, consignors, consignees of the goods.

GST Rules/ Regulations For Goods Transport Agency- At A Glance

September 6, 2017 7419 Views 2 comments Print

Goods Transport Agency has not been defined in GST Act. However, notifications related to provisions regarding GTA services have been issued by Central Tax 2017 on various dates. An attempt has been made to compile these notifications in one place & simplify the provisions of GTA services in GST regime.

Step By Step Guidelines For Filing GST Return TRAN-1

August 31, 2017 9960 Views 0 comment Print

A major concern for businessmen registered under GST is to avail Tax Benefit & Input Credit of Old Regime. In order to avail such benefit, a registered person is required to file TRAN – 1 Within 90 days (28th Sep 2017 )of the appointed day, that is 01 July 2017.

Simplified Notification on exempted services by way of Renting

August 26, 2017 12072 Views 9 comments Print

Salient Provisions of Intra Sales Exempted Services By Way Of Renting 1. The Central Government has exempted selected Intra Sales services vide notification No. 12/2017- Central Tax (Rate) dt 28 June 2017. 2. An attempt has been made to simplify the content of notification with the help of pictures and brief description. Article on this […]

Simplified GSTR Return 3B for Business Community

August 15, 2017 9312 Views 3 comments Print

First return to be filled in GST regime is Form 3B . It is a simple return introduced by Government for the month of July and Aug 2017 only. However , this does not preclude the need to file regular returns -GSTR1-GSTR3 for the said months . Regular returns for the month of July and Aug 2017 will be filled in the month of Sep 2017.

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