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Ca Umang Garg

Latest Posts by Ca Umang Garg

Cash Sale Limit under GST / Income Tax Act

April 20, 2020 413196 Views 38 comments Print

CGST Act 2017 has no provision restricting cash transactions, but In order to, curb black money ,the government has imposed various restrictions on cash receipts /payments and cash withdrawal  from time to time through Income Tax Act 1961. The Government has amended clause 84 of Section 194N vide Finance Act 2020 . Accordingly TDS @ […]

IS ITC Available on Bike and Scooty?

September 16, 2019 179457 Views 22 comments Print

Hence Bike and scooty having engine capacity more than specified limit will be covered in motor vehicle and ITC will be not eligible as per section 17(5) CGST ACT.

Unique Identification Number (UIN) under GST

February 24, 2018 32001 Views 1 comment Print

Some important Point About UIN are as follow:- 1. Meaning of UIN :- UIN stand for Unique Identification Number , is a special class of GST Registration for foreign diplomatic missions and embassies which are not liable to taxes in the Indian territory. 2. As per Entry no. 59 of Notification no. 12/2017 Central Tax (Rate) […]

Latest Changes In GSTR-1 & GSTR-5 and other changes

February 23, 2018 16989 Views 1 comment Print

A. Added features in Form GSTR 1 and Form GSTR 5. 1. In GSTR-1 & GSTR5 on addition of records (Invoices/Debit Notes/Credit Notes, an option has been provided to taxpayer to select a lower tax rate for motor vehicle leasing businesses, as per Notification No 37/2017-Central Tax (Rate), dated 13-10-2017. i.e.65% of applicable GST TAX […]

Major Issue In Latest Change in GSTR-3B Filling Process

February 23, 2018 6003 Views 0 comment Print

One of the change in filling process of GSTR-3B is as follow:- 1. Fill either CGST or SGST/UGST amount, other tax will get auto filled. Its means when we fill amount in CGST then SGST amount auto fill which is equal to CGST amount. In simple words we cannot fill different amount in CGST and […]

Latest changein GSTR-3B filling makes GSTR-3B more user friendly

February 22, 2018 8010 Views 0 comment Print

1. Fill either CGST or SGST/UGST amount, other tax will get auto filled. 2. You can now save the Form on confirming details filled in the Table. You can fill balance details later. 3. Preview Form or download it for cross verifying saved details in any table(s) anytime. 4. No more Submit requirement to freeze […]

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