12 Thing to do/remember before GST Return Filing for March 2019 includes not to delay filing of GSTR 1 or GSTR 3B pertaining to March 2019, Avail all Input Tax credit (ITC) for invoices pertaining to FY 17-18, Raise All Debit Notes pertaining to invoices of FY 17-18 & Inform the Counter party, Avail all […]
On and from 1st February 2019, The Order for availing the set off of ITC has been changed and new Sections 49A & 49B under The CGST Act 2017 have been made effective. Let us analyse the impact of the same on Trade & Industry – The Amendment – 21. After section 49 of the […]
ANALYSIS OF CENTRAL TAX NOTIFICATIONS 1. Notification No. 01/2019–Central Tax (Rate) – Reverse Charge on unregistered purchases is still on hold The notifications No 8/2017 Central Tax (Rate) has been rescinded as it has become irrelevant consequent to amendment to Sec 9(4) of The CGST Act 2017. The Reverse Charge on Unregistered Purchases shall be […]
Section-wise Commentary on The Integrated Goods and Services Tax (Amendment) Act, 2018 THE INTEGRATED GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 No. 32 OF 2018 [29th August, 2018.] An Act further to amend the Integrated Goods and Services Tax Act, 2017. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India […]
Sectionwise Commentary on The Central Goods And Services Tax (Amendment) Act,2018 THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 (NO. 31 OF 2018) [29th August, 2018] An Act further to amend the Central Goods and Services Tax Act, 2017. BE it enacted by Parliament in the Sixty-ninth Year of the Republic of India as follows:- […]
Uncover the complexities of Cross Charge and ISD in GST. Analysis of the ruling by AAAR in Karnataka and the need for intervention by the GST Council.
Finance Act 2017, instead of amending section 273B, inserted a proviso to section 271DA itself to the effect that, no penalty shall be imposable if such person proves that there were good and sufficient reasons for the contravention of section 269ST. However, what could constitute good and sufficient reasons for contravention have not been defined.
Across the country objections have raised by the GST Department on erroneously availed but not utilized ITC. In this article we will discuss on such objections and the legal provisions in this regard. First as per Sec 50(3) read with sec 42(10) of CGST Act, payment of interest is only triggered where there is a […]
