Arjuna (Fictional Character): Krishna, what can you say about completion of 1 year of GST implementation? Krishna (Fictional Character): Arjuna, GST now completes 1 year in India, this year has been tough for everyone. The biggest Tax reform in India is now slowly being accepted by all. Still there are many changes which are yet […]
Arjuna (Fictional Character): Krishna, Can the Return under GST be revised? Krishna (Fictional Character): Arjuna, There is no any concept of revised return under GST. So, under GST, no amendment can be made in the return once it is filed. Arjuna: Krishna, What the taxpayer should do if any mismatch occurred in sales after filing […]
Arjun (Fictional Character): Krishna, Does government has made changes in GST law on 13th June 2018? Krishna (Fictional Character): Arjuna government makes amendment to the Act, Rules as and when needed, these amendments are conveyed to the Taxpayers by the way of notification, clarification etc. Recently a notification has been issued in Central Tax in […]
New format of Audit report for MVAT Audit has been released. This will be audit for the 3 month i.e April 2017 to June 2017 and government has made many changes in the report. Everywhere there is workload of GST but still VAT audit for these 3 months has to be carried out.
Arjun (Fictional Character): Krishna, E-Way is now been fully implemented on inter as well as intra state transportation of goods, Taxpayers are aware of generation of E-Way bill on Normal Sale and Purchase transactions but still they have a confusion regarding generation of E-Way bill on other transactions.
E-Way was made compulsory for interstate supplies from 01st April 2018, however for intra state supplies E-Way has been enabled in various states at respective dates. In Maharashtra E-Way bill was applicable from 25Th May 2018, E-Way bill has to be given for inter as well as intra state supplies exceeding Rs 50,000.
Krishna, from 18th May, the government has started the GSTR 2A for view. What it is? What taxpayers should do now? In in GSTR 2A, B2B invoices, Debit notes, credit notes, purchases made from Composition dealer, credit taken through TDS and TCS, also, the amendments made in the original invoices by supplier, etc. is reflecting.
Since the GST law has came into force various notifications and amendment has been made on issue of old car sale. GST rate which is levied and its ITC provisions depend on what type of passenger vehicle we purchase i.e. 2-Wheeler/4-Wheeler/Bus etc. Let us discuss this in detail.
Arjuna, as you know, sale of immovable property like land and building is not chargeable to Tax under GST. Also renting of residential property is Exempt from the levy of tax. But renting of commercial properties like shops, offices, etc, are taxable. Taxpayers were in confusion that transfer of tenancy rights against premium should be liable to GST or not. Hence, to clarify this issue the department has come up with this circular.
May be from 31st May, 2018, E way bill would be made compulsory for transportation of intra state supply in Maharashtra. But will E way bill be compulsory for the transportation of goods where distance travelled by conveyance is less than 50 km?
