vinodchaurasia's Posts - Page 3

Import Export code (IEC) application under GST regime

Introduction: This article discusses in detail about application for Import Export code(IEC) application under GST regime. Query: We applied for IEC in the month of July 2017 & paid the fee but we didn’t submitted documents. Before submitting document, a notification came saying that now PAN will be IEC. So do we still need to [...

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Posted Under: DGFT |

Matrix of Input Tax Credit on opening stock in Transitional Provision

This article presents a matrix about how to claim input tax credit on opening stock as per transitional provisions u/s 140 of CGST Act, 2017 in respect of various type of situations....

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Posted Under: DGFT |

How to adjust GSTR-3B tax liability with ITC available

Introduction:  This article discusses in detail about How to adjust GSTR-3B tax liability with ITC available. Query 1: Our as our GST portal account Credit Ledger shows balance of Rs. 13,22,658.00 for the month of July and the payable as per the Liability ledger for July shows  Rs. 6,06,618.00.   Hope we need not pay anything [&hellip...

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Posted Under: DGFT |

Checklist for Internal Audit of GST

GST is new for everyone. It came to effect from 1st July 2017. As the corporate industry has implemented GST in their business, audit for the same is a must. We here came up with some of the checklists for newly implemented GST....

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Posted Under: DGFT |

Understanding of the concept of Mixed Supplies and Composite Supplies under GST

This article discusses in detail about the concept of Mixed Supplies and Composite Supplies under GST. Let us first understand GST Tax rate Structure. The Indian GST tariff has multiple rates – to be precise eight:...

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Posted Under: DGFT |

Place of supply for GTA under GST

A a buyer registered in Andhra Pradesh receives GTA services from VRL Logistics which is registered in Telangana by way of Transportation of Goods from B who is a registered Dealer in Tamil Nadu. In this Case how the GST is paid under Reverse Charge Mechanism....

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Posted Under: DGFT |

GST taxability of “provision of services” to overseas branch

Introduction: This article discusses in detail about GST taxability of provision of service to overseas branch & its place of supply under GST. Query: As per Section 2(6) of IGST Act, Export of services means the supply of any service when...

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Posted Under: DGFT |

Place of supply for Commission Agent under GST

This article discusses in detail about place of supply for Commission Agent, its importance & determination of nature of supply under GST....

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Posted Under: DGFT |

Place of supply in respect of Goods sold through E-commerce operator under GST

This article discusses in detail about the issues a supplier is facing on taxability nature of GST on goods sold through E-commerce, its place of supply, its importance & GSTR-1 reporting issues...

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Posted Under: DGFT |

GST on Renting of Residential Property by one business entity to another business entity

This article discusses in detail about the GST taxability on renting of residential property by one business entity to another business entity....

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Posted Under: DGFT |

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