Goods and Services Tax India: Read all latest GST news, articles, notification, circulars, case laws news on, MVAT DVAT PVAT GST GSTN IGST CGST GST Council GST Rates SGST GST Forms GST Rules.
Goods and Services Tax : Understand the significance of e-invoicing, its implementation, prerequisites, and FAQs. Learn how to generate e-invoices, its ben...
Goods and Services Tax : Learn from the case of M/s Oasys Cybernetics Pvt Ltd vs State Tax Officer how erroneous reporting in GST filings can impact demand...
Goods and Services Tax : Maximize GST compliance and optimization for FY 2024-25 with this comprehensive guide. From LUT renewal to ITC reconciliation, ens...
Goods and Services Tax : Explore the implications of GST on hotels & restaurants in India. Detailed analysis of rate changes, billing procedures, and indus...
Goods and Services Tax : Understand the implications of GST on rent for residential and commercial premises. Learn about applicable rates and exemptions fo...
Goods and Services Tax : AGFTC & ITBA highlight issues with GST portal downtime on 10th and 11th April 2024, urging prompt action from authorities....
Goods and Services Tax : Explore the robust growth in GST collection for FY 2023-24, crossing Rs. 20 lakh crore, reflecting economic resilience and improve...
Goods and Services Tax : Explore the Ministry of Finance's report on the second highest monthly GST revenue collection in March 2024, reaching ₹1.78 lakh...
Goods and Services Tax : Learn why the Goods and Services Tax Practitioners Association of Maharashtra requests an extension for filing PTRC returns due to...
Goods and Services Tax : Discover insights from the recent GST Council conference, combating tax evasion, revenue growth, and strategies for fraud preventi...
Goods and Services Tax : Telangana High Court nullifies State GST Dept's demand order for Dott Services Ltd., citing parallel proceedings by Central GST Au...
Goods and Services Tax : Bombay High Court quashes recovery proceedings against a company director for GST recovery from personal property, citing constitu...
Goods and Services Tax : In Tokyo Zairyo (India) Pvt Ltd vs Asst Commissioner, court sets aside order due to disregard of petitioner's reply. Get detailed...
Goods and Services Tax : Madras High Court sets aside assessment order due to lack of annexed documents in reply, reversing ITC worth Rs. 1.04 Cr. Details ...
Goods and Services Tax : Marson Industries secures victory as Madras High Court sets aside orders due to lack of communication on GST proceedings. Detailed...
Goods and Services Tax : Stay updated with the latest initiatives and achievements of the Government of India's Ministry of Finance, Department of Revenue,...
Goods and Services Tax : CBIC Extends Due Date of Furnishing GSTR-1 for March 2024 to 12th April Due to Technical Issues on GST Portal vide Notification N...
Goods and Services Tax : Explore the authorization of Revisional Authorities under Section 108 of KGST Act 2017. Learn about designated officers, procedure...
Goods and Services Tax : Get the latest update: GSTN recommends extending GSTR-1 filing deadline to 12/4/24 due to technical issues. Read more for details....
Goods and Services Tax : Discover how to effortlessly populate HSN-wise summaries from e-Invoices into GSTR-1 Table 12. Ensure accuracy and streamline repo...
Check list for Audit of Traders 1. INVOICING PATTERN: 1. Whether the invoice issued contains all the information prescribed in Rule 46 of CGST Rules and is being numbered accordingly 2. Whether revised invoice or credit note or debit note issued contains all the information prescribed in Rule 53 of CGST Rules 3. Whether the […]
CHECK LISTS FOR COMPOSITE DEALER which includes To check whether turnover is under prescribed limit or not as P & L account provide turnover of all business related to a PAN, To check Break up of Sales/Revenue from operations with regard to income from Supply of Goods or Services with regard to study of exclusion […]
Some Accounting Entries in Financial Books under GST : PART-1 According to Section 35(1), Registered persons have to keep and maintain the Accounts and Records of (a) production or manufacture of goods; (b) inward and outward supply of goods or services or both; (c) stock of goods; (d) input tax credit availed; (e) output tax […]
PMT 09 consists of minor and major heads. You can mention the amount of tax you wish to shift as in the details of the amount to be transferred from one account head to another. The reallocation of tax can be from major head to minor head and vice versa.
An attempt to put some light on the proposed GST System, And Integrated In-Built Matching has been made as under :- Matching tool will be provided to match Inward Supplies & ITC Thereon. Note : Matching tool can be used by the recipient to match the auto-drafted details of GST ANX-2 with their own purchase register. […]
GST rates for garments and made up articles is 5% of sale value not exceeding Rs. 1000 per piece and 12% for articles of sale value exceeding Rs. 1000 per piece. The GST rates are lesser than the pre-GST incidence of taxes on these goods. To reduce the cost of garment industry, GST rate on […]
Form GST ADT – 02 [See rule 101(5)] Reference No.: Date: To, ————————– GSTIN ……………………………….. Name …………………………………… Address …………………………………. Audit Report No. ……….. dated …….. Audit Report under section 65(6) Your books of account and records for the F.Y……………… has been examined and this Audit Report is prepared on the basis of information available / […]
Indirect Tax Budget (GST) -2019 1. Provision of Inter Transfer of fund of Electronic Cash ledger from one head to another: Financial Bill proposes to allow a taxpayer to transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger to integrated tax, central tax, state tax, union […]
Union Budget for the year 2019-20, as laid in the Parliament on 5th July, 2019 is the first Budget of the new Union Government and so for the Union Finance Minister, a woman. While the Budget promises a host of plans, welfare schemes and developmental activities, here is a snap shot of the of the major offerings in terms of direct and indirect taxation in the backdrop of economic slowdown.
The Notification No. 11/2017 CT-(R) dated 28.06.2017 states that the supply of foods and beverages made by institute such as college, school and hospital etc. shall be liable to GST at the rate of 5%. While Notification No. 12/2017 CT-(R) dated 28.06.2017 provides an exemption for the service provided by the educational institute to its […]
