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360 degree analysis of Rule 43 of CGST Rules 2017

Determination and apportionment of input tax credit in respect of capital goods (Critical analysis of Rule 43 of Central Goods and Services Tax Rules, 2017) Input tax credit (the ITC) is the backbone of GST. In GST law as prevalent in India, on referring section 73 and section 74 of CGST Act, 2017 (the Act), […]...

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Solution for Problems faced by taxpayer for filing Profession Tax Return!

Employer whose tax liability exceeds Rs. 50000/- in the previous year are required to file monthly returns. Remaining tax payers have to file yearly return. Newly registered tax payers in any year are also required to file monthly returns in that year. For subsequent year, their periodicity depends on the tax payment of the previous year....

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New Dimensions to GST Annual Report & GST Audit

The article is an attempt to explore the untouched areas in the GST Audit arena. The companies have started the GST audit processes and are focussing on GSTR 9 (It will be given by the system later) and GSTR 9C but somehow companies are missing the vital links for the GST Audit....

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Advance Ruling for Unregistered Dealers (FORM GST ARA-01)

FAQs on Advance Ruling for Unregistered Dealers (FORM GST ARA-01)ContentsFAQs on Advance Ruling for Unregistered Dealers (FORM GST ARA-01)Q.1. Who can apply for Advance Ruling?Q.2. Who needs to file an application (FORM ARA 01) for seeking Advance Ruling?Q.3. What is the process to apply for seeking Advance Ruling? OR What steps must be f...

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Suo Moto GST Registration Cancellation

FAQs on Suo Moto Cancellation of GST registrationContentsFAQs on Suo Moto Cancellation of GST registrationQ.1 Under which circumstances can a Tax Official initiate for cancellation of GST registration?Q.2 Will I be intimated before the Suo Moto Cancellation of Registration?Q.3 What is the precondition for Suo Moto Cancellation of Registra...

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How to view and Download Additional GST Notice and Order

FAQs on View/ Download Additional GST Notices and Demand OrdersContentsFAQs on View/ Download Additional GST Notices and Demand OrdersQ.1. Can I view additional orders/notices without login on the GST Portal?Q.2. On the GST Portal, where from can I view additional orders/notices ?Q.3. What types of orders/notices can I view from R...

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Intricacies of outward supply for filing up GSTR-9 & GSTR-9C

Amidst the clamour to extend the deadline of filing GST Annual Return and Reconciliation Statement in Form GSTR-9 (for normal taxable person)/ Form GSTR-9A (for composition taxpayers) and Form GSTR-9C for GST Audit by due date of December 31, 2018 for the Financial Year 2017-18,...

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Penalties Under CGST Act, 2017

Lets have a tour on penalties specified under sec 122 to sec 128 under CGST Act in an interesting manner that it will stick to our mind permanently. Where you will get versatile amount of Penalties in accordance with the various Offences under CGST ACT in a single place:...

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Persons not liable to obtain GST registration (Section 23 of CGST Act 2017)

Persons not liable to obtain gst registration:(sec23 of cgst act) Before discussing the provisions of sec 23 of cgst act we have to discuss sec 22 Sec22 says that Every Supplier who makes taxable supply of goods or services or both if his aggregate turnover exceeds 20 Lakhs shall be liable to be registered under […]...

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GST Annual Return Filing: Know the details here

Annual filing is must compliance for most businesses, so it is under GST law. Every person registered under GST is required to file Annual Return under GST law subject to applicability. Released in September, the GST Annual Return was due by 31st March, 2018. Facing many requests for extension, the compliance date is extended for [&hellip...

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