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Summary of GST Circulars and Orders

During the implementations GST various circulars, orders and clarifications were issued by various GST authorities. This article is as attempt to summarize all these and make it readable for readers. These could be grouped into 7 categories which are as follows:...

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Availability of ITC in respect of repairs etc. of Motor Vehicles-Post 29/08/2018

Though ITC in respect of Motor Vehicle has been blocked by the GST Act since inception, there was no specific restriction for claim of ITC in respect of services of repairs/insurance etc. for a motor vehicle. CGST Amendment Act 2018 has changed this scenario by introducing a specific clause providing for restriction on ITC for repairs et...

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Records to be Maintained Under GST

Every person registered under the GST Act is required to maintain certain books of accounts and records. The provisions related to the same has been provided under Sections 35 and 36 of the CGST Act, 2017 and Rules 56 to 58 of CGST Rules, 2017. An analysis of these provisions is given in this article....

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GST on services by Corporate Office to unit in other states as well

The big question is whether activities performed by the employees at the corporate office in the course of or in relation to employment such as accounting, other administrative and IT system maintenance for the units located in the other states as well i.e. distinct persons as per Section 25(4) of the Central Goods and Services […]...

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Refund Under Inverted Rate Structure

Inverted rate structure specify that as the rate of tax on inputs is higher than the rate of tax on output supplies, credit gets accumulated in the electronic credit ledger which is granted as GST refund to the taxable person....

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GST Invoice Contents

GST system has replaced the invoices such as tax invoice, excise invoice and retail invoices with one general GST tax invoice that has to be issued for all sales of goods and services, as a GST registered dealer, you are obligated to provide GST invoices that are compliant with GST rules and regulations for all supply of goods and servic...

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Whether ITC for FY 2017-18 can be availed only till October 20, 2018

Considering the first year of implementation of GST, major challenge is being faced by the Industry Inc in availing GST input tax credit (ITC) for the financial year 2017-18 after implementation of GST (i.e. July 2017 to March 2018) and lot of divergent views are floating with respect to the last date till which such […]...

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Extend time limit to Furnish Form GSTR–1 & GSTR-3B: GSTBA

GSTBA has requested Finance Minister to extend the due dates for filing Form GSTR-1 and GSTR-3B. Last date of filing the Return GSTR -1 of October 2018 is 10th of November and filling of Form 3B and payment of tax is 20/11/2018 which are falling during Diwali. ...

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Impact of notification No 46/2017 CT(R) on Restaurants

It was recommended that all standalone restaurants, irrespective of whether air conditioned or not, will attract 5% GST without ITC. To give effect to such decision, a notification No. 46/2017- Central Tax (Rate) dated 15.11.2017 was issued, as per which the GST rate applicable to services provided by restaurants, eating joint including m...

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GST ANNUAL RETURN “what to fill & how to fill” Complete Procedure

GST Annual return to be filed once in a year, it is a consolidated information of all inward and outward supplies for tax administrator for a particular financial year. It consists of details regarding the supplies made and received in a financial year under the different tax head such as Central, State and Union Territory tax....

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