Posts tagged "GST"

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GST

What is GSTR-3B?

September 19, 2022 0 Comments
What is GSTR-3B?   Form GSTR-3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for a particular tax period and discharge these liabilities. Allnormal taxpayer and casual taxpayersare ...
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GST

What IS GSTR-1?

September 15, 2022 0 Comments
What IS GSTR-1?   Form GSTR-1 is a monthly Statement of Outward Supplies to be furnished by all normal and casual registered taxpayers making outward supplies of goods and services or both and contains details of outward supplies of goods ...
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GST

Invoice Furnishing Facility

September 10, 2022 0 Comments
 Invoice Furnishing Facility   IFF facility is a good move to help both small taxpayers and buyers ( who opted for QRMP scheme)from small taxpayers as it would help in faster ITC claims to buyers. This facility will allow monthly ITC ...
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GST

What is IFF facility in GST ??

September 9, 2022 0 Comments
What is IFF facility in GST ?? IFF facility is a good move to help both small taxpayers and buyers ( who opted for QRMP scheme)from small taxpayers as it would help in faster ITC claims to buyers. This facility ...
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GST

“GST, IGST & CUSTOMS IMPLICATIONS – HSN CLASSIFICATION INTRICACIES OF ITEMS & SERVICES USED IN 2ND PHASE OF FIGHT AGAINST COVID-19”

May 25, 2021 0 Comments
 "GST, IGST & CUSTOMS IMPLICATIONS – HSN CLASSIFICATION INTRICACIES OF ITEMS & SERVICES USED IN 2ND PHASE OF FIGHT AGAINST COVID-19" Authors Mukul Gupta Senior Partner & Counsel mukulgupta@sharnamlegal.com   Prateek Gupta Partner & Counsel prateekgupta@sharnamlegal.com   Ashish Mittal Assistant Manager–IDT office@sharnamlegal.com   Brief Background: The outbreak of COVID-19 has resulted a surge in ...
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GST

Distinct Person & its Tax treatment in GST.

November 29, 2018 0 Comments
Distinct Person & its Tax treatment in GST In this article we will see the concept of distinct person, when it is applies? & what value should be taken for transaction taken place between such people? According to GST act, when ...
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GST

Exemption to Trust from GST

August 1, 2018 0 Comments
Exemption to Trust from GST As per Notification No. 12/2017 – Central Tax (Rate) dated 28thJune, 2017 exempts services provided by entity registered under section 12AA of the Income Tax Act, 1961 by way of charitable activities from whole ...
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GST

GST ON EMPLOYER EMPLOYEE RELATIONSHIP

June 25, 2018 0 Comments
GST ON EMPLOYER EMPLOYEE RELATIONSHIP Schedule III of CGST Act includes activities which are not treated as supply of goods or services i.e. GST is not levied on such transaction. One such activity included in the Schedule III  "service by ...
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Income Tax

FAQs on cancellation of registration under GST

January 18, 2018 0 Comments
FAQs on cancellation of registration under GST Q.1 What are the circumstances under which a registered Taxpayer can file for cancellation of GST registration? Ans: A registered Taxpayer can file for cancellation of GST registration on the occurrence of any of ...
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