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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Posts tagged "GST"
What IS GSTR-1?
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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Invoice Furnishing Facility
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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Can I opt for quarterly GST returns instead of monthly returns?
Can I opt for quarterly GST returns instead of monthly returns?
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What is IFF facility in GST ??
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, IGST & CUSTOMS IMPLICATIONS – HSN CLASSIFICATION INTRICACIES OF ITEMS & SERVICES USED IN 2ND PHASE OF FIGHT AGAINST COVID-19”
"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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NEW COMPOSITION SCHEME TO INCLUDE SERVICE PROVIDER W.E.F 01-04-2019
New Composition scheme came in force w.e.f 01-04-2019 vide Notification No. 2/2019-Central Tax (Rate)
Person having turnover both of goods & services up to 50 L in Previous F y may opt to pay tax @6% on intra-state supplies ...
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Distinct Person & its Tax treatment in GST.
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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Exemption to Trust from GST
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 ON EMPLOYER EMPLOYEE RELATIONSHIP
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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Applicability of GST on Import Clearances other than Port of Importation
GST on Import Clearances
Applicability of GST on Import Clearances
other than Port of Importation
Goods are imported in India and normally Bill of Entry for home consumption is filed. However, there will be a cases, where one needs to study the ...
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FAQs on cancellation of registration under GST
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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Let us not complain about GST system.
Let us not complain about GST system
About Author:
Name : CA Monika Rathi
Author is practicing Chartered Accountant, And currently associated as a partner in SSRPN & Co.
Let us not complain about GST system
If Due date for filling GSTR-1 ...
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FAIR GAME – COMPLIANCE RATING FOR BOTH TAXPAYER AND TAX COLLECTOR !
compliance rating
FAIR GAME - COMPLIANCE RATING FOR BOTH TAXPAYER AND
TAX COLLECTOR !
Revenue secretary Hasmukh Adhia said that system of GST compliance rating will be introduced for every trader and business, where they will be rated based on their track ...
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