What are the consequences of the failure in submitting the annual return and not getting the accounts audited? Ans. The following are the consequences of the failure in submitting the annual return and not getting the accounts audited: a) Section 44(2) of the CGST Act and State /Union Territory GST Act provides that every Registered… Read More »
Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger 1. After submitting the GSTR-3B return, I was trying to make payment of the tax and was trying to offset my liability from the Electronic Cash Ledger; however I faced error. On what basis can I utilize the balance in Electronic Cash ledger? The utilization… Read More »
Product Leavened Flatbreads such as Naan, Kukha and Chalupa are not covered by the expression ‘bread’ as mentioned under Entry No. 97 of Notification No. 2/2017-Integrated Tax (Rate), dated 28-6-2017, Notification No. 2/2017-Central Tax (Rate), dated 28-6-2017 and Notification No. 2/2017-State Tax (Rate) No. MGST1017/C.R. 103(1)/Taxation-1, dated 29-6-2017 (collectively referred to as ‘Exemption Notifications), but… Read More »
The Applicant would be liable to pay GST on the value of commission received from website users/Pundits not for on total amount received AUTHORITY FOR ADVANCE RULINGS, MAHARASHTRA Sadashiv Anajee Shete, In re B.V. BORHADE AND PANKAJ KUMAR, MEMBER ORDER NO. GST-ARA-32/2018-19/B-131 OCTOBER 23, 2018 Download Ruling Click here Related Post GST Judgments
The Final Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org and will be available till 14th December, 2018. Thereafter the panel will be submitted to RBI. Professional Development Committee
GST on High Sea Sales Here is the Free study material on GST on High Sea Sales No GST on Goods sold on high seas sale basis :MAHARASHTRA AAR No Advance Ruling can be given on High Sea Sale ; Place of Supply :GUJARAT AAR IGST on High Sea Sale of Imported Goods : CBEC Circular… Read More »
GST on Liquidated Damages / Fine / Penalty for non performance of Contract Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST… Read More »
GST Summon Judgments on Summon in GST GST Officer not allowed to summon customers of assessee to stop further payments to assessee u/s 70 : High Court Summons can not be issued by CGST officer if SGST officer already initiated proceedings on same issue : High Court Q: What to do if GST department officer… Read More »
Place of Supply in GST with Examples Place of Supply in GST has to be determined as per IGST Act 2017 notified by Govt of India Why Place of Supply in GST is Important ? Place of Supply’ under GST is an important factor as it defines i) The taxable event under GST is the ‘Supply’… Read More »
When a person Can not Claim ITC under GST Here is the list of cases under which you can not claim Input Tax Credit under GST 1 Person not registered : If a person is not registered under GST , he can not claim Input Tax Credit. Eligibility and conditions for taking input tax credit… Read More »