We have taken incorrect Input Tax Credit in the month of April 18. Now on our own we have identified the same. 1. How should we pay it – Through ITC reversal in GSTR 3B or by filing DRC 03? 2. Is is mandatory to file DRC 03 only for voluntary payment? 3. If we… Read More »
GSTN Suggested ITC utilization on GST Portal जीएसटीएन द्वारा सुझाए गए आईटीसी का उपयोग My Opinion: GSTN has no power to Suggested ITC utilization on GST Portal Taxpayer is ultimately responsible for wrong Utilization of Input Tax credit on GST Portal, Even though it was suggested by GSTN on GST Portal
Bank Guarantee When Goods Seized in transit under GST Goods in transit must be accompanied by prescribed documents (Like Eway bill, Tax Invoice, Bill of Supply, Delivery Challan etc) without which they may be detained and confiscated. To release goods without payment of taxes and penalty , you are required give Bond for the value of… Read More »
33 rd GST Council Meeting 33rd Meeting of the GST Council held on 20.02.2019 under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arunjaitley through video conferencing 34th GST Council Meeting Date In 33rd GST council meeting ,the council has deferred the decision on real estate. The meeting has been adjourned… Read More »
GST on building used by subsidiary company सहायक कंपनी द्वारा उपयोग की जाने वाले इमारत पर जी.एस.टी
How to prepare GSTR 1 from Invoices of e-way bill system ईवे बिल से जीएसटीआर 1 कैसे बना
HIGH COURT OF KERALA State Tax Officer v. Kerala Gujarat Cargo Express A. MUHAMED MUSTAQUE AND ASHOK MENON, JJ. W.A. NO. 969 OF 2018 WPC NO. 15489 OF 2018 MAY 15, 2018 P.R. Ajithkumar for the Respondent. JUDGMENT A. Muhamed Mustaque, J. – The State has come up on appeal challenging the interim order passed by the Single Bench ordering release of… Read More »
Can you pay Tax & Penalty from ITC Ledger for non-generation of Eway Bill ई-वे बिल की पेनल्टी Refer Eway Bill : Free Video Lectures and Study Material Circular No 41/15/2018 GST Dated 13th April, 2018 (h) Where the owner of the goods or any person authorized by him comes forward to make the payment… Read More »
How to Draft Contract with Transporter for E way Bill ट्रांसपोर्टर के साथ अनुबंध ड्राफ़्ट करें
No E Way bill required for goods purchased for used Personal effects कब ई-वे बिल आवश्यक नहीं ?
when a bonafide dispute as to classification had arisen, it is onlythe jurisdictional assessing officer, namely, the third respondentwho could have ruled on the classification and that it was not opento the Squad Officer to have done so. In the present case, there is no dispute as to the goods that were actually transported.… Read More »
New GST Portal Updates as on 11.02.19 जीएसटी पोर्टल पर नई अपडेट 11.02.19
How to reply GST DEMAND Notice on GST Portal (Hindi) in DRC 6 जीएसटी मांग का जवाब कैसे दें
Reclaim of Input Tax Credit on Part Payment ? पार्ट पेमेंट पर इनपुट टैक्स क्रेडिट का फिर से दावा
New Functionality update on GST Portal: Appeal against the Advance Ruling given the Authority. Once an Advance Ruling is issued by the authority and if an applicant is aggrieved by such an advance ruling , they can file appeal beofre appellate authority in form GST ARA 03 Refer GST Advance Ruling : Free Study Material
GST Penalty if Wrong Input Tax Credit availed or utilized Section of CGST Act 2017 Particulars Penalty 122(1)(vii) Takes or utilizes input tax credit without actual receipt of goods or services or both either fully or partially, in contravention of the provisions of this Act or the rules made thereunder; Rs. 10000 or… Read More »
Seeks to extend the due date for furnishing of FORM GSTR – 7 for the month of January, 2019 till 28.02.2019 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i)]Government of IndiaMinistry of Finance(Department of Revenue)[Central Board of Indirect Taxes and Customs]Notification No. 8/2019 – Central Tax New Delhi, the… Read More »
Circular No 04/01/2019 IGST F. No. CBEC-20/16/04/2018 – GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 1 st February, 2019 To, The Principal Chief Commissioners / The Principal Directors General / Chief Commissioners / Directors General (All) / Principal… Read More »
GST Amendment for ” Import of Services ” from 01.02.2019 सेवाओं का आयात जीएसटी संशोधन
New GST process to Recover wrongly availed CENVAT credit गलत सेनवैट क्रेडिट का लाभ उठाया ,तो वसूली CBIC has issued circular on 01.02.2019 on how to Recover CENVAT credit wrongly carried forward as transitional credit in TRAN 1 or Recover arrears of wrongly availed CENVAT credit under the existing law Circular No. 88/07/2019-GST Dated 1 st… Read More »
GST Practitioners can perform more Functions w e f 01.02.2019 जीएसटी प्रैक्टिशनर्स कार्य बढ़ गए
Whether Input Tax Credit is admissible in respect of GST paid for hotel stay in case of rent free hotel accommodation provided to General Manager and Managing Director of the Applicant? Whether invoice for quality claim raised by the Applicant on POSCO Daewoo Corporation located in Korea will be treated as “export of service”? 3)… Read More »
New Provision for Recovery of Tax under GST : जीएसटी डिफॉल्ट की वसूली Recovery of Tax under GST from distinct persons registered in different States w.e.f 01.02.2019 Section 79 of CGST Act 2017: Recovery of tax. : Amended by CGST Amendment Act 2018 w.e.f 01.02.2019 to enable recovery to be made from distinct persons registered in different… Read More »
GST Input Tax Credit Rules Changed from 01.02.2019 इनपुट टैक्स क्रेडिट नियम बदल गए Refer GST Input Tax Credit : Free Study Material
Changes in GST Composition Scheme from 01.02.2019 जीएसटी कम्पोजीशन स्कीम में परिवर्तन Refer ORDER No 01/2019 Central Tax : Interest on Loan and Deposits not part of GST Composition Scheme turnover GST Composition Scheme : Free Study Material
GST Practitioners powers increased from 01.02.2019 जीएसटी प्रैक्टिशनर्स की शक्तियां बढ़ीं Section 48 of CGST Act 2017 : Goods and services tax practitioners : Amended by CGST Amendment Act 2018 w.e.f 01.02.2019 so as to allow Goods and Services Tax Practitioners to perform other functions such as filing refund claim, filing application for cancellation of registration, etc. Also… Read More »
GST Circulars and notification wef 01.02.2019 Table showing details of Notifications issued by CBIC on 29th January 2019. S. No. Title Notification No. Date 1 CGST Registration provision amended to align Special Category States Notification No. 06/2019 – Central Tax 29/01/2019 2 CBIC aligns rates for Composition Scheme with CGST Rules, 2017 Notification No. 05/2019… Read More »
ORDER No 01/2019 Central Tax : Interest on Loan and Deposits not part of GST Composition Scheme turnover Seeks to supersede Removal of Difficulties Order No. 1/2017 – Central Tax dated 13.10.2017 in view of the amendment to Section 10 of the CGST Act, 2017 (regarding allowing registered persons opting for Composition Scheme to supply… Read More »
Seeks to amend Removal of Difficulties Order no 4/2018-CT to extend the due date for furnishing of FORM GSTR – 8 for the months of October, 2018 to December, 2018 till 07.02.2019 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION(ii)]Government of IndiaMinistry of Finance(Department of Revenue)[Central Board of Indirect… Read More »
GST on e-commerce part -3 Watch all Free GST Online Videos [ Videos ] by CA Satbir Singh GST on e-commerce (part 1) [Video] GST on e-commerce (part-2)