GST Articles

Another Chance for claiming Transitional Credit Under GST

Posted by CA Venkatprasad Pasupuleti 12 November 2019 4201 Views

In view of the unvarying series of judicial decisions, the taxpayers who have missed claiming transitional credits initially can now claim the same. The suggested course of action is given in this article.

Supply of repair services along with spare parts/ accessories is taxable at separate rates of GST: AAR

Posted by Bimal Jain 07 May 2020 5033 Views

Supply of repair services along with spare parts/ accessories is taxable at separate rates of GST: AAR

GST Auditors! Don't Miss These 7 Checkpoints While Filing GSTR 9C

Posted by GST Hero 07 November 2019 50323 Views

Deadline for filing GSTR 9 C is approching near. In this article we have summarized 9 checkpoints that you should keep in mind while filing your GST Returns.

Methodology for computation of provisional ITC of 20% under rule 36 in GST

Posted by Jatin 07 November 2019 25674 Views

Know the methodology for computation of provisional ITC of 20% under rule 36 in GST.

An overview of e-invoice under GST

Posted by CA.vipin mittal 04 May 2020 7272 Views

Every aspect of e-invoice under GST

Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!

Posted by CA Umesh Sharma 04 May 2020 1866 Views

Justice delayed is Justice denied case of Trans-1 and MVAT revised return!!

IGST exemption vis-a-vis pre-import condition

Posted by CA Venkatprasad Pasupuleti 03 May 2020 6100 Views

Advance Authorisation (AA), is one of the schemes under Foreign Trade Policy, 2015-20 (hereinafter referred to as the 'FTP') which allows the manufacturer exporter or merchant exporter to import inputs without payment of customs duties in terms of chapter 4 of FTP read with Notification No.18/2015 Cus dated 01.04.2015 as amended.

GSTR1 Returns and its effect on the availment of input credit under the 20% Input credit rule

Posted by Seetharaman K C 05 November 2019 16897 Views

The provisions relating to the cap of 20% on availing input tax credit notified as per Notification no 49/2019 dated 9th October 2019 only adds salt to the wound as businesses which are already reeling under the present adverse economic conditions.

GST not payable on volume discount where no GST adjustment is made: AAR

Posted by Bimal Jain 02 May 2020 11122 Views

Synopsis: The Hon'ble AAR, Karnataka in the case of M/s Kwality Mobikes (P) Ltd. inAdvance Ruling No. KAR ADRG 7/2019 decided on September 24, 2019 has held tha...

Restriction of Input Tax Credit to 20% - Breakdown

Posted by CA GAUTHAM RAJ 02 November 2019 44522 Views

MOF vide notification no. 49/2019 - Central Tax dated 09th October, 2019 vide powers conferred on central government under section 164 of Central Goods and Services Tax Act, 2017, through CGST (Sixth Amendment) Rules, 2019, has inserted sub-rule (4) in rule 36 on Documentary requirements and conditions for claiming Input Tax Credit.