GST Articles

Who Can Avail GST Letter of Undertaking (LUT)?

Posted by Charmi Doshi & Co. 25 February 2020 5436 Views

Discover who can use a GST Letter of Undertaking (LUT) for exports without paying IGST. Learn eligibility, conditions, and alternatives.

Stop GST Interest on Gross Liability: PM Urged

Posted by Guest 24 February 2020 18940 Views

Taxpayers urge the Prime Minister to halt interest collection on gross GST liability, citing unfairness and complexity. Learn more about the issue and proposed solutions.

Bombay HC issues notice in writ challenging Rule 89(5) denying refund of 'input services' under inverted duty structure

Posted by Bimal Jain 22 February 2020 12457 Views

Facts:M/s Raymond UCO Denim Private Limited ('Raymond' or 'the Petitioner'), approached the Hon'ble Bombay High Court challenging the vires of Rule 89(5) of the CGST Rules, 2017('CGST Rules') on the ground that it runs contrary to the provisions of S

GST Problems & Solutions for Trade & Industry

Posted by CA Sudhir Halakhandi 22 February 2020 14417 Views

Trade and industry face GST issues. Discover key problems and practical suggestions for relief and simplification. Read now!

Reversal of Input Tax Credit Availed under GST Regime

Posted by Dilip K Raina 22 February 2020 17772 Views

One of the major steps to curb false/fraudulent claims of input tax credit was initiated under Goods and Services Tax regime by introducing a procedure to reverse the amount of input tax credit availed within 180 days in case no or part payment is made to the supplier of goods or services with interest as notified under section 50(1).

Dahi Handi of GST Annual Return and GST Audit

Posted by CA Umesh Sharma 22 February 2020 5213 Views

Arjuna (Fictional Character): Krishna, this is 300th Karneeti article and on the eve of Janmashtami, it's double celebration. Janmashtami was celebrated with great enthusiasm, all the "Govindas" tried hard for reaching "Dahi Hand" by forming pyramid and breaking "Dahi Handi".