GST Articles
Reversal of Input Tax Credit Availed under GST Regime
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).
Need Valuation. Whom should I approach?
Valuation refers to calculation of value of business/ underlying asset / liabilities of entity. One of key factors which drives valuation process is purpose. The Valuation approach will depend on the purpose for which the valuation is done.
Dahi Handi of GST Annual Return and GST Audit
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".
Steps to be taken by taxpayers to file Form GSTR 9C
1. Digital Signature Certificate (DSC)i. Digital Signature Certificate (DSC) must be PAN based and in format PKCS7.ii. DSC must not be corrupted.iii. DSC should...
Registration under GST for works contract
The registration under GST is PAN based and State-specific. Every taxable person (subject to threshold limit) is required to obtain a PAN based registration in ...
How to resolve technical glitches while uploading GSTR-9C?
Arjuna (Fictional Character): Krishna, GST department has come out with statistics that only 1% of GST Audit Report
GST on Legal Services Provided by Advocates
Is GST applicable to legal services provided by advocates, senior advocates and advocate firms? Are they covered under Reverse Charge Mechanism (RCM)? Is an advocate required to be registered under GST? When are legal services exempt from GST?
Duty Free Shops & its Refund Procedure in GST- Saga Continues!!
IntroductionThe taxability on duty-free shops has always been debatable concept in taxati
Exemption from GST for Residential Welfare Association - An Update
BackgroundIn the past under erstwhile service tax laws, several of the RWA�s had been citing mutuality concept to claim exclusion from tax net. The doctri
Update on GST-Construction done for landlord under Joint Development Agreements after April 2019
BackgroundJoint development agreements or JDA, are entered into by the land owners with developers. The land owners may not be having the resources or technical...
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