GST Articles
RCM and Self-Invoicing Challenges for Indian Corporates
Reverse Charge Mechanism, or RCM as it's commonly known, is one of those GST rules that sounds harmless on paper but tends to create a lot of buzz - and confusion - in the real world of accounting and compliance.
GST Penalty Pre-Deposit Reduced: CGST Act Amendments
Discover how the CGST Act amendments reduce GST penalty pre-deposit to 10%, easing appeals for taxpayers. Learn the practical implications and benefits.
RCM Under GST: How To Record Entries In Tally?
RCM under GST applies to certain categories where the buyer has to pay GST directly to the government and then can claim ITC if eligible.
The Significance of Entertainment in the Busy Lives of Indirect Tax Professionals
14 May 2025
565 Views
Entertainment and the lives of Indirect Tax Professionals-such as Chartered Accountants, Advocates, and others-are more closely linked than they may seem at first glance.
Future of GST Compensation Cess: What to Expect Beyond Mar 26
Future of GST compensation cess totally hinges on the GST Councils decision about the surplus after loan repayments.
GSTR Reconciliation with Advance Excel Utility
GSTR Input Reconciliation with GSTR-2A Using Advance Excel UtilityFiling the GST Annual Return (GSTR-9) is a crucial compliance task for every registered taxpay...
GSTR-7: Consequences of Accepting Wrong GST TDS Credit
GSTR-7 is a monthly GST return for those deducting TDS under GST. It details the TDS deducted, paid and related transactions.
Important Updates in GST Refund Filing Process
In a significant move aimed at simplifying the refund process, the Goods and Services Tax Network (GSTN) has announced major updates for refund applications und...
Clarification on availability of GST Input Tax Credit on Demo Vehicles
Under the Goods and Services Tax (GST) regime, Input Tax Credit (ITC) is generally available on goods and services used in the course or furtherance of business. However, Section 17(5) of the Central Goods and Services Tax (CGST) Act, 2017
GST on Societies/Clubs and their Members - Is History repeating itself, or a new chapter in the making?
The transactions between society/ clubs and its members have seen unending litigation under the erstwhile Indirect Taxes regime and the same is also continuing in the GST regime.
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