GST Articles

Interplay of RCM and registration requirement on rental service

CS Advocate Abhishek Goyal 01 August 2022 at 08:47

The RCM liability on registered tenant shall apply irrespective of whether the landlord is registered under GST or not.

GSTR-3B in new avtar very soon!

CS Advocate Abhishek Goyal 29 July 2022 at 16:59

The concept paper is based on recommended changes to GSTR-3B based on recommendations of GST Council keeping in view the discussions held therein.

Mandatory furnishing of correct details in Form GSTR-1, GSTR-3B & GSTR-9

CA Umesh Sharma 29 July 2022 at 09:00

Circular No. 170/02/2022-GST on 6th July 2022 was passed for furnishing correct and proper information about inter state supplies and supplies and amount of ineligible/ blocked Input Tax Credit and reversal thereof in GSTR-1 &3B. Circular No.14/2022-GST on 5th July 2022 stated about GSTR-9 & 9C

Relief for Commission Agents of Agriculture produce Turmeric

CA Umesh Sharma 29 July 2022 at 09:00

Maharashtra appellate Authority for advance ruling for goods and service tax has issued order No. MAH/AAAR/AM-RM/07/2022-23 regarding the taxability of services provided by commission agent in relation to supply of turmeric to traders in APMC.

Indicative list of parameters for scrutiny

CA Pradeep Sharma 26 July 2022 at 09:06

The Proper Officer shall scrutinize the returns and related particulars furnished by the registered person to verify the correctness of the returns.

Reversal of ITC under GST

Neethi V. Kannanth 25 July 2022 at 16:41

Reversal of ITC means reversal of ITC utilized earlier. By doing this, there will be an increase in the output tax liability and interest may also be required to be paid depending on when the ITC is reversed.

Scope of pre-packed and labelled items

CA Pradeep Sharma 25 July 2022 at 08:46

With effect from the 18th July 2022, this provision undergoes a change and GST has been made applicable on supply of such "pre-packaged and labelled" commodities attracting the provisions of Legal Metrology Act.

Amended GST Rates applicable from 18th July 2022

Neethi V. Kannanth 21 July 2022 at 17:19

Several amendments have been proposed in the 47th GST Council Meeting.The government issued nine Central Tax (Rate) notifications starting from number 03/2022 to 11/2022 on 13th July 2022. These notifications provide details about the changes in GST rates and shall come into effect from 18th July 2022

GSTN implements mandatory mentioning of HSN codes in GSTR-1

CA Ruby Bansal 21 July 2022 at 09:17

Vide Notification No. 78/2020 - Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year.

GST rate increase for Government projects (Works Contracts) - Impact & way forward

CA Venkatprasad Pasupuleti 20 July 2022 at 15:12

Construction industry plays an important role in the development of any country. It is a large sector of Economy of about Rs. 37 lakh crores (as per national accounts statistics, 2019-20). The construction industry in India consists of the Real estate as well as the infrastructure development segment.