CAclubindia Articles

GST in RCM in case of ocean freights

Posted by CA Pradeep Sharma 09 July 2022 5047 Views

The idea of introducing 'composite supply' was to ensure that various elements of a transaction are not dissected and the levy is imposed on the bundle of supplies altogether.

Reporting of ITC in GSTR 3B and other details in GSTR 1 and GSTR 3B

Posted by Rohit Kumar Singh 08 July 2022 10167 Views

The GST Council in their 47th meeting at Chandigarh proposed changes in Form GSTR 3B as well as suggested new disclosure requirements for GSTR 1 and GSTR 3B. We have summarised the Circular No 170/02/2022-GST dated 6th July 2022 as well as presented the changed Form GSTR 3B for better understanding and clarity.

A simple guide to knowing your hourly billing rate

Posted by CA Saurabh Dwivedi 08 July 2022 9741 Views

What should be your hourly billing rate as a Freelancer or an Independent Professional?

Case Study 2 - Prevention of Money Laundering Act 2002

Posted by FCS Deepak Pratap Singh 08 July 2022 7706 Views

XYZ Limited is a company engaged in real estate and construction business. In order to build a land bank in various parts of India that were likely to see commercial development and anticipating a future upward trend in land prices in various parts India.

Notifications pursuant to 47th GST Council Meeting

Posted by Rohit Kumar Singh 08 July 2022 6286 Views

CBIC has issued Non-Rate Notifications giving effect to the recommendations of the GST Council meeting

How to handle litigation under GST

Posted by CS Advocate Abhishek Goyal 07 July 2022 5221 Views

Post 5 years of GST implementation, it is seen that GST still remains an evolving law, leave alone a settled law so to speak. While some of the issues are ironed out, there are still plenty of issues that need consideration in terms of ground-level reality check.

All about Form GSTR-9C

Posted by Neethi V. Kannanth 07 July 2022 6209 Views

Earlier, every registered person whose aggregate turnover during a financial exceeds Rs. 2 crore was required to get his accounts audited as specified under section 35 (5) of the CGST Act and was required to furnish a copy of audited annual accounts and a reconciliation statement, duly certified from GSTR-9C.