Time Limit for Refund Application under GST
According to Section 54 of CGST Act, an application for claiming refund of any tax and interest can be made before...
GST
GST Refund in case of Inverted Duty Structure
Introduction: Where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax...
GST on NGO and charitable Trust
The GST has impacted the industry as well as the nonprofit entity. The GST is not totally exempt on these...
Time Limit To Avail ITC In Case of Import of Goods
As per section 16(4) of the CGST Act, 2017 is the time limit to avail the ITC is before filing...
Guideline for GSTR-9 & GSTR-9C for FY 2020-21
The government has issued the notifications providing the details for filing of annual return in Form GSTR-9 and reconciliation statement...
Section 234E of the Income Tax Act
Tax deductor and the tax collector is liable to furnish required quarterly statements (returns) under the Income Tax Act. In...
Blocking of E-Way Bill generation facility to resume after 15.08.2021
Advisory for Taxpayers regarding Blocking of E-Way Bill (EWB) generation facility resume after 15th August, 2021. As you might be...
Treatment of Discounts under GST
Discounts are an integral part of business. Business generally offer trade discounts to increase sales, while cash discounts are given...
Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4
Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting...
GST on Import of Service under Reverse Charge Mechanism
Applicability of GST on Reverse Charge Mechanism for Import of Service According to section 7(1) (b) of CGST Act’ 2017 supply includes...