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Concept of Supply under GST Regime

This article deals with the concept of supply under the GST. This article does not deal with certain special cases of supply without consideration which have been dealt with in separate articles to be published at a later date. Scope of Supply: GST is leviable...

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Returns of Inward Supplies : GST Regime

 This article deals with various aspects of return of inward supplies but does not deal with matching which is dealt in a separate article on the subject. Who are required to file : As per section 38(2) of the CGST Act read with Returns Rules,...

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Decoding of ITC Rules : CGST & SGST Provisions

The Draft GST ITC Rules made public by Council, which is a complete set of provisions pertaining to the Input Tax Credit combining with the provisions of CGST/SGST Acts. The provisions of ITC Rules broadly contain broadly the following issues: • How much credit of...

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Accounts and Records – V : GST

ACT_RECORDS_5

Accounts and Records to be maintained under the GST Regime- Special requirements for works Contract Business. The purpose of this article is to create awareness about the soon to be implemented Goods and Service Tax in India. This article is the fifth article of the...

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Accounts and Records-IV : GST Regime

Accounts and Records to be maintained under the GST Regime – Warehouse owners and Transporters. The purpose of this article is to create awareness about the soon to be implemented Goods and Service Tax in India. This article is the third article of the series...

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Returns of outward supplies-GST

This article deals with various aspects of returns of outward supplies but does not deal with matching which is dealt in a separate article on the subject. Who are required to file? As per section 37(1) of the CGST Act read with Returns Rules, every...

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Accounts and Records-III : GST

ACT_RECORDS_3

Accounts and Records to be maintained under the GST Regime- Special requirements for Agents The purpose of this article is to create awareness about the soon to be implemented Goods and Service Tax in India. This article is the third article of the series of...

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Accounts and Records-II under GST

RECORDS-II

This article is the second article of the series of articles on accounts and records to be maintained under GST based on GST Act and Accounts and Records Rules. This article covers special requirements for generation and maintenance of records in electronic format. Recommended  ...

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GST – Composition Scheme : Summary

Meaning-Small taxpayers with an aggregate turnover in a financial year up to [Rs. 50 lakhs] shall be eligible for composition levy. The scheme is, however, optional for the taxpayer. Tax payer needs to present ‘Bill of supply’ instead ‘Tax invoice’ to the tax authorities. Also,...

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Accounts and Records-I under GST

ACCOUNTS & RECORDS_GST

This article is the first article of the series of articles on accounts and records to be maintained under GST based on GST Act and Accounts and Records Rules. This article does not cover special requirements for warehouse owners, transporters, works contract, agents, maintenance of...

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