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Glimpse of TDS Provision under the GST Act – Revised

  The provisions relating to tax deduction at source is contained in section 51 of the CGST Act. From 1st of October the TDS provisions would be applicable vide Notification No. 50/2018 – Central Tax dated 13th September, 2018. This article deals with the applicability...

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Will Composition dealer have to pay GST on advance receipts?

Today, we will understand the scenario of GST on advance received by a Composition Dealer. Provision under Section 10 of the CGST Act, cover a composition dealer which says that: Section 10 (1) Notwithstanding anything to the contrary contained in this Act but subject to...

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” Bill to Ship to ” for E-way Bill : CGST Rules

electronic way bill

 Clarification issues by Government regarding ” Bill to Ship to ” for E-way Bill under CGST Rules, 2017   A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill for “Bill To Ship To” model of supplies. In a typical...

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Arrest under GST Law : Two Mumbai base businessmen

First arrest under GST law by Commissioner (CGST) : Two Businessmen arrested by Officers of CGST in Mumbai for  availing ineligible credit on fictitious tax invoices Officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices and availing ineligible credit. The persons have...

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Wrong Input Tax Credit claim in GSTR-3B

Input Tax Credit Claim : After various representations and comments received from stakeholder regarding clarification on the procedure for rectification of errors made in reporting Input Tax Credit claim while filing their GSTR-3B return, the Commissioner of GST issues guidelines and notifications. We summarized these common...

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Unregistered Taxpayer and Composition Scheme : GST

Unregistered Taxpayer and Composition Scheme – GST : Section 10 of the CGST Act 2017 provides option to any registered taxable person having turnover up to Rs 75 lacs per annum to pay tax at lower rates subject to the condition that he should not...

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Refund of Unutilized ITC under GST

The GST Law provide for refund of unutilized ITC, where credit accumulation is on account of inverted duty structure, subject to certain riders. Time lines have been set for processing of refund claims and claims not settled within 60 days will be paid with interest...

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Evidence for claim of refund for deemed export

CBEC issues notification for claiming refund by the supplier of deemed export supplies needs to provide evidence. GOVERNMENT OF INDIA MINISTRY OF FINANCE Department of Revenue Central Board of Excise and Customs Notification No. 49/2017-Central Tax New Delhi, the 18th October, 2017   G.S.R. (E).-...

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Excerpt of New Development in CGST : September,17

New Development in CGST

Excerpt of New Development in CGST during September, 2017. After Implementation of GST from 1st July, 2017, so many Circulars & Notifications published by CBEC, GST Council, GSTIN as well Central and State Government also. Today, we will have a bird eye view of such...

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Analysis : GST on recovery by employer from employee

Employee

Employer and Employee relationship in GST regime: New Goods and Services Tax Law is trying to create new perception of taxing principals and eliminating the limitations of existing laws, with the help of robust Information Technology system. There are different point of view about the services...

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