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E-way bill without the Supply
E-way bill without the Supply When there is a supply, it is clear that the registered person has to generate the e-way bill. But when it is not a supply, then there are some conditions/cases when the generation of the e-way bill is required. E-way
GST Audit – Some Basics
GST Audit – Some Basics Source: ICAI We thank CA Vasant Bhat, Mumbai for drafting this article and CA S Venkataramani, Bangalore & CA. Ashok Batra, Delhi for reviewing the same. Feedback on the article may be sent at idtc@icai.in. Introduction 1.1 The concept of
Suggestions on GST on specified issues by ICAI
Suggestions on GST on specified issues by ICAI The Institute of Chartered Accountants of India (ICAI), being the accounting regulator, has been proactively supporting the Government in creating awareness and disseminating knowledge of GST among various stakeholders. The ICAI has organized more than 3000 Programmes
Annexure to the GST FORM GSTR – 9D
Annexure to the GST FORM GSTR – 9D There are total 29 annexure to the GST FORM GSTR – 9D every annexure specify the following: Annexure 1.Details of transactions not offered to tax under the GST Laws Annexure 2.Details of supplies covered under Section 8
GST FORM GSTR – 9D : Statement of particulars
GST FORM GSTR – 9D : Statement of particulars With audit report there are some required statements of particulars which are to be furnished/submitted with the FORM GSTR-9C. GST FORM GSTR – 9D : Statement of particulars is regarding the important statements of business which is
Form GST 9C : GST Audit Report
Important Update: Government has notified changes in Section 35(5) & 44 of the CGST Act. Now the GST audit & certification which was required to be done by CA/CMA is no longer required. Taxpayers whose aggregate turnover exceeds 5 crores in the previous financial year
Proposed drafts of GST Audit report is out (drafted by ICAI)
Proposed drafts of GST Audit report is out (drafted by ICAI) Indirect Taxes Committee of The Institute of Chartered Accountants of India has drafted following reports and Forms: Draft Form GSTR 9C – being the GST Audit report; Draft Form GSTR 9D – being the GST Statement
Online or offline? All about LUT
Online or offline? All about LUT In order to make the export of goods or services, without payment of GST , a Letter of Undertaking (LUT) is required to be obtained under the provisions of Section 16 of IGST Act read with rule 96A of GST Rules,
CGST Circular No.39/2018 – Setting up of an IT Grievance Redressal Mechanism
Circular No.39/2018 – Setting up of an IT Grievance Redressal Mechanism F. No. 267/7/2018-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi, dated the 3rd April, 2018 To The Principal Chief Commissioners/ Chief Commissioners/ Principal
All about e-way bill portal
All about e-way bill portal After applicability of the e-way bill, there are more problems regarding the generation and use of the e-way bill portal. So lets find out about the e-way bill portal by the presentation made by the CA Venugopal Gella on all
GST E-way bill explained
GST E-way bill explained GST e-way bill is the new and latest hot topics for the people in market, consultancy and commerce. Every person want there basics cleared and GST e-way bill explained which is applied under GST rule 138. What is E-way bill? E-way
Invoice Series for new Financial year under GST
Invoice Series for new Financial year under GST As of April 3rd, 2018, GSTN portal does not allow you to enter same invoice number in 2018-2019, which you had entered in any GSTR-1 of 2017-2018. There should be new invoice series for new financial year