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Guidance note on CGST Transitional credit
Guidance note on CGST Transitional credit Introduction: Provision for transition of pre-GST era credit of Central Excise and Service Tax are contained in section 140 of the Central Goods and Services Act, 2017 (hereinafter referred to as the “CGST Act”). It may be noted that
Circular No. 37/11/2018-GST
Circular No. 37/11/2018-GST Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 – GST dated 21st December 2017 clarified various issues in relation to processing of claims for refund. Since then, several representations have been received seeking further clarifications
Circular No. 35/9/2018-GST
Circular No. 35/9/2018-GST In the Service Tax regime, CBEC vide Circular No. 179/5/2014 – ST issued from F.No. 179/5/2014-ST dated 24 September 2014 had clarified that if cash calls are merely transaction in money, then they are excluded from the definition of service provided in
Circular No. 36/10/2018-GST
Circular No. 36/10/2018-GST The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017. It has decided that the entities having Unique Identity Number (UIN) may be given centralised registration, at the option of such entities. Further, it was also decided that
Arrest in GST
Arrest in GST: Facts you should know After first arrest people have started panicking about the arrest. There are some facts which should have to be in the mind of the people regarding the arrest in GST. There are many facts which are not known
Check GST return status of any taxpayer without logging in
Check GST return status of any taxpayer without logging in Now you can check status of GST Returns files by any taxpayer by simply entering GSTIN number under ‘Search Taxpayer’ on www.gst.gov.in. You do not need to be logged in. In case your client is
GST Update on credit reversal of flats sold
GST UPDATE ON CREDIT REVERSAL OF FLATS SOLD AFTER COMPLETION CERTIFICATE-PART-III:- In continuation to our earlier update regarding the requirement of credit reversal on flats sold after obtaining completion certificate, we now discuss the provisions of Rule 42 of the CGST Rules, 2017 in case
GST Quick Update:UR RCM/TDS/TCS postponed upto June 2018
GST Quick Update:UR RCM/TDS/TCS postponed upto June 2018 Following changes were proposed by GST council meeting today. GSTR 3B along with GSTR 1 will continue upto June 2018. RCM of 9(4) leviable on purchase from unregistered supplier is also postponed till June 2018. Provisions of
CA Shafaly GirdharwalRule 42: simplified
Rule 42: simplified Important point to take care ITC of non business, exempted, section 17(5) and taxable including zero rated (T1,T2,T3,T4) supply is required to be declare every month while filing GSTR 2. GSTR 2 is pending for indefinite period by CBEC. It is advisable
CA Shafaly GirdharwalQuick update: CGST 2nd amendment rules 2018
CGST 2nd amendment rules 2018 (1) These rules may be called the Central Goods and Services Tax (Second Amendment) Rules, 2018. (2) Save as otherwise provided in these rules, they shall come into force on such date as the Central Government may, by notification in
CA Shafaly Girdharwal
GST ComplianceIneligible ITC in GST for works contract supply
Ineligible ITC in GST for works contract supply It is very important to reverse the ITC not eligible for a taxpayer. Construction contracts are treated as a composite supply. In this article we will discuss all the provisions related to the reversal of ITC in
CA Shafaly Girdharwal
GST Complianceprovisions for arrest by a GST officer
Section 69 provide for arrest by a GST officer authorised by commissioner: GST provisions provide for arrest by a GST officer for any of following offence. Arrest by GST officer can be done when amount of tax evaded is more than 2 Cr. supplies any
CA Shafaly Girdharwal