E-Invoice Schema Format – Mandatory Fields On 30th July 2020, the Central Board of Indirect Taxes and Customs (CBIC) released a notification and introduced the “Schema for E-Invoice” for imposing the e-invoicing. It will be implemented from 01st October 2020, only for entities whose business
Critical Analysis of GST Constitutional Journey We all know that the Constitution amendment bill later on passed by parliament and become 101 st constitutional amendment law bring the GST into life. Here I have analyzed its complete journey and constitutional background. Constitution of India supreme
जीएसटी में सप्लाई की प्रकृति- अंतरप्रांतीय या राज्य के भीतर सप्लाई की प्रकृति और स्थान का महत्त्व क्या है आईये बहुत ही आसान भाषा में समझें कि जीएसटी में सामान्य तौर पर जो सप्लाई होती है वह राज्य के भीतर की सप्लाई है या अंतरप्रांतीय सप्लाई
Composition Scheme (Section-10 of CGST Act, 2017) Every tax system requires compliances with statutory provisions in a time-bound manner such as periodic tax payments, filing of returns, maintenance of prescribed records, etc. which many a time pose a challenge to small business. Provisions to protect
Case Covered: M/s. Prasa Infocom & Power Solutions Private Limited Facts of the Case: The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017, and Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act
Case Covered: Punjab National Bank Versus M/s Mithilanchal Industries Pvt. Ltd. Facts of the Case: The present litigation initiated by the appellant Bank, right from the inception has resulted only in the loss of the time of the various judicial forums that have been approached
Introduction- Exemptions in GST Many items are exempted from GST. Section 11 of the CGST Act provides the right to prescribe the list of exempted items in GST. The following two notifications are issued to list the Exemptions in GST. 2/2017-CTR for exempted Goods 12/2017
What is GSTR 2A? GSTR 2A provides for the auto drafted details of various data at the GST portal. What information is auto-populated in GSTR 2A? GSTR 2A contains four parts. Each portion has some auto-populated data. Part A It contains the details of invoices
GSTN portal to show the details of bill of entry A major upgrade has been made in the GSTN portal. The importer’s file bill of entry at the time of payment of tax.GSTN portal to show the details of bill of entry. You can check
Appellant: M/s Siemens Power Engineering Pvt. Ltd. (SPEPL) [now merged with M/s Siemens Ltd.] Respondent: Assistant Commissioner of Income Tax. FACTS: The assessee raised many grounds of appeal, among which one of them was considered to be very crucial as it goes to the root
