Seamless flow of credit. Myth or Reality? In July 2017, GST was rolled out with a robust return filing system which would have resulted in a seamless flow of credit. Government has time and again […]
46th GST Council Meeting 46th GST Council Meeting was held on Friday, 31st December 2021 at New Delhi under the Chairmanship of Finance Minister Nirmala Sitharaman. Last i.e 45th GST Council Meeting was held more […]
GST Annual Return Due Dates Due Date for FY 2020-21 The due date for furnishing GST Annual Return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has […]
GST on ice cream Ice-cream manufacturers Ice cream manufacturers have to pay GST @ 18% (HSN – 21050000) despite major ingredients (i.e., milk, sugar, fruits, etc) used to manufacture ice cream being exempt from GST. […]
GST Clarifications on Debit Notes, Refunds, and Physical copy of invoices (Circular No. 160/16/2021-GST dated 20th September 2021) A claim of ITC in respect of debit notes The date of issuance of debit notes is […]
GST sections amended in Finance Act 2021 Finance Act 2021 made around sixteen amendments which include insertions and substitutions made in the CGST Act 2017 as well as the IGST Act 2017. They were covered […]
Aadhaar Authentication under GST CGST Notification no. 17 dated 23rd March 2020 – Aadhar authentication was made mandatory for individual taxpayers Proprietorship Proprietor Partnership Firm Partner Hindu Undivided Family Karta CGST Notification no. 18 dated 23rd […]
Specimen of FORM GST CMP – 08 Statement for payment of self-assessed tax would require the following basic details like GSTIN, Legal name, Trade name, ARN, Date of filing, and the following details which states […]
45th GST Council Meeting was held on Friday, 17th September 2021 at Lucknow under the Chairmanship of Finance Minister Nirmala Sitharaman. After the breakout of the COVID-19 pandemic, GST Council met for the first time […]
Annual Aggregate Turnover Introduction GSTN portal has implemented a new functionality on annual aggregate turnover. There is no clarity on how the reflection of correct figures of aggregate turnover will benefit the Government or the […]
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