138 ViewsGSTR-3B is a summarized return. A taxpayer is required to file this return as per the requirement of the provision u/r 61(5) of CGST Rules, 2017. This return is filed on a monthly basis. In this return the taxpayer furnishes the sum total of outward supplies in a particular month. The taxpayer also works […]
A brief note on Job Work process
191 ViewsA person who is carrying out the activity of manufacturing of goods may send his goods (inputs, semi-finished goods or capital goods) to another person who is having the facility of manufacturing the same goods. This becomes necessary to meet the additional demand in the market for that product and the manufacturer has exceeded […]
A brief note on Input Tax Credit (ITC) under GST
199 ViewsMeaning of ITC A tax charged by a registered person on outward supply of taxable goods or services or both on the tax invoice raised by him is called as “input tax” from the view point of the buyer. The tax charged by him on the tax invoice could be either Central Tax (CGST) […]
Goods Transport Agency (GTA) Service : A Consignment Note not issued
155 ViewsThe appellant M/s. K M Trans Logistics Private Limited, Jaipur, Rajasthan has filed an Appeal u/s 100 under Central Goods and Service Tax Act, 2017 read with section 100 of Rajasthan Goods and Service Tax Act, 2017 against the Advance ruling of the Authority for Advance Ruling, Rajasthan passed on 29.08.2019. The appellant is […]
WRIT ISSUED BY GUJARAT HIGH COURT IN THE CASE OF M/S HEAVY METAL.
163 ViewsA Writ of Mandamus is a judicial remedy which a person aggrieved can seek from a court. Mandamus is an order or direction from a court to any government, subordinate court, corporation, or public authority, to do or forbear from doing some specific act which that body is obliged under the law to do […]
A brief information on GST provision
149 ViewsImplementation: Goods and Service Tax (GST) was implemented on 01.07.2017. In GST, the State taxes like Value Added Tax (VAT), Central Sales Tax (CST), Entry Tax (ET) got subsumed into State GST and it is termed as “SGST”. The Central taxes like Central Excise Duty, Additional Customs Duty, Special Additional Duty got subsumed into […]
GST on Supply to a Residential Society : AAR, Rajasthan
123 ViewsThe applicant M/s. Latest Developers Advisory Ltd., 3rd Floor, Apex Mall, Tonk Road, Lal Kothi, Jaipur, Rajasthan 302015, filed application before the Authority for Advance Ruling, Rajasthan seeking advance ruling on whether GST is required to be paid on water charges collected from the customers (individual residents of a society) for supply of water […]
Services by way of transfer of business as a going concern is exempted from GST
166 ViewsThe Applicant M/s. Rajeev Bansal & Sudershan Mittal, 789, 1st Floor Awas Vikas Ranipur More, Hardwar, Uttarakhand has made an application before the Authority for Advance Rulings for the State of Uttarakhand on 05.12.2019. The application was filed seeking advance ruling on whether “Business Transfer Agreement” as a going concern which consists of transferring […]
Circular no. 137 dt.13.4.2020 – Certain issues in GST is being clarified
155 ViewsIssue 1 : A supplier has received an advance for supply of service to be made in future. He also raised an invoice and paid GST to the Govt. Subsequently, the Service contract got cancelled. In such situation, whether the supplier can claim refund of tax paid or is he required to adjust his […]
Changes in GST vide Notifications published on 03.04.2020
120 Views ITC restriction u/r 36(4) is relaxed for period from March to August, 2020: As per rule 36 of CGST Rules, a taxpayer can claim input tax credit only if the invoices appear in GSTR-2A. And, in case the invoices do not appear in 2A report, then the taxpayer is allowed to take only […]