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GST Archives - All About Finance https://taxclick.org/tag/gst/ Thu, 07 May 2020 09:22:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://taxclick.org/wp-content/uploads/2021/11/favicon.png GST Archives - All About Finance https://taxclick.org/tag/gst/ 32 32 GST and JOHNNY- UPDATE No.40 https://taxclick.org/type/gst/gst-johnny-update-no-40/?utm_source=rss&utm_medium=rss&utm_campaign=gst-johnny-update-no-40 https://taxclick.org/type/gst/gst-johnny-update-no-40/#respond Fri, 24 Apr 2020 14:36:12 +0000 https://taxclick.org/?p=4848 This papa: – In erstwhile Excise regime, export under bond or LUT, there was requirement to maintain the balances. The amount is debited as soon as export goods are cleared from factory and afterwards credit is granted as and when the proof of export is submitted in Annexure 19. A proper account was maintained. However, ... Read more

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]]> https://taxclick.org/type/gst/gst-johnny-update-no-40/feed/ 0 GST Revenue Collections for the Financial Year 2017-18 https://taxclick.org/type/gst/gst-revenue-collections-financial-year-2017-18/?utm_source=rss&utm_medium=rss&utm_campaign=gst-revenue-collections-financial-year-2017-18 https://taxclick.org/type/gst/gst-revenue-collections-financial-year-2017-18/#respond Sun, 29 Apr 2018 04:43:21 +0000 https://taxclick.org/?p=4271 Total Revenue of Rs. 7.19 lakh crore collected under GST in the period between August 2017 and March 2018 During 2017-18, total revenue collected under GST in the period between August 2017 and March 2018 has been Rs. 7.19 lakh crore. This includes Rs. 1.19 lakh crore of CGST, Rs. 1.72 lakh crore of SGST, ... Read more

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]]> https://taxclick.org/type/gst/gst-revenue-collections-financial-year-2017-18/feed/ 0 GST update on mismatch of invoice numbers https://taxclick.org/type/gst/gst-update-mismatch-invoice-numbers/?utm_source=rss&utm_medium=rss&utm_campaign=gst-update-mismatch-invoice-numbers https://taxclick.org/type/gst/gst-update-mismatch-invoice-numbers/#respond Wed, 15 Nov 2017 11:13:56 +0000 https://taxclick.org/?p=4205 Many steps have been taken by the Government for the smooth implementation of GST. But there are some problems being faced by the assesses especially the exporters relating to the Refund of IGST paid and unutilized credit. A set of Representations have already been sent by us requesting for solving the issue and providing relief. ... Read more

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]]> https://taxclick.org/type/gst/gst-update-mismatch-invoice-numbers/feed/ 0 GST On Employee Reimbursements https://taxclick.org/type/gst/gst-employee-reimbursements/?utm_source=rss&utm_medium=rss&utm_campaign=gst-employee-reimbursements https://taxclick.org/type/gst/gst-employee-reimbursements/#respond Mon, 13 Nov 2017 05:55:07 +0000 https://taxclick.org/?p=4193 Under GST regime, there have been a lot of issues regarding taxability of transactions between employer and employee and applicability of reverse charge mechanism on such transactions. Now, according to clause 1 of Schedule III of the CGST Act, 2017, any services provided by employee to employer in course or in relation of employment shall ... Read more

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]]> https://taxclick.org/type/gst/gst-employee-reimbursements/feed/ 0 GST Tweet 100 FAQs https://taxclick.org/type/gst/gst-tweet-faqs/?utm_source=rss&utm_medium=rss&utm_campaign=gst-tweet-faqs https://taxclick.org/type/gst/gst-tweet-faqs/#respond Mon, 24 Jul 2017 17:03:10 +0000 https://taxclick.org/?p=4048 The tweets received by askGST_GoI handle were scrutinized and developed into a short FAQ of 100 tweets. It should be noted that the tweets received or the replies quoted are only for educational and guidance purposes and do not hold any legal validity. S. No. Questions / Tweets Received Replies Registration 1. Does aggregate turnover ... Read more

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]]> https://taxclick.org/type/gst/gst-tweet-faqs/feed/ 0 Format of Invoice under GST https://taxclick.org/type/gst/format-invoice-gst/?utm_source=rss&utm_medium=rss&utm_campaign=format-invoice-gst https://taxclick.org/type/gst/format-invoice-gst/#respond Sat, 17 Jun 2017 14:49:18 +0000 https://taxclick.org/?p=3984 As per Rule 1 of GST revised Rules, the tax invoice shall include – Name, address and GSTIN of the supplier; a consecutive serial number containing only alphabets and/or numerals, unique for a financial year; date of its issue; name, address and GSTIN/ Unique ID Number, if registered, of the recipient; name and address of ... Read more

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]]> https://taxclick.org/type/gst/format-invoice-gst/feed/ 0 Burden of tax on Heena Manufacturers and Traders under GST https://taxclick.org/type/gst/burden-tax-heena-manufacturers-traders-gst/?utm_source=rss&utm_medium=rss&utm_campaign=burden-tax-heena-manufacturers-traders-gst https://taxclick.org/type/gst/burden-tax-heena-manufacturers-traders-gst/#respond Wed, 07 Jun 2017 11:41:32 +0000 https://taxclick.org/?p=3965 The GST Council at its meeting on May 18, 19 has evolved a consensus on GST rates for goods and services, leading us closer to July 1 implementation. The underlying objective of rate declaration was clear for some time, which is to maintain the current effective indirect tax burden to control inflation and avoid surprises. ... Read more

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]]> https://taxclick.org/type/gst/burden-tax-heena-manufacturers-traders-gst/feed/ 0 Time of Supply of Goods under Section 12(6) of CGST Act 2017 https://taxclick.org/type/gst/time-supply-goods-section-126-cgst-act-2017/?utm_source=rss&utm_medium=rss&utm_campaign=time-supply-goods-section-126-cgst-act-2017 https://taxclick.org/type/gst/time-supply-goods-section-126-cgst-act-2017/#respond Wed, 24 May 2017 10:18:24 +0000 https://taxclick.org/?p=3956 As per Section 12(6) of CGST Act, 2017 relating to Time of Supply of Goods states that time of supply to the extent it relates to an addition in the value of supply by way of interest, late fee or penalty for delayed payment of any consideration shall be the date on which the supplier ... Read more

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]]> https://taxclick.org/type/gst/time-supply-goods-section-126-cgst-act-2017/feed/ 0 Focus Areas of Reports Generated By Software for Filing Returns https://taxclick.org/type/gst/focus-areas-reports-generated-software-filing-returns/?utm_source=rss&utm_medium=rss&utm_campaign=focus-areas-reports-generated-software-filing-returns https://taxclick.org/type/gst/focus-areas-reports-generated-software-filing-returns/#respond Wed, 17 May 2017 06:42:32 +0000 https://taxclick.org/?p=3949 As we all know, filing of numerous returns in the GST regime will be a cumbersome task which will be essential for claiming input tax credit because credit availment requires matching of outward supplies of the supplier and inward purchases of the purchaser on online portal. The task will be tedious for large sized companies ... Read more

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]]> https://taxclick.org/type/gst/focus-areas-reports-generated-software-filing-returns/feed/ 0 Impact of GST on Online Market Place https://taxclick.org/type/gst/impact-gst-online-market-place/?utm_source=rss&utm_medium=rss&utm_campaign=impact-gst-online-market-place https://taxclick.org/type/gst/impact-gst-online-market-place/#comments Wed, 17 May 2017 04:06:05 +0000 https://taxclick.org/?p=3943 Commerce is the lifeline of the human society and the introduction of the internet has made things and circumstances more favorable than problematic. In the Indian scenario, shifting from the traditional brick and mortar structure to the online structure, the rise of ecommerce has been meteoric. Statistics say that in the year 2016, about 69 ... Read more

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