April 15, 2020

Recently Rajasthan Authority of Advance Ruling in case of Clay Craft India Pvt Ltd has given ruling that, GST is payable under RCM, on Salary paid to director. [ Advance Ruling No RAJ /AAR/2019-20/33 dated 20th Feb 2020]. Said Ruling is pronounced in terms of, Entry 6 of Notification No 13/2017 CT dated 28.06.2017, as

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October 21, 2019

At the 37th GST Council meeting held at Goa on 19th September 2019, GST Council has decided that the New GST Return system will be applicable from 1st April 2020. The new Return system is based on the principle of matching.Input Tax Credit  availability will depend on, uploading of said details by Supplier. New Return

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October 9, 2019

Under GST, apart from the filing of regular returns, for many other compliances, the due date is prescribed. Said due dates are very stringent. If it is not followed, then Taxpayer may be required to bear the loss in lakhs.It is observed that for said compliance of F.Y. 2017-18, many taxpayers and professionals have not

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August 26, 2019

Definition of Audit given under Section 2(13) of CGST Act 2017, envisages, auditor should verify the correctness of Turnover Declared, taxes paid, refund claimed, ITC availed and assess compliance with provisions of GST Law. While carrying out certification for Form GSTR 9C, auditor is required to ensure that he has obtained reasonable audit evidence to

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July 29, 2019

Housing society are non profit oriented organization, which works for its members. Housing, under GST, it is important that said societies should evaluate GST Impact on its activity.GST is not just on organization who are doing profit motive business, but it is also applicable to on association of person, charitable organization. There is one argument

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July 26, 2019

Table of Contents APPLICABLE PROVISIONS:OLD ITC UTILIZATION Vs NEW ITC UTILIZATIONMANNER OF ITC UTILIZATION AS PER NEW METHOD:MATRIX OF ITC UTILIZATION AS PER NEW METHOD:Example:STRATEGIES OF ITC UTILIZATION:Claim upto 100% Input Tax Credit Even though GST is single Tax System, but it has ingredients of 3 Taxes ( CGST / SGST / IGST ) and

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