June 1, 2020
What is RCM under GST? Reverse Charge Mechanism or RCM under GST is the payment of Taxes in a reversed cycle that is directly through the recipient to the Government. The Working of reverse charge is tricky & technical involving multiple conditions.We have created a detailed guide on the working of the Reverse Charge Mechanism
May 26, 2020
Article CoversBackground of the MSMEs & the MSME Act 2006Introduction to the GST Regime & its impact on MSMEsIntroduction to New GST Returns & the Revised Forms New GST Return System- What’s in it for the MSMEs?-Anticipated BenefitsAnticipated IssuesConclusion Watch video on Importance of Form GST REG-06 Background of the MSMEs & the MSME Act 2006The
May 21, 2020
Introduction In its 31st GST Council Meeting, which was held in December 2018, the GST Council proposed the idea of a new system of GST Return filing.This system of Return filing was supposed to be implemented at the beginning of this year. But the date of implementation got extended from April 2020 to October 2020.The
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
March 3, 2020
Taking a step towards curbing the Tax evasion and enhancing the tax revenue collection, the Government has imposed a new rule of blocking the E-way Bill generation of certain Taxpayers. These are the taxpayers with a default in their punctuality in the context of filing Tax returns. Taxpayers Who have not filed their tax returns
January 14, 2020
Table of Contents e-Invoicing Applicability under GSTWhat is E-Invoicing?E-invoicing Applicability in GSTMyths & Facts About E-invoicingSteps for E-Invoice Generation ProcessImportant Terms and PointsBenefits of E-invoicingModes of Generation of E-InvoiceGenerate complete and ready-to-use e-Invoices in just 1-click ! In the 37th GST Council Meeting held on 20th September, 2019, decision was made to implement e-invoice. Further, in