June 2, 2020

The New GST Return System will inaugurate in October 2020 as per the decision of the 39th GST Council Meeting held on March 14th, 2020.The changing system also has impacted various components of the Existing System. The introduction of new forms will also change the reporting of various miscellaneous transactions.Let us understand what changes are

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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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December 2, 2019

Under GST, valuation of taxable supply is a critical aspect. While value of supply under GST has various points need to be considered and one such area is GST discounts and its treatment.A lot of confusion among businesses and CA’s regarding treatment of various GST on discounts received by a business.With regard to this, a

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