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: Even though GST is single Tax System, but it has ingredients of 3 Taxes (

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July 6, 2019

It is very usual and often that Supplier offers various kind of discounts to its Customer/dealer/retailer (referred as “dealer”), in order to incentives Sales, to offset for advertisement expense uncorrected, for reduction of sale price to ultimate customer etc.Some of discount are offers upfront in invoices whereas some are offered after Sale.  In this article,

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July 3, 2019

35th GST Council Meeting was held at New Delhi on 21 June 2019 , after more than three months of longer gap. It was the 1st GST Council meeting  under 2nd term of Modi Govt. and also under the chairmanship of Hon’ble Finance Minister Smt. Nirmala Sitharaman.  It was one of the meeting, for press

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June 5, 2019

As we know, all the registered taxpayers have to file GSTR 9 annual return for the financial year 2018-19. The last date for filing of GST Annual return in FORM GSTR-9 is 30th June 2019. Many traders and industries have raised certain queries with respect to the filing of this Annual Return which is being

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May 24, 2019

GSTR 9 is an annual return. It contains 6 parts and 19 tables. Part II as already mentioned in earlier blogs contains information with respect to outward supply whereas Part III requires details for Input Tax Credit. Part IV requires details of tax payable and tax paid during the financial year for which GSTR 9

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