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Important Take aways from Master Circular on refund
Master Circular on refund Circular No. 125/44/2019 – GST dated 18-11-2019: The circular aims at automating the entire refund process. Many a new concepts and procedures for refunds have been laid. At the same time old guidelines have been consolidated, and some of them have
Reports of demanding GST on salary of CFO is wrong : CBIC
GST on salary of CFO is wrong, clarified by CBIC. In a past development, a press release of CBIC was quoted. It was said that CBIC is going to ask for GST on the salary of CFO’s. The press release was not there on the
Major turnaround in amended GSTR 9C
Introduction: In a major turnaround notification no. 56/2019 has changed a lot of things in amended GSTR 9C. It is going to be a boon for taxpayers. They were finding it hard to fill these details. Now you can fill the figure of variance in
CA Shafaly GirdharwalHandbook on Accounting Treatment under Goods and Services Tax (GST)
Handbook on Accounting Treatment under Goods and Services Tax (GST): ICAI has released a handbook on accounting treatment under Goods and Services Tax (GST). The following treatments are covered in this handbook. Accounting Treatment under GST a. Accounting Treatment of Inward Supplies under GST b.
CERTIFICATE TO BE OBTAINED FOR CHARGING LOWER RATE
CERTIFICATE TO BE OBTAINED FOR CHARGING LOWER RATE C.B.I. & C. Instruction F. No. 354/52/2018-TRU Authenticated document to be relied upon by the developer to charge concessional rate of GST on CLSS housing.- As per the detailed Operational Guidelines available on Ministry of Housing and Urban
FAQ’s on filling reply to Form GST DRC-22
FAQ’s on filling reply to Form GST DRC-22 Dear Colleagues, I have received suggestion to prepare article on “Filling reply to Form GST DRC-22 against proceedings initiated for recovery of Taxes under GST Law,2017, (Practical Manner). So, here with I am trying at my best
How to file a reply in form GST ASMT-11?
1.How can I file reply in Form GST ASMT-11 to the notice issued against Scrutiny of Returns? Ans: To file reply in Form GST ASMT-11 to the notice issued against Scrutiny of Returns, perform following steps: Navigate to view additional notices / orders page to view
12 SUGGESTIONS FOR SIMPLIFICATION OF GST LAW
12 SUGGESTIONS FOR SIMPLIFICATION OF GST LAW, PROCEDURES & FORMS It is to provide ease of business to dealers & to make GST “simple” and Help to clear mess created under GST so that compliance level can be increased. (October 2019) 1. FOR ITC MATCHING
How to calculate max ITC in GSTR 3b?
What is changed related to ITC in GSTR 3b? In light of recent updates in GST, we have compiled this article. Rule 36 is inserted into CGST rules. The text of the same is reproduced here. This rule is the latest reason for the nightmares
CA Shafaly GirdharwalDo you need to pay GST on discount?
Introduction: relevance of 105/2019 There is a lot of hue and cry over the taxability of post-sale discounts in GST. Recently CBIC withdrawn their circular number 105/2019 dated 28-06-2019. The circular was about the taxability of the post-sale discount. A question was there, Do we
CA Shafaly GirdharwalRCM on services by Directors: Part II
Introduction to the issue: RCM on services by Directors is a complex issue. I wrote an article on this same issue for a basic understanding. Why is it complex? All companies registered in GST are facing the heat of this issue. Entry no. 6 of
CA Shafaly GirdharwalCertificate Course on Ind AS (with numerical questions): Weekend Batch at Delhi
Certificate Course on Ind AS (with numerical questions): Weekend Batch at Delhi Intended for: • CA, CS, CWA, ACCA (including Experienced, Freshers and CA, CS, CWA Finalists) • IFRS Aspirants seeking career in this discipline • CFO & Finance Director • Analysts, Accountants • Auditors