Expert Knowledge, Straight from Practitioners.

GSTIN enabled facility to report negative figure in GSTR 3b

GSTIN enabled the facility to report a negative figure in GSTR 3b- Now you can enter a negative figure in GSTR 3b. GSTIN portal has enabled the facility to report the negative figure in GSTR3b. It is a huge relief for the taxpayer. GSTIN doesn’t

The short claim of Input Tax Credit in GSTR-3B of Financial Year 2017-18 and not claimed in GSTR-3B of Financial 2018-19. LAPSED.

The short claim of Input Tax Credit in GSTR-3B of Financial Year 2017-18 and not claimed in GSTR-3B of Financial 2018-19. LAPSED. Herewith I giving with the example for your better understanding. Illustration-1. “A” Tax Payer purchased inward supply of goods worth Rs.1,00,000/- as per

B S Seethapathi Rao

GSTR 3b will auto compile form GSTR 1

GSTR 3b will auto compile form GSTR 1- You can see that on the portal. Data filled in GSTR 1 is going to get auto reflected in GSTR 3b. Thus you can get an auto reflected GSTR 3b on the portal. GSTR 3b will auto compile

Excess Input Tax Credit claimed in GSTR-3B for the F.Y.2017-18 and reversed in GSTR-3B of F.Y 2018-19

Excess Input Tax Credit claimed in GSTR-3B for the F.Y.2017-18 and reversed in GSTR-3B of F.Y 2018-19 Herewith I giving with the example for your better understanding. Illustration-3. “A” Tax Payer purchased inward supply of goods worth Rs.1,00,000/- as per books. The rate of GST

B S Seethapathi Rao

📋Import / Export

Circular No. 40/2020-Customs

Circular No. 40/2020-Customs To, All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central tax, All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive), All Principal Commissioners/ Commissioners of Customs & Central tax, All Principal Director

📋GST Consultancy

Rule 86A of CGST Rules- Blockage of ITC

Rule 86A of CGST Rules-Conditions of use of amount available in the electronic credit ledger (1) The Commissioner or an officer authorised by him in this behalf, not below the rank of an Assistant Commissioner, having reasons to believe that credit of input tax available

📋GST Litigation

Opportunities With Regulators And Tribunals (Byproduct Is Consultancy)

Opportunities With Regulators And Tribunals (Byproduct Is Consultancy) Name of The Act Name of The Officer Forums The Appearance of Chartered Accountants 1. THE INCOME-TAX ACT 1961 (Sections 288, 245R(5), 250(2) and 269O read with Rule 51 of Income Tax Rules 1962) Assessing Officer, CIT

CA Rajkumar Adukia

📋GST Litigation

Preparation And Presentation Before Regulators, Authorities & Commercial Tribunals

Preparation And Presentation Before Regulators, Authorities & Commercial Tribunals Introduction At the time of cardiac arrest, Cardiopulmonary resuscitation, commonly known as CPR, is an emergency procedure that can help the patient until further measures are taken to restore him to health. Similarly, at the time

CA Rajkumar Adukia

GST Glossary: Meaning of Services in GST

What is the meaning of services in GST? Section 2 (102) of the CGST Act defines the services in GST “Services” means anything other than goods, money and securities but includes activities relating to the use of money or its conversion by cash or by

CA Shafaly Girdharwal

📋GST Litigation

Set Aside Disqualification of Directors – Delhi HC to MCA

Set Aside Disqualification of Directors – Delhi HC to MCA Case Covered: Sandeep Agarwal Versus Union of India Facts of the Case: The present petition has been filed by the Petitioners – Mr. Sandeep Agarwal and Ms. Kokila Agarwal, both of whom are directors in

ITC-04 Online Filing Procedure

ITC-04 Online Filing Procedure Know All About Form ITC-04 Under GST Compliance Introduction Section 19 of the CGST Act, 2017 defines provisions in respect of ITC for inputs and capital goods sent for Job Work. The Principal or the registered person can claim ITC on

CA Rohit Kapoor