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How to adjust ITC in 3b to reduce cash outflow?
Auto adjusted ITC in GSTR 3b: Need to adjust ITC properly In GSTR 3b you enter the sale and ITC for the month. It calculates the amount of payment required for the month. don’t rely on that figure. This calculation is not as per GST
FAQ’s on RCM on transportation or Maal Bhada
Introduction: Dear All, RCM on transportation FAQ’s. We have compiled the questions asked on our video on freight or maal bhada. All issues including the RCM on agriculture produce, of exempted items, is included in it. If a courier and cargo firm hire vehicle on
Composition levy updated after finance bill 2019
Who is eligible for composition levy after all amendments? Now there are two types of composition levy in GST. Section 10 of CGST Act covers it. New amendments are proposed in this section. It includes the composition scheme for services providers also. Composition levy for
CA Shafaly GirdharwalCBIC GST audit manual for departmental audits
GST audit manual for departmental audit CBIC has released a manual for the GST audit of taxpayers. This is for departmental audit by CBIC. It is covered by section 65 of CGST Act 2017. Remember that it is not for audit to be done by
E-book in pdf Impact of CGST & IGST finance bill 2019
Free E-book in PDF for the impact of CGST & IGST finance bill: This book has a vide coverage for all major provisions related to CGST & IGST finance bill 2019. It has updated the CGST Act. Following is a summary of this book. You
RCM on GTA for freight or maal bhada
Who will be liable to pay tax on freight for services of GTA? Recipient of services will be liable to pay tax in RCM @ 5%. GTA can also pay in forwarding charge @12%. In case they chose to pay in forwarding charge there is
CA Shafaly GirdharwalFAQs on RBI notification on Foreign Liabilities & Assets Reporting
1. What is the notification about? RBI vide its notification dated 28 June 2019 has revised the reporting norms for Indian Entities w.r.t. Annual Return on Foreign Liabilities and Assets. With the objective to enhance the security-level in data submission and to further improve the
Last date of ITC is filing of annual return
The historical decision of Gujrat High court: In Case of AAP AND CO., CHARTERED ACCOUNTS THROU AUTHORISED PARTNER VersusUNION OF INDIA & 3 other(s) a deep discussion was done on various GST provisions. This is a historical case as it set aside the press release
CA Shafaly GirdharwalGST amendment finance bill -Section wise analysis
Adjudicating authority to exclude National Appellate Authority for Advance Ruling Source Clause 91 of the Finance Bill,2019. Effective Date Date to be notified by the government. Affected Provision Section 2(4) of the CGST Act, 2017. Provision before amendment 2(4) “adjudicating authority” means any authority,
Legacy Dispute Resolution Scheme
In this e-book on Legacy Dispute Resolution Scheme, CA Pritam Mahure has discussed the various provisions regarding the legacy disputes. So following is the e-book on Legacy Dispute Resolution Scheme: 1. Legacy Dispute Resolution Scheme 1.1 Why Legacy Dispute Resolution Scheme is needed? Pending legacy indirect
GST course to get a leverage in career
Why GST course? GST course is organized by Consultease with GST faculty Ms. Shafaly Girdharwal. This course will be quite helpful for the candidates trying to make a career in GST. It will also help in growth for people working in indirect tax profile. It
Turnover for GST audit will be considered from 1.7
CBIC clarified on turnover for GST audit: In a press release yeaterday, CBIC clarified that the turnover for GST audit will be considered from 1st July 2017 to 31st March 2018. As per GST provisions every taxpayer having a turnover of more than Rs. 2crore