The Central Board of Indirect Taxes & Customs (CBIC) introduced the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to help small taxpayers whose turnover is less than Rs.5 crores. The QRMP scheme allows the taxpayers to file GSTR-3B every quarter and pay tax every month. Who...
Place of Supply (POS) in GST In GST, the concept of a place of supply has been made relevant not only for the supply of services but also for the transaction of goods. In this article, we shall be discussing provisions relating to the place of supply of goods. Which tax is to be levied...
Under section 17(5) of the CGST Act, there are certain supplies on which input tax credit under GST is not available. These supplies can also be said as blocked credit. Section 17(5)(a): (1) Motor Vehicle for transportation of person having approved seating capacity of not more than 13 persons Except when used for: 1. Further...
“86B. Restrictions on the use of amounts available in electronic credit ledger. Notwithstanding anything contained in these rules, the registered person shall not use the amount available in the electronic credit ledger to discharge his liability towards output tax over ninety-nine percent of such tax liability, in cases where the value of taxable supply other...
What is an E-way Bill? E-Way Bill is an Electronic Waybill for the movement of goods to be generated on the E-Way Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in. Alternatively, E-way bills can...
GST- Law for companies under insolvency & Bankruptcy Code, 2016 [From the date of the appointment of the IRP/RP till the period they undergo the corporate insolvency resolution process] Corporate debtors under the provisions of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), undergoing the corporate insolvency resolution process and the management of whose...
CA Raichura & AssociatesHeadquarters
76/760, 2nd Floor, Suryadarshan CHS, Opp State Bank of India, Mahavir Nagar, Kandivali (W), Mumbai - 67.
CA Raichura & AssociatesHeadquarters
76/760, 2nd Floor, Suryadarshan CHS, Opp State Bank of India, Mahavir Nagar, Kandivali (W), Mumbai - 67.
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© 2021 CA Raichura & Associates | Powered by FileRabbit