Notifications for Key Decisions of 35th GST Council Meeting (Dated 28 June 19)

The Government has issued various notifications, Order and Circulars for implementing the decisions taken in the 35th meeting of the GST Council.

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Credit Availed and IGST paid in GSTR 9 – Table 8 Explained

The first section relates to the comparison of credit availed on forward charge by the taxpayer with the credit available as per inward supply uploaded by the suppliers in GSTR 1, duly reflected in GSTR 2A.

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ITC Claim When Consideration is Paid through Book Adjustment

The GST Act and rules made there under does not restrict the recipient from claiming the ITC when consideration is paid through book adjustment.

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MAY 2019, Newsletter #15

Updates on GST Portal | Curious Case of GSTR 2X | IRIS Sapphire: GSTR 2X | IRIS Peridot against GST Fraud | Interest payable on gross liability

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Delay in GST returns filling Interest is payable on gross liability

Hyderabad, Apr 23 In a move that would have a significant impact on businesses that use tax credits available on inputs and raw materials to reduce payment in cash.

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Important GST Notifications Issued on 23rd April 2019

A registered taxpayer will not be eligible to generate e-way bill on the GST portal if the taxpayer: Paying tax under composition scheme has not furnished the returns for two consecutive tax period;

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APRIL 2019, Newsletter #14

Reverse Charge Mechanism | Cancellation and Revocation of GST Registration | IRIS Sapphire: New Features | Resetting invoice numbers

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APRIL 2019, Newsletter #13

34 GST Council Meeting Updates- Real Estate | Simplified GST Return Forms, Deferred | IRIS Garnet: An Overview | Upcoming Product Updates in April | GST Tax fraud caught in Vadodara

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7 Tasks to Finish Before the End of Financial Year 2018-19

simplify tax returns and enable a fairer taxation system, the GST council has put their best foot forward effective April 1, 2019. Now as the fiscal year 2018-19 approaches its end, a new page awaits to be written.

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Top 11 Advance GST Rulings of February 2019

Advance Ruling under GST refers to a decision provided by the authority or the appellate authority to an applicant on matters or on questions specified in sub-section (2) of section 97 or sub-section (1) of section 100 in relation to the supply of goods or services or both being undertaken or proposed to be undertaken by the applicant.

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MARCH 2019, Newsletter #12

New Tax Forms under GST | Penalties and Confiscation for Non Generation of EWB | GST Updates effective April 1, 2019 | IRIS Sapphire - Releases

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8 GST Rule Updates You Need to Know Before 1st April 2019

1st April 2019, any person who is engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed forty lakh rupees is exempt from obtaining the registration under GST Act except for the following

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