GST Treatment of Secondary Discounts or Post-Sales Discount

CBIC vide Circular No. 105/24/2019-GST dated June 28, 2019, has clarified that the treatment of tax in cases of secondary discounts or post-sales discount under GST regimes for the purpose of determination of the value of supply.

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Necessary actions to be taken for GSTR 9 and GSTR 9C – CBIC Press Release

Although the due date to file the annual return forms has been extended to August 31, 2019, the confusion among the taxpayers is yet to be settled.

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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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The GST Glossary

The Goods and Service taxation introduced in the country in 2017 is one of the most intricate taxation systems worldwide.

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[Case Study] GST Reconciliation in Manufacturing Industry

The introduction of GST, has provided a great boost to the manufacturing sector by eliminating the cascading taxes. This has resulted in reducing cost of production.

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Introduction of Manual Checks in IGST Refunds

The Central Board of Indirect Tax and Customs (CBIC) introduced “Manual check” for its Customs and GST formation before the issuance of IGST refunds.

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Accounts and Ledgers under GST

GST council have made amendments that mandates timely and apposite maintenance of account books and ledgers by a taxpayer registered under GST rules.

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35th GST Council Highlights: GSTR 9 Due Date Extended

The GST Council meeting held today under the chairmanship of newly elected Union Finance Minister Mrs. N Sitharaman was long awaited by the tax community.

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How to Track Online GST Payment in 4 Simple Steps

The taxpayer can adjust these GST liabilities with the available ITC and/or pay the balance through the electronic cash ledger.

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How to Make GST Payment Online?

While we have already covered the GST registration process and management process in our previous articles, let us look at the payment process under GST.

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Kerala Flood Cess – Rebuilding Gods Own Country

8th August 2018, Kerala witnessed the worst flood in the century, affecting over one-sixth of the total population of the state.

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