Budget 2020 in GST – Highlights

Amendments in the Central Goods and Services Tax Act,2017 / Integrated Goods & Services Tax Act, 2017 /Union Territory Goods & Services Tax Act,2017. Amendments carried out through the Finance Bill, 2020 will come into effect on the date of its enactment (unless otherwise specified).

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Input Tax Credit Break-up of GST RET 1 – Table 4 Explained

The GST Council has introduced new return filing system in order to simplify the filing process. This system is currently postponed until October 2020. Under the new filing system, depending

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New Input Tax Credit Rule: 20% Capping of ITC not Reflected in GSTR 2A

The central government vide Notification no 49/2019 central tax dated 9/10/2019 has made amendments to CGST Rules, 2017. One of the amendments is insertion of sub-rule (4) to rule 36

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Provisional ITC as per New Simplified GST Returns

Can I claim ITC on Provisional Basis once the new returns come in force? This question is asked by many purchasers many a times. The answer to this question has

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