Utilization Principles Source: https://tutorial.gst.gov.in/userguide/returns/index.htm#t=Utilization_Principles.htm FAQs > Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger I was trying to make payment of the tax and was trying to offset my liability from the Electronic Cash Ledger; however I faced error. On what basis can I utilize the balance in Electronic Cash ledger? The utilization of ..read more

E-invoice in India (Updated as on 1.1.2021) At present, e-invoicing is required for invoices, credit notes and debit notes issued by a registered person, other than ➢ SEZ units ➢ insurer or a banking company or a financial institution, including a non-banking financial company ➢ goods transport agency supplying services in relation to transportation of ..read more

Courtesy : CA Umesh Sharma rbsharmaandco@gmail.com Arjun (Fictional Character): Krishna, massive changes have been made in the GST law to take effect from 1st January 2021. What is the need for such changes? Krishna (Fictional Character): Arjuna, the year 2020 has seen a large number of false transactions & malpractices of the taxpayers. Hence in the new year ..read more

Courtesy: CA Yashwant Kasar FCA, DISA, CISA, CGEIT, PMP, FAIA File type: PDF / Pages: 39 / File Size: 1.5 MB CLICK HERE TO DOWNLOAD PDF ..read more

Reforms such as GST are difficult to implement not because they do not have enough traction as ideas, but because the transition from the status quo to a new framework is challenging(PTI) The switch to the Goods and Services Tax (GST) in July 2017 was a historic moment in India’s fiscal trajectory. It scrapped a ..read more

Topic: GST implications on ‘Sale of Developed Plots’ DOWNLOAD PDF FILE – CLICK HERE   Pages: 23 / File Size : 2 MB . Courtesy and Original source: CA Yashwant J. Kasar B.Com, FCA, DISA, CISA, PMP, FAIA Email : yashwant@ykc.co.in ..read more

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Courtesy and Original source CA Deepali Mehta -GST on Real Estate –Ghatkopar CPE Study Circle, WIRC -Dt. 11/07/2020 GIST: Builder / Developer develops Land Taxation – Ongoing Projects Rate of Tax Value of Supply Input Tax Credits for Builders & Developers Tax to be discharged under RCM Download –  PDF file FILE SIZE : 3 ..read more

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The probe by the Central Bureau of Investigation in the alleged corruption in connection with GST is moving towards a direction where it appears that an organised racket was being operated by the officials of Delhi Government. During the questioning of Manish Sisodia’s OSD, Gopal Krishna Madhav and middleman Dheeraj Gupta, the CBI gathered evidence ..read more