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Search results for: CGST

GST Collection in Oct 2021

24% Higher GST Revenue Collection in Oct 2021 Compare Oct 2020

Revenues towards the month of October 2021 are 24% on rising with respect to the GST revenues in the corresponding month last year and 36% over 2019-20 The gross GST revenue obtained in Oct 2021 is Rs 1,30,127 cr where CGST is Rs 23,861 crores, SGST is Rs 30,421 crores, IGST is Rs 67,361 crore […]

18% GST Rate for Children Smart Tricycle

TN AAR: 18% GST Levy on Children Smart Tricycle & Kick Scooter

Recently the Tamil Nadu Authority of Advance Ruling (AAR) notified that the Children Scooter, Activity Ride-on, Smart Tricycle and Kick Scooter are eligible to be levied with 18% GST. One applicant named Joshna Candesh Shah also happens to be the trader as well as importer of playing toys from multiple regions and countries and further […]

SCN Timeline for Annual Return U/S 44

GST Show Cause Notice Arriving Due to Annual Returns

The due date to furnish the yearly return beneath section 44 of the Central Goods and Services Tax Act, 2017 (CGST Act, 2017), towards the FY 2017-18, 2018-19 & 2019-20 provided as: Sr. No. Period “Last date to file Annual Return” 1 2017-18 “05th & 7th February 2020 (Notification No. 06/2020-Central Tax, dated 03.02.2020)” 2 […]

What are Electronic Cash, Credit, Liability, Negative Liability Ledger

GST Guide of Electronic Cash, Credit, Liability & Negative Liability Register

Towards GST the e-Ledger is an electronic form of passbook. These e-ledgers are present to all kinds of GST registrants upon the GST portal. The e-ledgers includes the information of the mentioned particulars: GST Amount deposited in cash towards the government liability in electronic cash ledger. Input Tax Credit available (ITC) balance in the electronic […]

GST Applicable on Salary, PF and ESI

Telangana AAR: GST Levy on Salary, PF and ESI Paid by Hospital

The Telangana Authority of Advance Ruling (AAR) held that GST is exigible upon EPF, ESI, Salary, or Wages reimbursed via Hospital. The petitioner, Bhagyalakhsmi Devamma Vangimallu who is the owner of Versatile Resource Solutions has entered into a contract with M/s. Asian Institute of Gastroenterology Private Limited, Somajiguda, Hyderabad for furnishing the housekeeping services. According […]

Madras HC's Order for GST Refund U/S 54

Madras HC Grants Permission SEZ to Claim GST Refund U/S 54

While permitting the refund of Goods and service tax (GST) towards the special economic zone (SEZ) by the Madras High court, it ruled that any individual can furnish for the refund beneath section 54 of the CGST act. Special economic zone (SEZ) is the applicant and shows the buyings from various suppliers or vendors for […]

What Happen If You Do Not File GSTR 3B within Due Date?

Must-know Ramifications If Not Done GSTR 3B Filing on Time

GSTR 3B is the return that needs to be furnished through the regular GST taxpayers. It consists of the summary information of the outward supplies built and the information of the ITC. The last date for furnishing the GSTR 3B next month is date 20 but the government can prolong the last date. What is […]

GST Registration Process for CTP & NRTP

GST Registration Casual & Non-Resident Taxable Person U/S 27

CTP (Casual Taxable Person): Section 2(20) of the CGST Act, 2017 offers that the CTP is an individual who occasionally furnishes the transactions which cover the supply of goods or services or dual towards the case or progress of the business whether the principal, agent or in any other capacity, in the state or the […]

Best GST Software for CA and Professionals

Best 19 GST Return Filing & Billing Software for CA Business

GST software is essential for government-mandated tax return filing for taxpayers and businesses. It offers a comprehensive solution for GST-related processes and compliance. In this post, we will explore the best 19 GST return filing and billing software for CAs, offered by various organizations. Indian Government GST Offline Utility This software for GST filing and […]

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