GST Regulation – ITC Reconciliation, GSTR 2A Reconciliation

Brief Introduction: GST Return, Types and Filing

Posted by Amit Mundhra
On April 4, 2020
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All about GST, GST, GST Blog, GST News, GST Offences and Penalties, GST Regulation, GST Updates

Goods and Services Tax is not a new concept, we already know a great deal about it. But there are still some key topics under GST which need our immediate attention. So, to help you in learning those we are here. In today’s blog, we will talk about GST Return, its types and how to […]

Key Outcomes – 3rd National GST Conference

Posted by Amit Mundhra
On March 12, 2020
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All about GST, Goods and Services, GST, GST Act, GST Blog, GST Regulation, GST Updates, GSTNews, Input Tax credit, ITC, Utilization of ITC

[vc_row][vc_column][vc_column_text] On March 6, 2020, the 3rd National GST Conference of Commissioners of State Tax and Zonal Chief Commissioners of Central Tax was held at Vigyan Bhavan, New Delhi under the chairmanship of Union Finance Secretary, Dr Ajay Bhushan Pandey. Hon’ble Union Finance Minister, Smt. Nirmala Sitharaman also joined the Conference and intensively discussed the […]

Advisory for Opting in for Composition – Filing of Form GST-CMP-02 for the Financial Year 2020-21 w.e.f. 1st April 2020

Posted by Amit Mundhra
On February 19, 2020
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All about GST, GST, GST Act, GST Blog, GST Regulation, GST Updates, GSTNews, Taxation

To help you with the filing of form GST-CMP-02 for the Financial Year 2020-21, here we are we the advisory for opting in for composition. all this filing in the process will come into effect from 1st April 2020. Let’s not waste another minute and get started with it. Who all can opt-in for Composition: […]

Benefits of Goods and Services Tax

Posted by Amit Mundhra
On February 15, 2020
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GST, GST Act, GST Blog, GST News, GST Offences, GST Regulation

Since, its conception in 2017, Goods and Services Tax has been the topic of debate for many. Some criticise it, some blame it for the low GDP rate, some are still sceptical of its usage and some are neutral. So, here we are to talk about its benefits, yes you read it right, there are […]

Union Budget 2020 Expectations: GST

Posted by Amit Mundhra
On January 27, 2020
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All about GST, automobile, Budget 2020, Budget Expectations 2020, Budget:GST, Goods and Services, GST, GST Act, GST Blog, GST Regulation, GSTNews, Individuals, LLPs, MSMEs, Partnerships, Saving, Tax rate cuts, Taxation

Everyone is busy with financial planning for the year 2020 and the Finance Ministry is busy with the planning of the upcoming Budget 2020. The union budget for the fiscal year 2020-21 is scheduled on 1st February 2020 and Sitharaman is all set to present her second budget as a Finance Minister. There are many things on […]

ITC: Conditions To Claim Input Tax Credit under GST

Posted by Amit Mundhra
On January 18, 2020
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Avail ITC, Claim ITC, Conditions, Goods and Services, GST, GST Act, GST Blog, GST Regulation, GST Updates, ITC, Purchase Register, Suplier

Input Tax for a taxable person is the Goods and Services Tax levied on him/her for the supply of goods or services to him/her, which are used or are intended to be used, for the development of his business. ITC under GST is the most critical activity as well as a matter of concern for […]

38th GST Council Meeting Highlights

Posted by Amit Mundhra
On December 20, 2019
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38th GST Council Meeting, GST, GST Blog, GST Regulation, GST Updates, GSTR 2A, ITC

Since the implementation of GST, every day there are new additions or changes in the process so that it can be simplified further. To add to this list, the GST council recommended few more changes in its 38th GST Council Meeting. The meeting was headed by Union Minister for Finance & Corporate Affairs Smt. Nirmala […]

Clarifying Input Tax Credit Claims under New GST Rules

Posted by Amit Mundhra
On November 13, 2019
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GST, GST Regulation, GST Updates, GSTNews, ITC

Since its implementation in 2016, GST laws have been kept on changing. In recent times a lot of big amends have been done to simplify GST for taxpayers. To add to the list is the latest GST circular released by Central Board of Indirect Taxes and Customs (CBIC), which is here to end confusion over […]

5 Major changes in income tax laws that came into effect from September

Posted by Amit Mundhra
On September 11, 2019
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GST Regulation, GST Updates, TDS

As the full budget for financial year 2019-20 was presented after the general elections, there are certain changes, that are now applicable from the September 2019. 1. TDS on non-exempt portion of life insurance As the net income portion is defined as the total sum received less of total amount of insurance premium paid. So […]