Equipping Modern Enterprises with Powerful GST, E-Way Bill & E-Invoicing Solutions

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  • GST Filing & Reconciliation
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How to Calculate GST?

For any taxpayer calculating GST payable for the GST Return filing is not less than a rocket science. The taxpayer has to take everything into consideration while calculating GST such as inter and intrastate supplies, exempted supplies and reverse charge including eligibility of the ITC. Because if a taxpayer pay-off less amount of GST payable … Read moreHow to Calculate GST?

Export and Import under GST

What do the term export and import mean under GST? Exports and Imports plays a vital role in the growth of the economy by pooling in foreign exchange through international borders. Under GST act export means to supply goods outside the border of India whereas import means the supply of goods inside India through international … Read moreExport and Import under GST

Penalties and Consequences for Non-Compliance with e-Way Bill Provisions

As per the GST ACT, it is mandatory to carry the copy of the invoice and e-way bill as the field officer can inspect the same while the movement of goods. As most of the check posts are removed after the implication of GST e-way bill, the consignment can be verified by the mobile patrolling … Read morePenalties and Consequences for Non-Compliance with e-Way Bill Provisions

Summary of Notifications under CGST Act till date

Notifications under CGST Act till date S.No. Date Of Notification Effective Date Notification No. Subject Summary 1 19-Jun-17 22-Jun-17 1 Seeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017 Provisions in respect of definitions, officers, appointment, powers, composition levy, registration, migration, common portal and power of government to make rules … Read moreSummary of Notifications under CGST Act till date

Summary of Notifications under IGST Act (RATE) till date

Notifications under IGST Act (RATE) till date   S.No. Date Of Notification Effective Date Notification No. Subject Summary 1 28-Jun-17 1-Jul-17 1 Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the rate of the integrated tax. IGST Rates for Schedule I notified. … Read moreSummary of Notifications under IGST Act (RATE) till date

Summary of Notifications under IGST till date

Notifications under IGST till date S.No. Date Of Notification Effective Date Notification No. Subject Summary 1 19-Jun-17 22-Jun-17 1 Seeks to bring certain sections of the IGST Act, 2017 into force w.e.f. 22.06.2017 Provisions regarding appointment of officers, payment of tax by OIDAR service suppliers and application of certain provisions of CGST Act are notified. … Read moreSummary of Notifications under IGST till date

Summary of Notifications under UTGST Act (RATE) till 31st Oct 2017

Notifications under UTGST Act (RATE) till 31st Oct 2017 S.No. Date Of Notification Effective Date Notification No. Subject Summary 1 28-Jun-17 1-Jul-17 1 UTGST Rate Schedule notified under section 7 (1) Rate of tax: 2.5% for supply of goods specified in Schedule I, 6% for Schedule II, 9% for Schedule III, 14% for Schedule IV, … Read moreSummary of Notifications under UTGST Act (RATE) till 31st Oct 2017

Analysis of Interest on Reversal when Payment Not Made in 180 Days

Let’s analyse the GST provisions one by one to obtain a clear cut understanding of the intention of the lawmakers. Section 16 of CGST Act, 2017 says: (1) Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit … Read moreAnalysis of Interest on Reversal when Payment Not Made in 180 Days