GST

RCM under GST applies to remuneration to employee director u/s 194J and not u/s 192 – Clarifies CBIC!

Introduction Under the current GST Law, remuneration given to a Director (by whatever name given) is a taxable service chargeable under Reverse Charge Mechanism (‘RCM’) for levy of GST1. On the other hand, an employee performing his...

Loophole in GST refund application on Portal

Rule 89(4) In the case of zero-rated supply of goods or services or both without payment of tax under bond or letter of undertaking in accordance with the provisions of sub-section (3) of section 16 of...

PMT 09- For rectification of GST dues paid under wrong head

CBIC via notification No. 31/2019 dated on 28th June 2019 introduced form PMT-09  to save the registered taxpayers from blockage of business fund that occur during the period of refund application of excess balance in the electronic cash...

GST on E-commerce operators

GST (Goods and Service Tax) has been imposed on supply of goods and services. GST on E-commerce operators remains the same as any other mode of supplies This article is helpful to those who want to...

Latest GST Revised Due Date due to Covid-19

Government through Circular No. 136/06/2020-GST dated 3rd April 2020 has extended the due dates for GST filings in order to give relief to various businesses due to the spread of Covid-19 pandemic. The GST revised...

E-way Bill

Electronic Way Bill is a unique document which is system generated or generated electronically for consignment of goods from one place to another. It may be either inter-state or intra-state, as such a person...

Amendments to GST rules (23.03.2020)

Summary of Important Amendments to GST Rules as per the notifications issued on 23.03.2020:- GST Registration:- As per Notification No. 16/2020- dated 23.03.2020:- Authentication of Aadhaar number for grant of registration As per  Rule 8 (4A) of...

What is Reverse Charge Mechanism in GST?

Normally, GST on goods and services is payable by the taxable person (i.e. person registered or liable to be registered under GST). However the Government have, on the recommendation of the council, by notification specified categories of...

Recent posts