Articles under GST

GST Notice reply - How to reply to notices of mismatch of GSTR 3B and 2A

GST Notice reply - How to reply to notices of mismatch of GSTR 3B & 2A   Even after five years of GST implementation and over a thousand notifications and circulars, we are still experiencing numerous issues with GST notice replies, on-site maintenance and department operations.   Businesses and professionals face numerous challenges due to issues and constant change. But, unfortunately, even after five years, we still expect and hope for stability in the

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GSTR-3B filing under GST

GSTR-3B filing| GSTR-3B Guide & necessary GSTR-3B Reconciliation GSTR-3B filing , as per the GST laws, is a self-declared consolidated summary of all the inward and outward supplies done by the taxpayer in a month or a quarter. GSTR-3B vs GSTR-2B reconciliation is now necessary to confirm that the Input Tax Credit claimed in the GSTR-3B form is valid and as per the GSTR-2B statement. In this comprehensive article, we will be looking at the detail

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39th GST council meeting decisions

  39 th GST council meeting decisions, 14.03.2020   39 th GST Council meeting held on 14 th March, 2020 at New Delhi took following decisions relating to changes in GST rates on supply of goods and services.    The recommendation of the Fitment Committee for calibrating the GST rate structure to correct the inverted duty structure on various items like Mobile phones, Footwear, Textiles and Fertilizers was placed before the GST Council for discussion.

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GST rate slab structure set to revamp

Goods and Service Tax slab structure revamp   As of now, the GST has five slabs of zero per cent, 5 per cent, 12 per cent, 18 per cent and 28 per cent. In wake of growing revenue concerns, the Goods and Services Tax council may consider revamping tax structure and raising the existing base slab 5 % to 9 -10%, while doing away with the 12% rate and moving 243 items in this segment to the 18% to shore up the shortfall in collections. The slab restructuring may assist government with c

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Removal of Difficulties Order issued to 37th GST Council

  Removal of Difficulties Order issued to 37th GST Council regarding GST Appellate Tribunal   Central Tax Order No 59 of 2019 dt 26th November, 2019 under GST Order no 59/2019 Central Tax date on 26th November, 2019, GST Removal of Difficulties Order issued to implement the decision of 37th GST Council regarding GST Appellate Tribunal. The extract of GST Order No. 59/2019- Central Tax is given below Order No. 59/2019- Central Tax, GST   [To be publi

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