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GST

Input Tax Credit (ITC) under GST

What is Input Tax Credit (ITC) SGST, CGST and IGST – How Input Tax Credit is allowed Persons who are allowed to take Input Tax Credit Persons NOT allowed to take Input Tax Credit Time limit for taking ITC Conditions for taking …

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TDS under GST – Applicability, Rate, Provisions

The provisions of TDS and TCS is applicable from 1st October 2018. Notification No. 50/2018 – Central Tax When TDS needs to be deducted The central or state government may mandate the following enterprises to deduct TDS at the rate of 2% …

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How to Surrender your GSTIN

A new functionality has been introduced on the GST portal for the surrendering of GST Registration. If you want to cancel your GST registration, follow below steps: – Step 1: Login into your account on GST.GOV.IN Step 2 : Go to Services …

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GST Practitioner

CGST Act contains the provisions regarding appointment of GST Tax Practitioner (GSTP). GSTP is a person who is authorized by the GST Department for performing certain functions on behalf of the registered persons under GST. Although any person can perform GST functions …

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Audit under GST

There are three types of audit under GST. They are Audit by Chartered Accountant Audit by  Tax Authorities Special Audit Audit of Accounts by CA or CWA Every registered person whose turnover exceeds Rs. 2 crore during a financial year has to get …

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Place of Supply of Goods/Services under GST

GST is a consumption based tax. So the tax should be received by the government of the state or union territory where goods/services are consumed. So there should be proper determination of the place where supply took place. Also there is a …

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