46 Amendments proposed by the Govt in GST Laws

GST is one of the most dynamic tax structure of India in terms of amendments and the reason behind the same is the competitiveness of the industries which force the govt. to make the rules strict and as well as to make the law simpler. In this movement, the government has proposed 46 amendments in the GST Laws recently. The file has been attached for your reference. Click here to download the file

Treatment of Reverse charge under GST

Hello Everyone coming with another article in this new year on Reverse Charge under GST, Reverse charge is a mechanism where recipient of goods and/ or services is liable to pay GST instead of supplier. Now What is Reverse Charge ? Under Normal Scenario, tax is paid by a supplier who makes supply of goods or services or both. However, under Reverse Charge Mechanism, liability to pay tax would not be on the supplier of goods or services or both but on the [...]

HOW TO FILE GST TRANS-1

  BACKGROUND I would like to Owe to all the readers for providing good response& Appreciation to my article “GEAR UP FOR THE FIRST GST RETURN(GSTR-3B)”. Various registered persons under GST Act have input credit balance of OLD LAWS (Excise, Servicetax, Value Added tax, Entry Tax (In some cases)) which they want to be carried forward in GST. Hence government has come up with transitional provisions to entertain such credit to be carried forward. However, over the period of two months we have [...]

HOW TO FILE GST RETURN

GEAR UP FOR FIRST GST RETURN (GSTR-3B) BACKGROUND: After filing of Income tax return by August 05, 2017 now comes in the period of GST Return for the very first time, Anything for the first time creates a chaos due to limited knowledge among various businessmen over how to file the returns and hence this article is being shaped to try to make gst return filing easier than filing any return. Ever since India’s Biggest Indirect tax reform, Normal Tax Payers have [...]

GST COMPLIANCE – Book by Atul Khurana

Greetings from Atulkhurana.com!!! We are happy to bring out the 1st edition of GST Compliance for our readers. The book has been written keeping in mind the expectations of various sections of society in terms of a one stop solution to know about: Basics All the rates of  goods & services under GST law, Info about  Input Tax Credit in GST, composition  scheme Registration under GST, Continuous supply, GST Returns, Reverse charge, Penalty & [...]

GST DUNIYA. (Part – 9)

Hope you had read the previous parts of the GST Duniya series, if not, then read it from here: Part 1  Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Part 8 Today we will discuss about the Amendments in GST.   As we all know GST has been rolled out from july 1,2017. So for its better implementation, various meetings had taken place and some important decisions which were taken in these meetings are explained below: Update About Composition Scheme : Composition Levy (SECTION 10) In terms of section 10(1), [...]

GST Presentation – 2 (Basics)

Here we comes up with the 2nd ppt that deals with the Basics of GST. These Presentations are the part of "GST -  A New Awareness" by Kanika Aggarwal -  A series of powerpoint presentations on GST. For Detail study you can also refer GST Duniya series on www.atulkhurana.com. Here is the Link of our 2nd presentation that deals with overview of GST. Click here to Download   In case of any query related to above article, the questions can be asked by commenting in the [...]

GST DUNIYA. (Part – 8)

we are extremely sorry for the delay. There were some technical problems due to which we couldn't post the updates but now we are back in action. Hope you had read the previous parts of the GST Duniya series, if not, then read it from here: Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Part 7 Today we will discuss about Penalties and Prosecutions  in GST   Various Penalties and Prosecutions under GST regime are explained below: First of all there is a need to understand,why penalty imposes on [...]

GST Presentation – 1 (Overview)

"GST -  A New Awareness" by Kanika Aggarwal -  A series of powerpoint presentations on GST. For Detail study you can also refer GST Duniya series on www.atulkhurana.com. Here is the Link of our 1st presentation that deals with overview of GST. Click here to Download

GST DUNIYA. (Part – 7)

Hello Readers, Hope you had read the previous parts of the GST Duniya series, if not, then read it from here: Part 1 Part 2 Part 3 Part 4 Part 5 Part 6 Today we will discuss about Concept of supply  in GST Let’s start: Meaning and Scope of supply (Section 7) Supply includes all forms of supply of goods and /or services such as sale, transfer, barter, exchange, license, rental, lease or disposal for consideration. Consideration can be either in form of monetary consideration or non-monetary consideration.It means consideration can be [...]

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