28 May 2021

ITC Mismatch in GSTR-3B vs GSTR-2A/2B - Rule 36 (4) & It's Constitutional Validity

By Authored by CA Manish Gupta
Category Goods and Service Tax
Views 1878

Goods & Services Tax is a very comprehensive indirect tax levied on the supply of goods and services in our country. It was launched countrywide on July 1, 2017, by the President of India. GST was brought in as a revolutionary change and India's biggest tax system overhaul with one of the essential objectives of providing seamless credit flow to the taxpayers.

21 May 2021

Decoding Cryptocurrency From GST Point Of View

By Authored by CA Manish Gupta
Category Goods and Service Tax
Views 410

Today, with the rise of cryptocurrencies and their underlying technology, we stand at the helm of a digital revolution. Cryptocurrencies like Dogecoin, Bitcoin, Ethereum, and Mon-roe are the digital currency used to buy online goods and services, just like tokens or casino chips. Cryptocurrencies operate using a technology called blockchain.

12 May 2021

Facility to accept undertaking for bond extended till June 30 2021

By Authored by CA Manish Gupta
Category Goods and Service Tax
Views 240

C entral Board of Indirect and Customs had issued a Circular No. 09/2021 – Customs dated May 08, 2021, to restore the facility under Circular No. 17/2020 dated April 3, 2020, namely, Measure to facilitate trade during lockdown period under Section 143AA of the Customs Act, 1962'.

10 May 2021

New Functionalities Made Available for Taxpayers On GSTN

By Authored by CA Manish Gupta
Category Goods and Service Tax
Views 393

Auto-generation of GSTR-2B for the taxpayers under QRMP scheme:
Now, the taxpayers can view and download the GSTR-2B generated by the system for the quarter of January-March’21