Daily Archives: January 13, 2018

Statutory GST Audit

By | January 13, 2018

Statutory GST Audit Like under VAT regime, is there any statutory GST audit by a Chartered Accountant compulsory for all assesses and what are the provisions for it ?  Annual return with reconciliation statement  has to be certified by CA (Chartered Accountant) / cost accountant if turnover exceeds Rs two croes and has to be… Read More »

Category: GST

GST on Security Service by Govt to Govt Authority

By | January 13, 2018

The Central Government provides Security service to a government authority, whether such services shall be taxable  under  GST ? There is NIL GST on Following Services :- Services by the Central Government, State Government, Union territory or local authority excluding the following services— (a) services by the Department of Posts by way of speed post, express… Read More »

GST ITC on Repair of Building

By | January 13, 2018

Can a company can take/avail credit on repairs of building which is in the nature of work contract. Account Head debited in its Profit and Loss book is Building Repair ? Section 17 (5) of CGST Act 2017  ….. , input tax credit shall not be available in respect of the following, namely: …. (d) goods… Read More »

GST ITC on Train Ticket

By | January 13, 2018

Can a company can take ITC (Input Tax Credit) on IRCTC tickets when the company is sending its employees to official tour purpose ? Section 16. (1) of CGST Act 2017 :  Every registered person shall, subject to such conditions and restric- tions as may be prescribed and in the manner specified in section 49, be… Read More »

How to Generate e way Bill

By | January 13, 2018

How to Generate e way Bill After the recent notification of Implementation of E-waybill System from 1st feb 2018 ( and mandatory to all states from June), E-waybill can be generated from the New Portal. http://ewaybill.nic.in How to Generate on E-Way Bill Portal? First:  You have to register if You haven’t registered yet with your GST… Read More »

Category: GST