Category Archives: Video Tutorial

How ITC can be claimed for Civil Work, Mechanical and Electrical Work of Building : AAR Clarify

By | October 22, 2018

Whether on facts and circumstances of the case, the input tax credit of tax paid on costs proposed to be incurred in relation to activities mentioned in Annexure 4 ( costs proposed to be incurred for ‘Extension Project’ for activities in relation to building works, fire protection work, Air condition work, utility work and electrical works… Read More »

ICAI’s E-Handbook for Guidance on HSN Classification under GST : Download

By | October 20, 2018

ICAI’s E-Handbook for Guidance on HSN Classification under GST The Indirect Taxes Committee of the ICAI has come out with “E-Handbook on classification under GST”. This e-publication interalia covers meaning, need, principles/rules to be considered, steps to be followed etc. for aptly classifying goods/services. This e-handbook provides a deeper knowledge of provisions pertaining to Classification of… Read More »

Purchase Details not required in GSTR 4 : Govt Clarification

By | October 18, 2018

Ministry of Finance  Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 Posted On: 17 OCT 2018 3:10PM Watch Video Explanation by CA Satbir Singh It has been brought to notice that doubts regarding the manner of filing the quarterly return by Composition Dealers in FORM GSTR-4 in the absence of… Read More »

Advisory for Taxpayers to file GST Refund for Multiple Tax period

By | October 17, 2018

Advisory for Taxpayers to file GST Refund Application for Multiple Tax period, grounds of refund, GST-RFD-01A, restrictions and invoice locking etc. Following is the advisory issued on 16.10.2018 by GSTN  on https://www.gst.gov.in: 1. Refund application filing for multiple tax period is available for below grounds of refund: a. Export of Goods & Services-Without payment of… Read More »

Input tax Credit available on Demo Car used by vehicle dealer : AAR

By | October 12, 2018

Input tax Credit available on Demo Car/ Test Drive car Input tax paid on purchase of goods used for demonstration purpose to customer can be availed as input tax credit on capital goods and set off against output tax payable under GST Explanation by CA Satbir Singh AUTHORITY FOR ADVANCE RULINGS, KERALA A.M. Motors., In re… Read More »

GST Practitioners Exam Registration Date extended to 15th October 2018

By | October 10, 2018

Ministry of Finance Examination for Confirmation of Enrollment of GST Practitioners; Last date of registration now extended up to 15th October 2018 The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) is conducting an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) enrolled on the GST Network under sub-rule (2)… Read More »

Separate GST registration limit for each co-owners of property : AAR

By | October 9, 2018

GST registration limit in case of Joint owners of property The small business exemption, provided under section 22 is eligible to the co-owners separately in the case of jointly owned property, where rent is collected together, but divided equally and transferred to the respective co-owner. Engaging a co-owner to collect and distribute rent among all… Read More »

Annual GST return require additional details from taxpayers 

By | October 9, 2018

Annual GST return require additional details from taxpayers The Government, on September 4, 2018, notified the format for filing annual return for both regular dealers (GSTR-9) and composition dealers (GSTR-9A). Refer GSTR 9 of Annual Return Notified : Download /Print [Video] GST Annual Return GSTR 9 Notified : जीएसटी वार्षिक रिटर्न : GST News 470… Read More »

Circular No 68/42/2018 GST : Refund of Compensation Cess to UN Entities

By | October 5, 2018

Circular No 68/42/2018 GST Notifications issued under CGST Act, 2017 applicable to Goods and Services Tax (Compensation to States) Act, 2017 Video lecture by CA Satbir Singh explaining the provisions of Circular No 68/42/2018 GST Read Circular No 68/42/2018 GST F. No. 354/360/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit Room… Read More »

Changes in E-Way Bill System from 1st October 2018

By | October 1, 2018

Changes in E-Way Bill System from 1st October 2018 Enhancements in E-Way Bill System from 1st October 2018″ Enhancements in Bulk E-Waybill generation from 1st October 2018, check for new updates in Bulk Generation Tools link Video Lecture by CA Satbir Singh explaining Eway Bill System Change from 1st oct 2018 e-Way Bill System Note… Read More »

How to get GST TDS Refund

By | September 30, 2018

How to get GST TDS Refund GST Law also mandates Tax Deduction at Source (TDS) vide Section 51 of the CGST/SGST Act 2017, Section 20 of the IGST Act, 2017 and Section 21 of the UTGST Act, 2017. GST Council in its 28th meeting held on 21.07.2018 recommended the introduction of TDS from 01.10.2018. [ Refer Notification… Read More »

GSTR 7A : GST TDS Certificate : FAQs and User Manual

By | September 29, 2018

GSTR 7A FAQs and User Manual Video Lecture on GST TDS Certificate in Hindi by CA Satbir Singh FAQs > GSTR-7A 1. What is Form GSTR-7A? Form GSTR-7A is a system generated TDS Certificate which is generated once deductor furnishes a return in Form GSTR-7 on the GST Portal and the deductee accepts the details uploaded… Read More »

MSME loans up to Rs. 1 crore within 59 minutes on psbloansin59minutes.com

By | September 26, 2018

Business loans up to Rs. 1 crore within 59 minutes The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley launched here on 25.09.2018 a web portal www.psbloansin59minutes.com , a transformative initiative in MSME credit space, which will enable in principle approval for MSME loans up to Rs. 1 crore within 59 minutes from… Read More »

GST Practitioner Exam Helpdesk Number

By | September 25, 2018

GST Practitioner Exam Registration GST Practitioner Exam Helpdesk Number Technical Queries (Login, Photo/ Signature Upload, Payment etc) Phone No. 022-6250 7718 (Timing 10:00 AM to 05:00 PM Monday to Saturday) E-Mail nacinsep18@onlineregistrationform.org Eligibility Queries Phone No. 0129-2504612 (Timing 10:00 AM to 05:00 PM Monday to Friday, on working days and hours only) E-Mail gstp.nacin@gmail.com GSTP… Read More »

GST Exam MCQ Part 5

By | September 24, 2018

GST Exam MCQ Part 5 (Multiple Choice Questions) Q: Time of supply of goods under CGST Act 2017 is  A)  Last date on which supplier is required to issue  invoice B) Date of issue of invoice C) Date on which the supplier receives the payment D) Earlier of (A), (B) and (C) Answer :  D) Earlier of (A),… Read More »