Annual Return in GST Regime

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Electronic Cash Ledger is a Cash Ledger in electronic mode on GST Portal that contains the amount of Goods and Service Tax deposited by Tax Payer in cash or any electronic mode. Electronic cash ledger is segregated in Major Head and Minor Head. Major Head is divided in IGST (Integrated Goods and Service Tax), CGST (Central Goods and Service Tax), SGST (State

Introduction Based on the recommendations of the 28th GST Council Meeting held recently, the Board has issued the Notification bearing No. 20/2018 dt 26th July 2018 to give effect to refund the unutilized input tax credit (ITC) on account of inverted tax structure on textile products from 01.08.2018 for certain commodities, but all the inward supplies received upto the 31st day of July 2018, shall lapse, after payment of tax for and

The definition of “capital goods” under Section 2 (19) of CGST Act means goods, the value of which is capitalized in the books of account of the person claiming the input tax credit and which are used or intended to be used in the course or furtherance of business. Input Tax Credit (ITC) plays the significant role in calculating and claiming the taxes under the ambit of Goods and Services Tax

Downloading the FORM GST ITC 04 Offline Utility is a one-time activity, however, it may
require an update in future if the Tool is updated at the GST Portal. Please check the version
of the offline utility used by you with the one available for download on the GST Portal at
regular intervals.
To download and install the FORM GST ITC-04 Offline

One of the many disputes that have continued to exist in the present regime of taxation of sale of goods
are the disputes pertaining to determination of the nature of transaction as inter-State sale subject to Central
Sales Tax or local sale subject to VAT. Such disputes especially arise when assessee in a State sells goods to a
buyer located in a different State.

The GSTR 9 is an annual return form to be filed by the regular taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the year. Here, SAG Infotech briefs all the details and rules and regulations for GSTR 9 online filing along with step-by-step compliance procedure.

Get to know all the related information of GST return 9 annual filing procedure, format, eligibility &

A. Gist of Notifications dated September 4th, 2018 issued under Central Goods & Services Tax Act, 2017-

CBIC issued Notification No. Notification No. 39/2018 – Central Tax to Notification No. 42/2018 – Central Tax and notified Annual GST Return 9 for all eligible Taxpayers and 9A for Composition Dealers. In addition to that it extended due date for filing of ITC-04, Waived Late Fees for GSTR-3B,

How can I make payment against the liability (tax, interest, penalty and others) based on self-ascertainment of tax before issuance of SCN or within 30 days of SCN under determination of tax?
To make payment against the liability (tax, interest & penalty) based on self-ascertainment of tax before issuance of SCN or within 30 days of SCN under determination of tax, perform following steps:

1. Access the www.gst.gov.in URL.

Q 1. What is Goods and Services Tax
(GST)?
Ans. It is a destination based tax on consumption of goods
and services. It is proposed to be levied at all stages right
from manufacture up to final consumption with credit of
taxes paid at previous stages available as setoff. In a
nutshell, only value addition

Q 1. Where is the power to levy GST derived from?
Ans. Article 246A of the Constitution, which was
introduced by the Constitution (101st Amendment) Act,
2016 confers concurrent powers to both, Parliament and
State Legislatures to make laws with respect to GST i. e.
central tax (CGST) and state tax (SGST) or union territory

Q 1. What are the Payments to be made in GST
regime?
Ans. In the GST regime, for any intra-state supply, taxes to
be paid are the Central GST (CGST), going into the account
of the Central Government) and the State/UT GST (SGST,
going into the account of the concerned State Government).
For any

Q 1. What is Electronic Commerce?
Ans. Electronic Commerce has been defined to mean the
supply o f goods or services or both, including digital
products over digital or electronic network.

Q 2. Who is an e-commerce operator?
Ans. Electronic Commerce Operator has been defined to
mean any person

Q 1. What is the purpose of returns?
Ans.
a) Mode for transfer of information to tax administration;
b) Compliance verification program of tax
administration;
c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;
d)

Q 1. What is refund?
Ans. Refund has been discussed in section 54 of the CGST/SGST Act.
“Refund” includes
(a) any balance amount in the electronic cash ledger so claimed in the returns,
(b) any unutilized input tax credit in respect of (i) zero rated supplies made without payment of tax or, (ii) where the credit has accumulated on account of rate

The Central Board of Indirect Taxes and Customs, vide notification no. 49/2018 – Central Tax dated 13th September, 2018, has provided the format of FORM GSTR – 9C.

As per section 35 (5) of the Central Goods and Service Tax Act, 2017, read with rule 80 (3) of the Central Goods and Service Tax Rules, 2017, FORM GSTR – 9C is required to be filed by every registered person whose aggregate turnover during a

Section 51 of the CGST Act 2017 provides for deduction of tax by the
Government Agencies (Deductor) or any other person to be notified in this
regard, from the payment made or credited to the supplier (Deductee) of taxable
goods or services or both, where the total value of such supply, under a contract,
exceeds two lakh and fifty thousand rupees.

Q 1. Whether any person aggrieved by any order or decision passed against him has the right to appeal?
Ans. Yes. Any person aggrieved by any order or decision passed under the GST Act(s) has the right to appeal under Section 107. It must be an order or decision passed by an “adjudicating authority”.
However, some decisions or orders (as provided for in
Section 121) are

Q 1. What is the meaning of Advance Ruling?
Ans. As per section 95 of CGST/SGST Law and section 12 of UTGST law, ‘advance ruling’ means a decision provided by the authority or the Appellate Authority to an applicant on matters or on questions specified in section 97(2) or 100(1) of CGST/SGST Act as the case may be, in relation to the supply of goods and/or services proposed to be undertaken or being undertaken

Following are the enhancements done in the E-Way Bill generation Form:
1. Display of only relevant document types in the “Document Type” drop-down list based on the selected Transaction “Supply Type” and “Sub Type” by the taxpayers.
2. Auto-population of state name based on the pin code entered at consignor and consignee addresses.
3. Standard rates for the tax are