Category: GST Law

Major Changes in GST effective from 01.02.2019

Fol­low­ing Amend­ments would take effect under GST from 1st Feb 2019. Upper lim­it of turnover for opt­ing com­po­si­tion scheme shall be raised from Rs. 1 Cr to Rs. 1.50 Cr. A Com­pos­ite dealer(in goods) shall be allowed to sup­ply ser­vices…

GST Audit Form (Form GSTR-9C)

GSTR 9C See rule 80(3) PART – A — Rec­on­cil­i­a­tion State­ment Pt. I Basic Details 1 Finan­cial Year   2 GSTIN   3A Legal Name <  Auto > GSTR 3B Trade Name (if any) < Auto > 4 Are you…

Form GSTR-9A

  FORM GSTR-9A (See rule 80) Annu­al Return (For Com­po­si­tion Tax­pay­er) Pt. I Basic Details 1 Finan­cial Year   2 GSTIN   3A Legal Name <Auto> 3B Trade Name (if any) <Auto>   Peri­od of com­po­si­tion scheme dur­ing the year…

Applicability of GST Audit

Rule 80(3) of CGST Rules uses the expres­sion “every reg­is­tered per­son whose aggre­gate turnover dur­ing a finan­cial year exceeds two crore rupees”. So GST Audit is Applic­a­ble for every Reg­is­tered per­son, whether or not the per­son is hav­ing any Tax­able…

Legal Provision of GST Audit

There are Two impor­tant pro­vi­sions which are rel­e­vant and impor­tant in this con­text are Sec­tion 35(5) and Sec­tion 44(2) of the CGST Act. In terms of Sec­tion 35(5) of CGST Act “every reg­is­tered per­son whose turnover dur­ing a finan­cial year…

Cancellation of GST Registration

As per Sec­tion 29 of CGST Act 2017 The prop­er offi­cer may, either on his own motion or on an appli­ca­tion filed by the reg­is­tered per­son or by his legal heirs, in case of death of such per­son, can­cel the…