GST

Newsflash - Applicability of GST on Payments made to Directors

13 May 2020

Under the GST laws, there is no clarity on the applicability of GST on payments made by companies to its directors. Many taxpayers have based on their interpretation taken a conscious stand on levy of GST on director related payments.

White Paper - Analysis of GST Implications on Real Estate Sector in India

13 May 2020

Taxability of Construction activity under indirect taxes has always been challenging and prone to litigation.

White Paper - An Analysis of GST Implication on infrastructure Sector in India

22 April 2020

As you may be aware that the infrastructure sector is considered as one of the most focused area of the government. It is considered as the backbone of the Indian economy. The government of India has projected an investment of Rs. 100 Lakh Crores in the infrastructure sector over next 5 years which is also expected to revive growth and employment.

White Paper on GST Implications for FMCG Industry

15 April 2020

The FMCG sector has been one of the engines of growth in India and is poised to become the fourth largest sector in the Indian economy. Also, the FMCG industry is one of the most regulated industry and there are various regulations and food safety and product safety standards that are applicable to it.

Newsflash on Notified Relief Measures under GST due to Covid-19

8 April 2020

The Government has issued various notifications, giving effect to relief measures recommended by Ministry of Finance vide Press Release dated 24th March 2020 in response to spread of COVID-19. The highlights as under:

12 March 2020

SOP to be followed by Exporters Standard Operating Procedures (SOP) for exporters are designed to mitigate fraudulent cases of availing refund of Integrated Goods and Services Tax (IGST) paid through ineligible Input Tax Credit (ITC) which are claimed on the basis of fake invoices.

Highlights of 37th GST Council meeting

15 December 2019

The 37th GST Council meeting was held on 20th September 2019 to address some crucial issues and provide their recommendations. Following are key highlights of the GST Council Meeting:

GST-Introduction to new return

15 December 2019

GST Council in its 31st meeting decided that a new GST return system will be introduced to facilitate taxpayers from October 2019 onwards. The GST Council has issued a Press Release on 11 June 2019 regarding the same. We have attached the press release for your reference. The gist of Press release is as follows:-

Outcome of 35th GST Council's Meeting

15 December 2019

The 35th GST Council meeting was held on 21 June 2019 at New Delhi to address some crucial issues and provide their recommendations. Following are key highlights of the GST Council Meeting :

36th GST Council meeting's outcome

15 December 2019

The 36th GST Council meeting was held on 27 July 2019 to decide GST rate on certain goods/services and also changes in certain due dates. Following are some key recommendation made by Council-

Clarification on doubts related to supply of Information Technology enabled services

15 December 2019

Clarification issued by the Central Board of Indirect Taxes and Customs (CBIC) regarding to doubts related to supply of Information Technology enabled services.

Maharashtra Amnesty Scheme - 2019

15 December 2019

Government of Maharashtra has passed an Ordinance to provide for settlement of arrears under various Acts which were in existence during pre- GST regime. Salient features of the same are mentioned below:

Clarification in respect of goods sent outside India for Exhibition

15 December 2019

Newsflash in respect of clarification issued by the Central Board of Indirect Taxes and Customs (CBIC) wherein procedure to be followed in respect of goods sent/ taken out of India for exhibition or on consignment basis for export promotion has been clarified. The major points covered in the clarification issued are as follows:

Key Highlights of Rajasthan State Budget 2019-20

15 December 2019

Highlights of Additional Budget of Rajasthan State presented by Finance Minister, Shri. Ashok Gehlot on 10 July 2019. Some of the main highlights are as under :- Commercial Taxes: To give relief to dealers in pending demands, following new provisions are added through amendments in Rajasthan GST Act:

Clarification on Annual Returns (GSTR 9) and Reconciliation Statement (GSTR 9C)

15 December 2019

Newsflash on the press release issued by the Central Board of Indirect Taxes and Customs, wherein certain issues being faced by the taxpayers regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) have been clarified in view of numerous representations made.

Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019

15 December 2019

As a move towards expeditious disposal of cases under erstwhile indirect tax laws, a dispute resolution cum amnesty scheme called “Sabka Vishwas Legacy Dispute Resolution Scheme, 2019” has been introduced. The proposed Scheme shall cover past disputes of taxes which have got subsumed in GST namely Central Excise, Service Tax and Cesses etc.

Key Recommendations of 31st GST Council Meeting

14 December 2019

The Central Board of Indirect Taxes and Customs issued a press release, wherein certain issues being faced by the taxpayers regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) have been clarified in view of numerous representations made.

White Paper - Analysis of GST on Construction of Roads and Highways

5 September 2018

We are pleased to release for your kind reference the White Paper developed by our indirect taxes practise on “Analysis of GST on Construction of Roads and Highways.”

Goods and Services Tax advisory and compliance

13 August 2018

In July 2017 Goods and Services Tax (GST) replaced a plethora of indirect taxes such as excise duty, VAT, service tax, central sales tax, countervailing duty (CVD) and octroi duty. GST has far-reaching impacts for virtually every business in terms of tax rates, overall tax incidence, input credits, distribution system, prices and costs.

White Paper - GST Impact on Non-banking Finance Companies

16 July 2018

Non-Banking Finance Companies (NBFCs) are companies which are, as per RBI guidelines, allowed to lend money but cannot accept deposits from the public. NBFCs are subject to several guidelines issued by the Reserve Bank of India and are a highly regulated industry.

Our services

Our industry

GST

Newsflash - Applicability of GST on Payments made to Directors

White Paper - Analysis of GST Implications on Real Estate Sector in India

White Paper - An Analysis of GST Implication on infrastructure Sector in India

White Paper on GST Implications for FMCG Industry

Newsflash on Notified Relief Measures under GST due to Covid-19

GST

Highlights of 37th GST Council meeting

GST-Introduction to new return

Outcome of 35th GST Council's Meeting

36th GST Council meeting's outcome

Clarification on doubts related to supply of Information Technology enabled services

Maharashtra Amnesty Scheme - 2019

Clarification in respect of goods sent outside India for Exhibition

Key Highlights of Rajasthan State Budget 2019-20

Clarification on Annual Returns (GSTR 9) and Reconciliation Statement (GSTR 9C)

Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019

Key Recommendations of 31st GST Council Meeting

White Paper - Analysis of GST on Construction of Roads and Highways

Goods and Services Tax advisory and compliance

White Paper - GST Impact on Non-banking Finance Companies

Newsflash: GST - Anti-profiteering measure by Government of India

Newsflash - GST: Extension of due date for filing GST Returns for July and August 2017

Newsflash – Amendment in GST Rates

Clarification regarding availability of Transitional credit in relation to GST - RSM India Newsflash

GST - THE JOURNEY BEGINS - Updated 7 July 2017

Tally Solutions partners with RSM India for GST Ready ERP Software

The Dawn of GST Era – Updated 3 June 2017

Our services

Our industry

You are here

GST