E-way Bill Generation Post The Introduction Of E-invoicing
The introduction of E-Invoicing has created a lot of confusion for the taxpayers as to the procedure & portal to be used for generating e-way bills for those invoices for which a unique IRN has been generated. E-way bills can now be generated from the e-invoicing portal itself, the detailed procedure to be followed for […]
Quarterly Return Monthly Payment Scheme (QRMPS) under GST
A. Eligibility for the SchemeIn terms of notification No. 84/2020- Central Tax, dated 10.11.2020, a registered person who is required to furnish a return in FORM GSTR-3B, and who has an aggregate turnover of up to 5 crore rupees in the preceding financial year, is eligible for the QRMP Scheme. B. Exercising option for QRMP […]
Is a Trust carrying out “charitable activities” liable to GST registration?
A very common question these days being debated is- Whether a charitable trust registered under section 12AA of the Income Tax Act,1961 as well as under section 80G of the Income Tax Act required to obtain a GST registration? Charitable activities are defined in Notification No 12/2017 – Central Tax (Rates) as below: Charitable activities” means […]
Clarifying difficulties faced in preparing Job-Work challans and related E-Way Bills in GST
What is Job work? Section 2(68) of the CGST Act, 2017 defines job work as ‘any treatment or process undertaken by a person on goods belonging to another registered person’. The one who does the said job would be termed as ‘job worker’. The ownership of the goods does not transfer to the job worker […]