Assessment Procedures under GST

Post author:admin
Post published:April 5, 2022
Post category:GST
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A simple meaning of assessment is “determine to accurate tax liability”, so in every law it is common meaning of assessment to find out liability. In GST Law main object of assessment procedures are to…

Eway Bill Limit Exceed to 2 lakhs for Rajasthan

Post author:Shivani Jain
Post published:April 3, 2022
Post category:EWAY Bill GST
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Government of Rajasthan vide Notification No. F.17(131-Pt-II)ACCT/GST/2017/7713 dated 24th March 2022 has extended the limit for Eway Bill generation to Rs. 2 Lakhs. This amendment will be effective from 01.04.2022. Major points of Notification: Limit…

Concessional Rate on Intra State Supply of Bricks

Post author:WhyTax
Post published:April 1, 2022
Post category:GST
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As per Notification No. 02/2022-Central Tax (Rate) dated 31.03.2022, Ministry of Finance seeks to provide for a concessional rate on intra state supply of items as mentioned in table below. This notification shall come into…

Increase in GST Rate on Bricks from 5% to 12%

Post author:WhyTax
Post published:March 31, 2022
Post category:GST
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As per Notification No. 01/2022- Central Tax (Rate) dated 31.03.2022, Ministry of Finance increase the rate of GST on Bricks and Earthen or roofing tiles from 5% to 12% w.e.f. 01.04.2022. Following is the table…

Rule 59(2) of CGST Rules 2017

Post author:WhyTax
Post published:March 24, 2022
Post category:GST
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As per Notification No. 82/2020–Central Tax dated 10th November, 2020 amended Rule 59 of CGST Rules 2017. Rule 59(2) is applicable on the registered persons who are required to furnish return of outward supplies of…

Intimation of Voluntary Payment- DRC 03

Post author:WhyTax
Post published:March 23, 2022
Post category:GST
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DRC-03 is a form law that can be filed for voluntary tax payments towards demand or tax shortfall noticed later on after the time limit to file returns of a financial year expires. This form…

Letter of Undertaking (LUT) under GST- RFD 11

Post author:Shivani Jain
Post published:March 21, 2022
Post category:GST
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What is LUT: It is a document that exporters can file to export goods or services without having to pay taxes. Form Required to file LUT: LUT shall file in form RFD-11 available on GST…

GSTR- 2B

Post author:WhyTax
Post published:March 19, 2022
Post category:GST
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GSTR 2B is a new GST form which will be compulsory for all taxpayers registered under the Goods and Services Tax (GST). This article explains how GSTR 2B works in Gst portal, What all details…