Desk of CA. Praveen Sharma
CA. Praveen Sharma (Corporate Trainer)
Chartered Accountant II Taxation Expert II GST MITRA II Speaker II Trainer II Author II Content Creator II Virtual CFO II Research Analyst II Personal Branding Coach II Co-Founder Tax4Wealth ll 91-9871530610
Desk of CA. Praveen Sharma
Series- 427
GST Updates
1- Automated returns scrutiny set to roll out. AI, data analytics to curb tax evasion.
2- 18% GST Payable On The Commission If Commission Is Deducted On The Bonus Amount As An Intermediary: Telangana AAR.
3- Businesses with turnover of over Rs 5 crore will have to generate electronic or e-invoice for B2B transactions with effect from August.
4- 25% of fake billing in Aadhaar-GST scam was done in Gujarat.
5- To opt for paying Goods and Services Tax (GST) under forward charge basis at the rate of 12 per cent (with input tax credit) and 5 per cent (without ITC benefits) in a fiscal, a Goods Transport Agency (GTA) has to fill a form (Annexure V) by March 15 of the preceding financial year. This deadline extended till May 31.
CA. Praveen Sharma
Twitter: https://twitter.com/capraveensh