Financial Services- GST Presentations and lectures for CAs, students and companies. CA S.
Vignesh is a Practicing Chartered Accountant, ICAI certified GST Trainer and Consultant. He has trained over 1000 CAs and CA students in GST throughout the country.
10/12/2021
Final Paper 8: ITL | Topic: Taxable event - Supply | Session 2 | 09 DEC, 2021 Please provide the feedback. A feedback form is given under the LCC section of ICAI BOS Mobile App. Link to download app from Google Play store – https://cut...
07/12/2021
Final Paper 8: ITL | Topic: GST in India – An Introduction Taxable event...| Session 2 | 07 DEC,2021 Please provide the feedback. A feedback form is given under the LCC section of ICAI BOS Mobile App. Link to download app from Google Play store – https://cut...
14/11/2017
Schedule of Classes for CA Final May, 2018. Students can also attend Customs and FTP in the current ongoing batch from December 1, 2017.
Some good decisions taken by the GST council today which include the resizing of the number of products under the 28% category.
It just makes all of us wonder as to why all of this was not done earlier. Positive change is good but adaptability to such change is of paramount importance. Let us wait and watch how the story unravels....
For folks attempting CA Final Group 2 in May 2018, the second batch for GST, Customs and FTP (Paper 8) would commence on December 20, 2017. The timings would be in the mornings from 6:30 AM to 9:15 AM. Classes would be held at Wizard Academy, Nallakunta. Please contact 9701399245 or 9989153434 to register!
Happy Learning!
18/10/2017
I have created a petition requesting the Government to waive off the late fee on GST filings till March 2018. Request everyone to sign the same and share it among your circles so that it reaches the Finance Minister of the country.
Help Vignesh Suresh get more signatures This petition is taking off! 🚀
17/10/2017
Classroom lectures for Indirect Taxes CA Final (May 2018) commence on October 23, 2017.
Summary of Recent Notifications issued by the Government:
1. The turnover limit for persons who wish to opt for the composition scheme has been increased to Rs. 1 crore
2. Service providers whose turnover is less than Rs. 20 lakhs annually are not exempt from registration if they make inter-state supply of goods or services. Please be aware that this benefit is given only to service providers and not to persons making inter-state supplies of goods
3. For small businesses having a turnover upto Rs. 1.5 crore, GSTR-1, 2 and 3 can now be filed on a quarterly basis. However, for the months from July to September, they have to be filed once a month. Additionally, tax has to be paid once a month and also GSTR-3B has to be filed once a month
4. The controversial Section 9(4) of CGST Act, 2017 and Section 5(4) of the IGST Act, 2017 (Payment of tax under reverse charge in case of payment to unregistered dealers) has now been suspended till 31-03-2018. This shall provide a huge relief to taxpayers grappling with working capital issues
Overall, it can be said that the Government has taken cognizance of the problems faced by the general public and has mitigated their problems to a great extent. However, it is very weird as to why these measures were not contained in the initial legislation itself rather than first imposing it on everyone and then rescinding it.
In all sincerity
CA S. Vignesh
Indirect Tax Classes (GST, Customs and FTP) for CA Final,( May 2018) commence on October 23, 2017 at Wizard Academy at Nallakunta, Hyderabad. Timings are 6:30 am to 9:15 am
Contact 9701399245 to register yourself for the classes.
Let us learn the law and score well in the subject!
GST Overview and Understanding:
Section 7 of the CGST Act, 2017 defines the term "Supply". The term Supply is very important in the context of the GST law as it denotes the taxable event, the point of chargeability.
For GST to be applicable, there has to be Supply and the said Supply must be taxable under the GST Act.
Let us look into the definition with greater detail in my next post.
Happy learning!
GSTR-1 for July, 2017 shall have to be filed by September 10th 2017. It is suggested that the taxpayers the returns by tomorrow so that last moment rush is avoided. After this return, the GSTR-2 shall have to be filed by September 25, 2017.
GSTR-2 will be the litmus test for all the taxpayers as the credit shall be available only if the GSTR-1 has been filed accurately by every taxpayer.