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FM Announcements: 24th March 2020


Fake Notification being circulated on social media about GST date extension.


GST Council 39th Meeting - Press Release 14th March 2020


Clarification by CBIC on whether interest to be charged on Gross Tax Liability or Net Tax Liability?


Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) in certain cases


Budget 2020 : Highlights


Due date of GSTR-9 and GSTR-9C for FY 2017-18 - Extension




Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner


Tax Audit due date extension AY 2019-20


GST Council 37th Meeting Update


Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs


Fake Input and refund of IGST on exports - crackdown by DGGI and DRI


GST Council may Scrap GSTR-9 and GSTR-9C for FY 17-18 for small taxpayers upto 5 crore turnover


Changes in 36th GST Council Meeting held on 27th July 2019


CMP-08 due date for quarter April 2019 to June 2019 extended till 31st July 2019


Press Release restricting the last date for availing ITC for FY 2017-18 is illegal : Gujarat High Court


Budget 2019 Highlights - 05 July 2019


Transfer of GST amount from one head to other head (Form GST PMT - 09)


DGGST arrests one person for availing and passing fake ITC of Rs.16 Crore.

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GST Input Output Set-Off Calculator
GST Output Liability on Sales Output Liability under Reverse Charge Total Input Available
other than mentioned in
Eligible for input credit
(E.g. Rent)
Not Eligible for input credit
(E.g. Food)
(1) (2) (3) (4)
GST Output Liability on Sales Input Set-off Balance Output Liability to be paid in cash
(A) (B) (C) (D) E
IGST 0 0 1 0 6 0 7 0
CGST 0 0 2 0 4 0
SGST 0 0 3 0 5 0
TOTAL 0 0 0 0 0

Note: Step 2 & 3 can be interchanged according to taxpayer's choice as per Rule 88A. However we have taken step 2 first for the sake of convenience only.

GST Output Liability on Sales
(after set-off as above)
Output Liability
(under Reverse Charge)
Total Payment Due
(A) (B) (C= A+B)
IGST 0 0 0
CGST 0 0 0
SGST 0 0 0
TOTAL 0 0 0