"I have passed my Chartered Accountancy course in November 2016. I have conducted various audits across trading, wholesale, manufacturing, hospitals, and other businesses and industries. I have also been part of a team conducting concurrent audits of Indian Overseas Bank, Bank of Baroda and Statutory Audit of Allahabad Bank and State Bank of India, and revenue audit and stock audit. I have been part of Statutory Branch Auditor of State Bank of India for 3 years and Canara Bank for 4 years. Presently practicing under my Proprietorship name Manu Tayal And Company advising clients across diverse sectors for optimization of tax exposure in the field of GST from last 5 years and regularly handling GST Departmental Assessments, GST Risky Exporter, GST Surveys, DGGI Search & Seizure, GST/VAT Departmental Audits involving amount running in crores and also appeared many times before Departmental Authorities and various Appellate Forums."
♠ As per Section 16(1) of CGST Act 2017, Every registered taxable person shall, subject to such conditions and restrictions as may be prescribed and within the time and manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services to him which are used […]
GST SET OFF RULES WEF 01.02.2019. As per CGST Amendment Act 2018, the set off rules has been changed the updated rules are presented with examples as follows: Section 49(2), 5(c), 5(d) Amended proviso 5(c) “Provided that the input tax credit on account of State tax shall be utilised towards payment of integrated tax only where […]
Educational Institutions Under GST As per Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017, Educational Institution means an institution providing services by way of: 1. Pre-school education and education up to higher secondary school or equivalent; 2. Education as a part of a curriculum for obtaining a qualification recognised by any law for the time being in force; […]
To facilitate filing of Form GST TRAN-1 to the taxpayers who had managed to submit the same within prescribed due date but couldn’t file due to technical issues, GSTN has enabled the filing option to such taxpayers at the common portal.
Reverse Charge as defined in Section 2(98) of CGST Act, 2017 which says that the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both.
