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Abhay Desai

Latest Posts by Abhay Desai

GST- Extension of Limitation for Issuing Order for FY 2018-19 & 2019-20: Certain Aspects

December 29, 2023 8712 Views 1 comment Print

Explore the latest GST extension for order issuance under CGST Act for FY 2018-19 & 2019-20. Understand exclusions, limitations, and legal implications. Stay informed.

GST Issues Surrounding GIDC Industrial Plots

May 4, 2023 12945 Views 0 comment Print

Several notices have been issued recently by the GST Authorities seeking to recover GST on the assignment of the leasehold rights by the occupiers of the industrial plots owned by GIDC. In the present article, we analyze the issues concerning (a) the levy of GST on such transactions and (b) the availability of the ITC if GST has been charged.

Decision of Singapore HC in Case of Herbalife International & Some Useful Lessons

March 11, 2023 3162 Views 1 comment Print

HC of Singapore rendered an interesting decision in case of Herbalife International Singapore Pte Ltd on the issue of valuation of goods supplied by Herbalife International to its members under direct selling business model.

Clarifications On Applicable GST Rates on Certain Goods

January 25, 2023 11262 Views 0 comment Print

Get clarifications on applicable GST rates for specific goods with insights from Circular No. 189/01/2023-GST. Learn about the classification of ‘Rab’ and its corresponding GST rate.

Draft Certificates For ITC Confirmation For FY 17-18 & 18-19

January 25, 2023 161562 Views 1 comment Print

Get clarity on Input Tax Credit (ITC) mismatch for FY 2017-18 & 2018-19 with Circular No. 183/15/2022-GST. Explore draft certificates for ITC confirmation, designed for both CA/CMA and vendors. Stay compliant and resolve discrepancies with the provided templates.

Renting of Residential Dwelling by Proprietor – Continuation of Exemption

January 24, 2023 4155 Views 1 comment Print

Clarification on GST for proprietors renting residential dwellings for personal use. Exemption extended to registered proprietors renting for their own residence, effective from 18.07.2022. GST not applicable to proprietors’ personal usage. Retrospective application allows refund claims for wrongly paid GST. Note The clarification doesnt explicitly cover registered partnership firms/companies renting for partners/directors residence, subject to reverse charge mechanism. Stay informed for accurate GST compliance.

Amendments in CGST Rules Pursuant to 48th GST Council Meeting

January 5, 2023 11616 Views 0 comment Print

Stay updated with the latest amendments in CGST Rules. Learn about the changes made at the 48th GST Council Meeting and their impact on registration procedures.

CBIC Circulars Pursuant To The 48th GST Council Meeting

January 4, 2023 2790 Views 0 comment Print

Stay updated on recent CBIC circulars post the 48th GST Council Meeting. Explore details on refund claims by unregistered persons, ITC availment for transportation services, limitation for issuance of SCN/order, treatment of no-claim bonus in insurance, e-invoicing exemptions, and the handling of dues under the Insolvency and Bankruptcy Code, 2016. Gain insights into crucial GST updates for compliance.

CBIC Circular on ITC Mismatch For FY 2017-18 & 2018-19 – Solving A Problem That May Not Exist

December 30, 2022 100053 Views 1 comment Print

The recent CBIC Circular No. 183/15/2022-GST dt. 27.12.2022 dealing with the issue of mismatch of the input tax credit (ITC) claim made in GSTR 3B with GSTR 2A for FY 2017-18 & FY 2018-19 demonstrates the same mindset as it seeks to do something which should not be done at all.

Demerger – GST Implications

December 16, 2022 19236 Views 1 comment Print

An issue may arise as to whether GST can be levied on the transfer of the undertaking by way of demerger. Sec. 11(1) of the CGST Act, 2017 grants exemption from tax to the services by way of transfer of a going concern, as a whole or an independent part thereof.

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