"I’m a Chartered Accountant working in-house in the corporate tax function with a specific focus on GST. I help ensure the company’s GST posture is compliant, efficient and integrated with finance operations. Core responsibilities includes: End-to-end GST compliances ITC and Reconciliation Controls and Automation Notices and coordination Stakeholder enablement I advise on GST optimisation, input tax-credit strategy, litigation avoidance, and embedding tax-first thinking in finance transformation. My approach balances control and compliance with business agility, delivering transparent reporting that both management and regulators can rely on. I believe in continuous learning and exchanging ideas. If you’re interested in discussions around GST, finance transformation or corporate compliance, do connect with me. "
Explains why liquidated damages are generally not subject to GST unless linked to a supply. Highlights the importance of distinguishing compensation from consideration.
Analysis of the concerning trend of State GST officers advising retroactive ITC reversals using Circular 170, creating GSTR-3B mismatches and compliance burden.
Critical update on GSTR-9 Table 8A auto-population logic for FY 2024-25. Data now relies on GSTR-2B and the document date, impacting Table 8C reconciliation.
The GST law lacks a mandatory reconciliation rule for GSTR-6A, creating friction for taxpayers and departments. A legislative fix is needed to align ISD compliance with GSTR-2B practices.
Summary: “Rule 54(1A) of the CGST Act permits a normal GSTIN to issue invoices to an Input Service Distributor (ISD) within the same State or Union Territory under the same PAN to transfer eligible common input service credits. This mechanism facilitates the distribution of common ITC, including credits from both Reverse Charge Mechanism (RCM) and Forward […]
Understanding Ind AS 116 is crucial for GST professionals. This accounting standard’s impact on lease asset recognition can lead to GST audit challenges.
