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Gaurav Arya

Latest Posts by Gaurav Arya

GST – Pain Points

May 17, 2022 16521 Views 2 comments Print

Decoding GST Pain Points: A deep dive into the challenges faced by businesses in GST implementation. From stringent time-limits to refund hurdles, discover the complexities hindering smooth operations. Explore issues with GST raids, returns, litigation, registration, and accountability. A comprehensive analysis urging reforms for a more business-friendly GST environment.

GST on Individual Advocates including Senior Advocates & Firm of Advocates

July 3, 2021 759678 Views 48 comments Print

Advocates has privilege of not to pay GST on their output supply, while the taxes on their supplies has to be paid by recipient under Reverse Charge Mechanism (RCM). In this write up, I made a try to answer the questions related to GST on Advocate Services.

GST Must be on Track

July 2, 2021 1671 Views 0 comment Print

GST was implemented with two major objectives – To remove the cascading effect and have seamless flow of credit in indirect taxes. In Pre-GST era, indirect taxes were suffering from tax on tax and weak chain of credit. To overcome all these hurdles and bring the indirect taxes into true spirits – GST was introduced […]

Budget Expectations – 2021

January 25, 2021 5337 Views 0 comment Print

1. Corona pandemic played havoc with businesses. A one-time relief scheme in tax compliances specially in GST Compliance’s basically in form of late fee waiver will help business houses to come on track without any more hassles. 2. Relief packages to distress sectors like tourism, hospitality, airlines in form tax exemptions, cash incentive on basis […]

GST Registration | Section 22 to 28 | CGST Act & Rules

August 4, 2020 27234 Views 2 comments Print

Welcome into the world of GST GST registration is covered by Section 22 to 28 of Central Goods and Services Tax Act 2017 and CGST Rules Related to Registration. Article explains deals with Who is liable to get GST registration, Who doesn’t require GST registration,  Mandatory GST Registration,  Procedure for GST Registration, Deemed GST Registration, […]

Exporters Bonanza – SEIS

July 20, 2020 3465 Views 0 comment Print

Exporters Bonanza If you are exporting the services, your net profit can be increased by 5% to 7% because Indian government is giving incentive on service exports? There is a scheme Service Export from India Scheme (SEIS) in Foreign Trade Policy 2015-20 where Government of India has notified various eligible services, rates & conditions for […]

Remission of Duties and Taxes on Exported Products (RoDTEP)

July 17, 2020 1683 Views 0 comment Print

The big question now a days is whether the export incentives are going to be scrapped? India lost the case against United States of America (USA) in World Trade Organisation (WTO). USA alleged that India is violating the provisions of Subsidies and Countervailing Measurers Agreement (SCM) by giving export rewards to its exporters in form […]

Meditation Magic – My Experience with Meditation

July 12, 2020 3207 Views 0 comment Print

Meditation is a magic. It makes terrific changes in anybody. Meditators achieve everything which they desired in life. Not even its benefit limited to them, it creates such an aura that all connected persons get benefited. It is a motivation to do good for others. It helps them in evolve. Being a meditation practitioner, I […]

My 3 years with GST

July 5, 2020 5208 Views 0 comment Print

Concept of GST was proposed by Atal Bihari Vajpayee government in 2000, but it took nearly 17 years for GST to come into existence. Major task to bring constitutional amendment and put majority of states on one table was easy for the lawyer turned Finance Minister Arun Jaitely and team of his experienced bureaucrats. Further […]

GST Refunds for Exporter of Services – 7 Controversies

June 15, 2020 60930 Views 8 comments Print

In this article I will discuss – 7 controversies in GST refund for exporters of services. These are elaborated as below: – 1. Forex Receipt – FIRC / BRC In case of service exporters, GST refunds are available on the basis of receipt of convertible foreign exchange. And to evident the payment against export invoices, […]

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June 2024