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Ganeshan

Latest Posts by Ganeshan

E-Invoicing compliance – A brief note

August 3, 2023 4473 Views 1 comment Print

Elevate your understanding of E-Invoicing compliance with this concise note. Delve into Rule 48 of CGST Rules, covering the issuance of invoices and recent amendments. Uncover the specific conditions for generating an Invoice Reference Number (IRN) and its significance. Stay informed about the evolving thresholds and effective dates for E-Invoicing compliance. Explore key details on QR codes, applicability, modes of generation, and cancellation procedures. Stay ahead in the realm of GST compliance.

Conditions for Charging GST on Credit Notes: Unveiling Section 34 of CGST Act

May 22, 2023 30372 Views 1 comment Print

Unlock the conditions for charging GST on credit notes as per Section 34 of the CGST Act. Understand the eligibility criteria and time limits for issuing credit notes in the GST framework.

GST Law amended multiple times

November 8, 2022 1593 Views 0 comment Print

Stay updated on the ever-evolving GST Law. Explore the latest amendments and changes in the GST Act, Rules, and Notifications.

Burning issues in GST Input Tax Credit (ITC)

December 4, 2021 13044 Views 1 comment Print

Respected, Speaker Mr. CA Bimal Jain Sir has deliberated on topic “Burning issues in GST ITC” in Webinar conducted by “Tax Experts’ Pan India and Tax Kerala (Malayalam Business Magazine)” on 23.11.2021. Based on the issues discussed on topic I have prepared a detailed Note as given below. I have taken consent of Mr. Bimal […]

Input Tax Credit (ITC) : A question of concern to taxpayer

March 23, 2021 23400 Views 3 comments Print

The Input Tax Credit (ITC) is a privilege given to the taxpayer by the Govt. The taxpayer is thankful for it but the condition put forward (by the Govt.) for enjoying it is not simple. The taxpayer has to ask himself a lot of questions as to whether he should claim ITC as per his […]

ITC under GST- Conditions, Eligibility, Eligible / Ineligible ITC

May 8, 2020 150531 Views 1 comment Print

Article explains Meaning of ‘Input Tax & Input Tax Credit under GST, Eligibility of Input Tax Credit (ITC) under GST, Documents/Conditions for taking ITC, List of Eligible ITC under GST, Zero-rated / Exports, List of Ineligible ITC under GST, Claim of ITC as self-assessed, Matching of ITC, Furnishing of ITC, both eligible and ineligible and […]

How to fill up Point No. 14 of Part IV of GSTR-9C- Reconciliation of ITC

June 20, 2019 19545 Views 1 comment Print

Point No.14 of Part IV of GSTR-9C provides for reconciliation of ITC declared in Annual Return (GSTR-9) with ITC availed on expenses as per audited Annual Financial Statement or books of account. The total ITC availed during the year has to be bifurcated on the basis of heads like purchases, freight/carriage, power and fuel, imported […]

Input tax credit under GST on construction services of revenue nature

February 10, 2019 10767 Views 0 comment Print

Section 17 of Central Goods and Services Act, 2017, provides for apportionment of credit and blocked credits. Explanation to clause (c) and (d) of sub-section 5 of said section 17, states as the expression “construction” includes re-construction, renovation, additions or alterations or repairs, to the extent of capitalization, to the said immovable property. Clause (c) […]

Compliance of filing of return under Goods and Service Tax (GST)

March 4, 2017 8589 Views 1 comment Print

The compliance of filing of return under GST is going to be a challenging task. Every registered taxable person, interstate supplier, TDS deductor, Input Service Distributor, non-resident taxable person is liable to file their returns under GST.

Itemwise MVAT Rate Chart W.E.F. 17.09.2016

September 20, 2016 180415 Views 5 comments Print

The Value Added Tax Rate in Maharashtra for the goods falling under Schedule C, except declared goods was increased from 5% to 5.50% with effect from 01.04.2016 vide Notification No. VAT. 1516/CR-31/Taxation 1 dated 30.03.2016 & Trade Circular Trade Circular No.9T of 2016 dated 22.04.2016.

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