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Checklist to Examine Show Cause Notice

October 24, 2021 11103 Views 0 comment Print

In this article an attempt has been made to collate some of the best practices to examine Show Cause Notice. Illustrative list are as under:- 1. Show Cause Notice should be in writing (not oral). 2. Date of issue of Show Cause Notice should be clearly written in the SCN and kindly note the date of receiving the SCN, by which mode & whom received.

How Changes in GST Rate affect Your Business Process??

June 15, 2021 4161 Views 0 comment Print

The government has issued approx. 114 tax rate notification from 01/07/2017 from till now, this will just change for the government but this changes require taxpayer  to realigning their entire business process. I have identified here some important aspects to be checked by the taxpayer when there is amendment in the tax rate. 1. CORRECT […]

Legal Term: Ratio Decidendi, Obiter Dicta, Re-Judicata & Stare Decisis

May 26, 2021 64512 Views 1 comment Print

In the judicial context, it is the reason which is cited for arriving at a decision in a case. Such reason is not the law that is getting attracted in the contemporary case but is the necessary notion which helps the court arrive at a particular decision.

Can Second Hand Dealer Opt for GST Composition Scheme

December 3, 2020 8544 Views 4 comments Print

Normally Value of supply of goods or services or both shall be transaction value; however, in respect of second hand goods, a person dealing is such goods may be allowed (option) to pay tax on the margin i.e. the difference between the value at which the goods are supplied and the price at which the […]

Valid Modes of service of notice under GST

April 26, 2020 13191 Views 0 comment Print

SECTION 169 OF THE CGST ACT, 2017 1) Any decision, order, summons, notice or other communication under this Act or the rules made thereunder shall be served by any one of the following methods, namely: MODE-1:- PHYSICAL DELIVERY MODE a) By giving or tendering it directly or by a messenger including a courier √ To […]

Confusion of Rs. 750/- or Rs. 1500/- Under GTA in GST??

December 7, 2019 170808 Views 5 comments Print

Article clears Confusion related to Exemption from GST in following two circumstances- -Goods, where consideration charged for the transportation of goods ON A CONSIGNMENT TRANSPORTED IN A SINGLE CARRIAGE does not exceed Rs.1500/- -Goods, where consideration charged for transportation of ALL SUCH GOODS FOR A SINGLE CONSIGNEE does not exceed Rs.750/- Extract of Notification No. […]

AAR Briefing on “Storage Charges or Renting of Immovable Property”

December 1, 2019 3492 Views 0 comment Print

The Applicant is engaged in the business of distributing Rice, wheat, palm oil, Toor dal, and salt etc. under the Public Distribution System by the Government of Karnataka. The applicant stated that they are hiring a Godown of central warehousing corporation for consideration as storage charges and using for storage of commodities which comprise both exempt as well as taxable.

No ITC of CGST Paid in Other State

November 27, 2019 72678 Views 7 comments Print

Q. Whether the Input Tax Credit of Central Tax Paid in Haryana be Available to the Applicant who is Registered in Rajasthan State? In other words, ITC of the Central tax charged in Haryana is not available as in this case both the location of the supplier and the place of supply of the services are in the State of Haryana.

GST on Interest, Penalty, Delayed Charges Collected from Customer

September 8, 2019 138018 Views 15 comments Print

It is regular business practice to recover interest or some charges penal in nature for recovery of dues from the customer. This article covers GST implication on following type of transactions viz., a) Recovery of penal interest by NBFCs, Banks and other lenders from the borrower on account of default in payments of due instalments of loan.

GST AAR Brief on Activities of Association of Inner Wheel Clubs in India

December 21, 2018 1740 Views 0 comment Print

The Applicant is affiliated to International Inner Wheel, one of the largest women’s service voluntary organizations in the world, and the organization is involved in social welfare work with the aim of helping people live better lives.

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