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Gaurav Agrawal

Latest Posts by Gaurav Agrawal

Highlights of amended provisions related to GST Tribunal (GSTAT)

March 25, 2023 2385 Views 0 comment Print

Get insights into the amended provisions related to the GST Tribunal (GSTAT). The Finance Bill 2023, passed by Lok Sabha on 24.03.2023, introduces changes in Section 109 of the CGST Act, 2017. Learn about the constitution of Tribunal Benches, their composition, jurisdiction, and powers. Highlights include the establishment of Principal and State Benches, their composition, and the distribution of business. Understand the jurisdiction of benches, the role of single and double benches, and the power to transfer technical members.

Budget-2023 for achieving Economic Growth on digital Infrastructure

February 2, 2023 927 Views 0 comment Print

Finance Minister Nirmala Sitharaman announced Budget-2023 for driving Economic Growth on digital Infrastructure. Check out this blog post for more information about the schemes!

No extension of time for raising service invoice-hardship with service industry

April 8, 2020 7182 Views 0 comment Print

On 24.03.2020, the Government of India has issued order No. 40-3/2020-DM-1(A) where under strong measures have been enforced to prevent the spread of COVID-19 and a nationwide lockdown has been declared for a period of 21 days w.e.f. 25.03.2020. The entire country is under sudden lockdown from 25.03.2020 except for essential services/goods, office are not […]

GST returns filing due date chart during Covid-19

April 6, 2020 3588 Views 0 comment Print

Articles presents GST Returns filing date chart for the period Feb 2020 to May 2020 for Taxpayers having an aggregate turnover of more than rupees 5 crores in the preceding Financial year, Taxpayers having an aggregate turnover of more than rupees 1.5 crores and up to 5 crores in the preceding FY and Taxpayers having […]

Invoicing under GST: Comparative chart

June 22, 2017 9135 Views 0 comment Print

W.e.f. 01.07.2017 GST will come into force and all the invoicing for supply of goods/Services/Dr Note/Cr Note/Advance/RCM will be as per the new invoicing rules given under GST laws.

Under new GST law whether developers selling under constructed property are eligible for Input Tax Credit?

June 11, 2017 5895 Views 0 comment Print

GST laws don’t permit ITC of input services to the Real Estate Developers However schedule of GST rates for services allows full ITC. There is contradiction in the law itself

Summary of conditions for availing ITC under GST

June 8, 2017 14868 Views 1 comment Print

1. Goods/ services are received. 2. Invoice for the goods/ Services received 3. GST is actually paid by the supplier. 4. Return showing Supply is furnished by the Supplier 6. If goods are received in lots – Full ITC shall be allowed only when last lot is received

CBEC press release on comparative analysis of proposed GST rates to existing taxes on important goods & services

May 27, 2017 5988 Views 1 comment Print

The GST Council in its meeting held in Srinagar (J&K) vide dated 18Th & 19th May 2017 finalized GST rates on Goods and Services and just after end of the meeting GST rate schedules were uploaded on the CBEC website. Since then lot of discussion on the positive or adverse impact of the GST rates are going on. The Govt. of India has also been regularly saying that GST rates will be revenue neutral rate as well as at par with the existing tax levy.

Can GST implementation end Tax Terrorism by State Revenue officials?

March 19, 2017 2457 Views 2 comments Print

It clearly shows that State VAT department has literally plundered most of the assets of a company without any legal justification. Now, these commercial tax officials would also be part of GST machinery.

Tour Operator service-Amendment in abatement & CENVAT allowed

January 15, 2017 81028 Views 16 comments Print

W.e.f. 22.01.2017, the abatement of 40% of gross amount charged for any tour operator service will be available. Therefore, w.e.f. 22.01.2017, service tax will be charged on 60% of the gross amount charged for any tour operator service.

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