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Ca Harish P Devda

Latest Posts by Ca Harish P Devda

GST Key Year End Compliances – 360° View March 2023: Check List

March 10, 2023 11787 Views 0 comment Print

Stay compliant with GST regulations. Check out this comprehensive checklist for year-end GST compliances for FY 2022-23 and FY 2023-24.

Service charge – All you need to know about its taxability, legality & remedy

February 25, 2023 13758 Views 0 comment Print

There is no specific exemption from the levy of GST on service charges. Therefore any amount paid to the hotel/restaurant along with the food bill GST needs to be charged on the entire amount including the service charge as the same be part of the value of supply u/s 15(2)(c) of CGST Act.

Whether mandatory to distribute credit through ISD mechanism only?

January 30, 2023 12777 Views 1 comment Print

Introduction of ISD is to distribute input tax credits on services among units of same entity having same PAN which supplies goods or services or both

GST under RCM on fees or remuneration paid to director

January 7, 2023 116568 Views 0 comment Print

Author of this article has attempted to bring some clarity on 7aspects of the taxability & applicability of RCM on payments made to its directors by company. The author has also thrown some light on the Circular 140 issued by department.

Important Judgements for December 2020 month relevant under GST

December 30, 2020 16410 Views 2 comments Print

I. CX – Charges of availing excess Cenvat credit are unsustainable, where not backed by corroborative evidence – allegations of suppression of facts do not hold where assessee’s accounts were audited periodically: CESTAT – Demand in the absence of any corroborative evidence is nothing but based on presumptions and is not permissible under the law […]

ITC in GSTR-3B cannot exceed 105% of GSTR-2A- Analysis

December 29, 2020 33516 Views 2 comments Print

Amendment in rule 36(4) ITC cannot exceed in GSTR-3B of 105%- GSTR-2A and Steps to be taken w.r.t ITC post amendment I. Amendment in Rule 36(4) – Restriction on ITC to extend of 105% eligible ITC in GSTR-2A or BoA’s whichever is lower 1. Rule 36(4) was introduced to restrict the availment of credit on […]

Blocking of ITC in electronic credit ledger by dept under GST

December 29, 2020 29364 Views 3 comments Print

Rule 86A could be said to be ultra vires, Article 300A of Constitution of India, ‘No person shall be deprived of his property save by the authority of law’. Input tax credit would be treated as a property of the taxpayer.

180 days ITC reversal on non-payment of consideration – A dilemma for taxpayer

December 23, 2020 66141 Views 1 comment Print

Article contains a Background of provisions related to ITC reversal on non-payment of consideration, Extract of relevant provisions and analysis for 180 days reversal, Whether reversal prescribed under section 16(4) 2nd proviso r/w rule 37 to be done in GSTR-3B, Manner of calculating ITC reversal, Non applicability of 180 days ITC reversal provisions, Discussion in […]

E-invoicing – 50 FAQS and solutions

December 8, 2020 193491 Views 26 comments Print

What is e-invoicing? e-invoicing refers as per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN) Notified persons: A registered person, other than an SEZ unit*, Insurance Company, […]

E-invoicing and its applicability with illustration

November 14, 2020 72738 Views 10 comments Print

What is e-invoicing under GST? e-invoicing refers as per Rule 48(4) of CGST Rules, notified class of registered persons have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice Reference Number (IRN) Notified persons: A registered person, other than an SEZ unit*, […]

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