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Ca Hemant P. Vastani

Latest Posts by Ca Hemant P. Vastani

Actionable Claim under GST: Simplified Overview

July 3, 2024 963 Views 0 comment Print

Learn about actionable claims under GST law, including definitions, types, examples, and tax implications as outlined by the Supreme Court and various legal cases.

ChatGPT and Chartered Accountants

April 27, 2023 12552 Views 1 comment Print

Discover how ChatGPT can benefit chartered accountants in research, calculations, compliance, financial analysis, and client communication. Enhance your professional practice with AI assistance.

11 Important FAQs on Quarterly GST Return & Monthly Payment

November 18, 2020 17265 Views 3 comments Print

11 Important FAQs of Quarterly Return and Monthly Payment (‘QRMP’) Scheme w.e.f 1st January, 2021 With the coming of 1st day of any new month or the 1st day of the new quarter, GST Council is ready to come out with certain new changes. Whether it is 1st October 2019 (Changes in Section 36(4) , […]

4 Point Sustainable Business Modal After Covid 19

July 26, 2020 1035 Views 0 comment Print

What can businesses do to protect themselves? How, what and where to focus on after COVID 19 Introduction : The economic impact of the 2019-20 coronavirus pandemic in India has been hugely disruptive. World Bank and credit rating agencies have downgraded India’s growth for FY 2021 with the lowest figures India has seen in three […]

Presence of advocate during GST search proceedings

July 24, 2020 3597 Views 0 comment Print

There is no provision in CGST Act 2017 indicating that GST search proceedings have to be carried out in presence of an Advocate and, thus, assessee’s request for same could not be allowed.

Supreme court’s order on extension of Limitation Period due to Covid 19

May 26, 2020 12234 Views 0 comment Print

Due to Covid 19, many parties were not able to fulfill their commitments and obligation to attend the court, tribunals, etc to file their suits and appeals within the prescribed time lines as per the law. The law in this case is the ‘ ‘The law of limitation’. The Law of Limitation in India comprises […]

Penalties – Fake Invoices and False Entries – GST Act 2017

May 19, 2020 6798 Views 0 comment Print

Penalties for Fake Invoices and False Entries – Section 122 (1A) of CGST Act 2017  ( W.E.F 1.04.2020) for certain offences. The Finance minister in her budget speech has announced certain new provision in GST . According to Clause 124 of the Finance Bill 2020 Extract from the Finance Bill, 2020– 124. In section 122 […]

Impact of Covid-19 on Textile And Apparel Industry

April 13, 2020 4329 Views 2 comments Print

Introduction: India’s textiles sector is one of the oldest industries in Indian economy dating back several centuries. India’s overall textile exports during FY 2017-18 stood at US$ 39.2 billion in FY18 and stood at US$ 38.70 billion in FY19 and is expected to increase to US$ 82.00 billion by 2021..The Indian textiles industry is extremely […]

CA Certification in GST

February 19, 2020 66495 Views 4 comments Print

GST, a paradigm shift from origin based tax to destination based tax, has been introduced in India with one of the objectives to provide an uninterrupted and seamless flow of input tax credit, and a mechanism to avoid cascading of taxes. Thus, to ensure this smooth flow of credit and also authencity of credit claimed […]

E-Invoicing under GST- Important Points

December 29, 2019 53535 Views 1 comment Print

Article Explains about E-Invoice Under GST, Misconception About E-Invoice Under GST, E-Invoice Scheme, Benefits From E-Invoice under GST, E-Invoice Portal [Invoice Registration Portal – (IRP)], Steps of Generation of E-Invoice under GST, QR Code, Modes of Generation of E-Invoice under GST and Other Important points of E-Invoices under GST. Detailed Note is as follows:- 1. […]

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July 2024