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Richa Kansal

Latest Posts by Richa Kansal

Compliances for E-commerce Operators & Participants under GST & Income Tax!!

May 23, 2022 19104 Views 3 comments Print

Learn about the compliances for E-commerce Operators and Participants under GST and Income Tax. Stay informed and avoid legal complications.

GST on Sale/transfer/disposal of Capital Goods – A new pandora box under GST!

September 23, 2020 180531 Views 1 comment Print

This article is penned down to enlighten the implications in respect of capital goods that are lost, stolen, destroyed or disposed by way of gift and sale of capital goods under Goods and Services Tax Act, 2017. Page Contents ♦ Meaning of Capital Goods ♦ Meaning of Supply in context to “Transfer/Disposal of Capital Goods” […]

Good news for taxpayers – Much awaited option “Consolidated Debit/Credit note” enabled on GST portal

September 15, 2020 48753 Views 2 comments Print

This article is penned down to discuss the impact of much awaited consolidated credit/debit note issued under GST. Section 34 of the Central Goods and Services Act, 2017, which deals with Credit/Debit note under GST law is reproduced below: 34. (1) Where a tax invoice has been issued for supply of any goods or services […]

Most untouched Provision under GST Audit

September 13, 2020 9891 Views 0 comment Print

The Goods and Services Tax (GST) regime, ‘mother of all tax reforms’ in India, has completed three years on July 1, 2020. The GST which was expected to create utter chaos and uncertainty for at least the next 4 to 5 years, as the initial response to the compliance platform designed by GSTN was too […]

Changes on GST portal- You Should know

August 31, 2020 12783 Views 3 comments Print

It has been over three years since the introduction of GST, India’s biggest tax reform, on 1st July 2017. It’s been a roller coaster ride for the government, Industries, taxpayers and other stakeholders. Since its inception, in the eye of the government, GST was supposed to be the ‘One Nation One Tax’. However, in actual […]

31st August, 2020 – Last date to file GST refund on account of Inverted Duty Structure for FY 2017-18?

August 17, 2020 35265 Views 1 comment Print

This article is penned down to analyse the legal issue that arises in respect of Refund of unutilised Input Tax Credit (ITC) on account of Inverted Duty Structure under GST regime after an amendment in clause pertaining to time period prescribed for filling refund application w.e.f. 01-02-2019. Before going further, let us understand all the […]

Good News- A New Tab enabled in GSTR-9

August 6, 2020 20478 Views 6 comments Print

While filing an annual return (GSTR-9) under GST, numerous taxpayers find mismatch in ITC as per auto populated details in annual return and the data available in their GSTR-2A, which results in preparation of lot of reconciliation reports by the professionals in order to arrive at a figure shown in Table 8A. But if all […]

Email from GST deptt on aggregate turnover- Action to be taken?

August 5, 2020 48552 Views 16 comments Print

This article contains a detailed discussion regarding the e-mail which is being received by many taxpayers on 04th Aug,20 from the GST dept. (noreply@gstn.gov.in) in context of ‘Aggregate turnover being more than Rs. 5 Cr during FY 2019-20’ And for a better analysis the said e-mail is divided into the following three parts. Part-1 (Dear 07AXXXX3916K1ZK, […]

Good news for taxpayers – Form PMT-09 is available on GST portal

April 21, 2020 45168 Views 20 comments Print

Form PMT-09 enables taxpayer to transfer amount from one minor head/ major head to another minor head/major head. For instance, taxpayer has paid ₹5,000 under interest of CGST. Now by filing PMT-09, he can shift that amount to late fess of SGST also.

COVID-19- Master Changes in GST Refund Process vide circular no. 135/05/2020

April 7, 2020 4803 Views 0 comment Print

Article analyses Changes in Refund Process vide Circular No. 135/05/2020 dated 31-03-2020 issued by CBIC- 1. Bunching of refund claims across Financial Years: – The restriction on clubbing of tax periods across different financial years was put in vide para 11.2 of the Circular No. 37/11/2018-GST dated 15.03.2018. The said circular was rescinded being subsumed in […]

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