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Ca Swati Kharkia

Latest Posts by Ca Swati Kharkia

Amendment in Section 17(5) – ITC basket gets bigger!

March 8, 2019 61626 Views 7 comments Print

The CGST Act, 2017 has been amended for the first time since the implementation of GST in India vide the CGST (Amendment) Act, 2018. Although the amendments were brought in the public domain in 2018, they have been made effective only from 1st February 2019.

GST Implementation – Finally Turns Tasty!

July 7, 2018 2823 Views 3 comments Print

GST implementation was not very smooth in the initial stage, with a vague idea in the minds of the public of what should be done and what not. But after a year, it seems to be a fairly successful reform. Infact, it has been accepted worldwide that the transition into GST in India has been smoother than many other countries.

Employer-Employee relationship weakened by GST

November 6, 2017 11442 Views 1 comment Print

It’s the employees who help an employer retain his customers and their welfare should be a priority always. But what happens when he has to pay taxes for making them happy too? GST has brought in this weird situation when employers are thinking twice about the value of gifts they should give to their employees and whether the perquisites should be continued or discontinued.

Panchratnas cry for Equal rights under GST

October 11, 2017 6960 Views 3 comments Print

GST – One Nation One Tax – is an initiative by the Government to eliminate various indirect taxes and incorporate all of them into one, thereby reducing the tax complexity. But five products viz petroleum crude, high-speed diesel, motor spirit (commonly known as petrol), natural gas and aviation turbine fuel

GST implementation – Hasty turns out nasty

October 5, 2017 12828 Views 25 comments Print

Anticipations from over a decade were put to rest on July 1, 2017 when India’s biggest tax reform since independence, Goods and Services Tax (GST) was launched. With an attempt to create historic mark, the Government although claims to have succeeded in this smooth transition from the earlier tax regime to the new tax regime, but the scenarios after 75 days of its implementation does not justify the same.

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