"I am a seasoned finance and taxation professional with over 25 years of extensive experience in accounting, taxation, and compliance. As an M. Com graduate, I possess deep expertise in the finalisation of accounts in accordance with the Income Tax Act, Companies Act, and GST Act. My core competencies include the preparation and filing of TDS/TCS returns, Income Tax returns, and GST returns, ensuring complete adherence to relevant tax laws and regulations. With a combination of practical experience, academic qualifications, and ongoing professional development, I continue to deliver exceptional service in tax compliance, account finalization, and representation before regulatory authorities. "
This guide explains the various GST assessment methods under the CGST Act and clarifies when each is triggered. The key takeaway is understanding how compliance level determines the assessment route.
Learn if a GST rate reduction requires ITC reversal under Section 18(4) of the CGST Act. This article clarifies that ITC reversal is not needed for reduced tax rates.
Learn about GST Rule 37A for ITC reversal and re-availment. This summary explains deadlines, compliance requirements and what happens when suppliers delay GSTR-3B filings.
Understand GST Section 18 on Input Tax Credit availability in special circumstances like new registrations, status changes, and business transfers. Learn eligibility and conditions.
Explore GST Section 17 rules on Input Tax Credit (ITC) apportionment for mixed supplies and a comprehensive list of blocked credits, including vehicles and specific services.
Understand GST Input Tax Credit (ITC) eligibility under Section 16 of CGST Act. Learn conditions, time limits and key requirements for claiming ITC.
Understand GST Rule 28 for valuing supplies between distinct or related persons. Learn about Open Market Value, like kind and quality, and specific provisions for corporate guarantees and ITC availability.
Understand essential documents and conditions for claiming Input Tax Credit (ITC) under GST, including invoice rules, supplier compliance, and key deadlines.
New Rule 164 outlines the procedure for closing GST proceedings under Section 128A, effective November 1, 2024, detailing application, payment, and officer approval steps.
Madras High Court sets aside order denying GST exemption on lorry hire income to GTA, citing Notification 12/2017 and lack of reasoned response.
