"RAJAGOPAL K. Taxation Head – Textile Industries, Coimbatore Master of Commerce | Advanced Diploma in GST (IISDT, Indore – 2025) | Fundamentals of GST (Ramanujan College, University of Delhi – 2023) | Life Member - Indian Accounting Association (Coimbatore Branch) I am a seasoned finance and taxation professional with over 25 years of experience in accounting, taxation, and compliance. I have strong expertise in finalizing accounts in accordance with the Income Tax Act, Companies Act, and GST Act. My core competencies include preparing and filing TDS/TCS returns, Income Tax returns, and GST returns, ensuring full compliance with relevant tax laws and regulations. I enjoy sharing knowledge with others and learning from experienced professionals. I focus on following rules correctly and helping my team and organization do the same. With practical experience, academic knowledge, and continuous professional development, I deliver reliable service in tax compliance, account finalization, and representation before regulatory authorities. "
The article explains that where recipients never avail ITC on rejected goods, no reversal is required upon issuance of credit notes under Section 34. Proper documentation can support GST compliance during audits and departmental proceedings.
Transporters can avoid TDS deduction by submitting a declaration confirming ownership of not more than ten goods vehicles. The key takeaway is that proper documentation ensures compliance and prevents unnecessary tax deduction.
The document outlines a certificate format where the recipient confirms reversal of Input Tax Credit related to credit notes issued for post-supply discounts and sales returns under GST law.
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.
