"Kuldeep Kulkarni is an indirect tax professional with 26 years experience. Provides consulting and litigation services in indirect tax matters like GST, Customs, Foreign Trade (DGFT), erstwhile Central Excise, Service Tax and VAT. He also is a trainer at CGST and SGST Department and speaker for GST at various seminars organized by trade associations and tax professionals associations. He is also engaged in teaching indirect taxes for CA/CMA/CS Inter."
Explains GST appeals against confiscation orders under Sections 107 and 130, covering stay, redemption fine, refund and restitution issues.
GST Registration can be rejected due to an unregistered rent agreement? Get insights into a statutory analysis on the matter with this blog post. Keyphrase: GST Registration – Unregistered Rent Agreement – A statutory analysis.
Proviso to section 50(1) allows taxpayer to pay interest on cash portion of his delayed payment. An exception is carved out that interest is payable on gross amount if return is filed after initiation of proceeding by Department u/s 73 or 74.
Recently, section 50 of the CGST Act was amended retrospectively from 1.7.2017 to provide that interest will be charged on ITC wrongly availed and utilized. Prior to the amendment, interest was chargeable on ITC wrongly availed or utilized. Thus, interest was chargeable on ITC wrongly availed but not utilized.
Background – Development Agreement In apartments construction business, it is a usual practice that the land owner transfers development rights in the land to a promoter. In consideration, the promoter allots constructed units to the land owner. The promoter constructs some extra units and sells the same. The Land owner, thus sells (transfers) development rights […]
In the erstwhile service tax regime as well as in GST regime, the services provided by director to company are liable to service tax / GST under reverse charge. It is the company who has to pay the service tax / GST and not the director. Relevant legal provisions are given below: Service Tax: Notification […]
Recently, the central excise department has started issuing SCNs for recover of central excise duty on the Industrial Promotion Subsidy received by assessees in Maharshtra state.
