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M.s. Vijaykumar

Latest Posts by M.s. Vijaykumar

Impact of GST Reverse Charge Mechanism: Analysis with Practical Examples

April 8, 2024 2346 Views 0 comment Print

Explore the influence of Reverse Charge Mechanism (RCM) on GST with practical examples. Learn how RCM works, its applicability, and its implications for businesses.

Show Cause Notice Under GST Regime- A Comprehensive Analysis

March 21, 2024 2469 Views 0 comment Print

Explore the comprehensive analysis of show cause notices under the Goods and Service Tax regime, including issuance, implications, and how to respond effectively. Learn the procedure and legal framework.

Impact of GST on Hospitality Sector: A Comprehensive Analysis

December 22, 2023 6636 Views 0 comment Print

Explore the implications of GST on the hospitality industry, analyzing changes in room tariffs, taxes, and compliance. Learn about GST rates and how businesses can adapt.

A Critical Study with Reference to GSTR2A, 2B & Circumstances Under Which Reversal of Input Tax Credit Arises

November 26, 2023 20436 Views 2 comments Print

Gain a comprehensive understanding of input tax credit, GSTR2A, 2B, and the related conditions with this article. Claim ITC & understand GST rules & due dates

A Complete Study About Job Work and Its Implications under GST Regime

September 8, 2023 13536 Views 0 comment Print

Job work under GST is the processing of goods supplied by the principal.  The concept of job work already exists in Central Excise, where major manufacturers can send inputs or semi-finished goods to job workers for further processing.

GST and Its Implications on Miniing Sector In India

September 3, 2023 4887 Views 0 comment Print

Explore the complexities of the Goods and Services Tax (GST) regime on India’s mining sector. Understand the impact on royalty, taxation, and compliance, with insights on recent legal developments.

Implications of GST on Cross Charging and Input Service Distribution

June 6, 2023 10632 Views 0 comment Print

GST, which was implemented on 1st July 2017, replaced numerous Indirect Taxes with a single tax system. However, several concepts from the previous tax laws have been carried forward into the GST framework.

Exempt Supply under GST: Definition, Meaning & Registration Requirements

May 31, 2023 52857 Views 5 comments Print

Explore the world of Exempt Supply under GST with our comprehensive article. Learn about the broad definition, types, and implications of exempt supplies, including NIL rated supplies, those exempted from GST, and non-taxable supplies. Discover the interplay between Sections 23 and 24 of the CGST Act, 2017, determining registration requirements for individuals exclusively engaged in exempt supplies.

Composition Scheme Under GST – A Boon to Small & Medium Scale Enterprises

May 11, 2023 21792 Views 0 comment Print

The composition scheme under the CGST Act is intended specifically for small taxpayers in order to facilitate compliance and simplify tax levies. It is a supplementary scheme. A person who qualifies for this scheme must pay quarterly tax at the prescribed rate on his or her earnings. There is no input tax credit available if the composition scheme is chosen.

GST liability on Commission Agents/brokers

December 13, 2022 131991 Views 6 comments Print

Unlock insights into GST liability on commission agents/brokers with a comprehensive analysis. Understand the nuanced aspects of intermediary services, including their definition, classification, and tax implications.

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