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Manas Joshi

Latest Posts by Manas Joshi

No GST on employee transport recovery: AAR, Maharashtra

January 11, 2022 5595 Views 0 comment Print

Applicability of GST on employee recovery has always been under debate. Under service tax regime, companies were paying service tax on recovery from employees and same practice has been continuing under GST regime also. Very recently i.e. on 16th December 2021, the Maharashtra bench of Advance Ruling Authority (AAR) in the case of M/s Integrated […]

45th GST Council Meeting Recommendations and Its Impact

September 20, 2021 3870 Views 0 comment Print

We all are aware that the 45th GST Council meeting was held on 17th September 2021 wherein various recommendations were made regarding revision of GST rates on certain goods / services as well as several changes in procedural and legal aspects. These recommendations will be effective after issue of relevant Notifications. In this article, I […]

Reconciliation of ITC with GSTR-2A for 2017-18 & 2018-19 – mandatory?

September 2, 2021 154176 Views 2 comments Print

Reconciliation of Input Tax Credit with GSTR-2A for years 2017-18 and 2018-19 – whether mandatory or optional…..? In the draft GST law, there was discussion about availment of Input Tax Credit (ITC) on the basis of GSTR-2. However, due to some practical and technical reasons it was never implemented. Accordingly, it was seen that taxpayers […]

Can Input Tax Credit for FY 2019-20 be claimed after September 2020? YES, YOU MAY

October 19, 2020 314142 Views 42 comments Print

Can Input Tax Credit for FY 2019-20 be claimed after September 2020..? YES, YOU MAY Few days ago, I came to know that Confederation of GST Professionals and Industries filed a writ petition before the Hon’ble Bombay High Court for the extension of due date of GSTR-9 / GSTR-9C to 31st December 2020.

GST is All About Reconciliations

December 27, 2019 32823 Views 4 comments Print

During preparation and filing of GST Annual Return (GSTR-9) and GST Audit (GSTR-9C), we all have experienced about reconciliation of sales reported in GST returns and sale / income reported in Balance Sheet. Moreover, reconciliation of Input Tax Credit (ITC) availed in GSTR-3B and ITC reflected in GSTR-2A. Apart from such sales and purchases reconciliation […]

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