"Mayank A Jain qualified as a Chartered Accountant in May 2018. He has a working experience of more than 5 years. He has worked in one of the best firms in Indirect Taxation - HNA & Co (formerly known as Hiregange and Associates LLP) for a period of more than 4 years. Here, he was leading the consultancy team and provided consultancy and compliance support to numerous Clients in various sectors such as real estate, health care, IT, automobiles, under GST, service Tax, FTP, and central Excise, VAT. He has specialised knowledge Of GST for real estate industry. He has also assisted authors in drafting 'Practical guide to GST On Real Estate', 'GST on Textile Industry', 'Compendium Issues and Solution on GST', 'GST Audit Handbook - Government Perspective’ and ‘Comprehensive Guide to Reverse Charge under GST’. He also has working experience in other areas such as Income Tax, Audits, CFO services, etc."
Explore the implications of claiming ITC under the wrong head in GST, potential solutions, and relevant court rulings to address such issues.
Understand the eligibility of Input Tax Credit (ITC) under GST law for HVAC systems, lifts, and similar equipment. Examine legal provisions and rulings to determine if ITC applies to these immovable property components.
Understand GST liability under Reverse Charge Mechanism (RCM) for services consumed outside India. Analysis based on recent Rajasthan High Court judgment in Savio Jewellery case.
Understand the time limit for re-availment of Input Tax Credit (ITC) under GST law. Explore the legal provisions, scenarios, and expert analysis on this crucial aspect.
Understanding whether book adjustment equates to payment under GST Law. Explore legal provisions, considerations for related parties, and implications for Input Tax Credit (ITC).
Discover if it’s possible to declare GST credit notes in returns after November 30th. Get insights into the legal provisions and practical implications in this analysis.
Understand E-invoicing in Indian GST law: Applicability, exemptions, integration with GSTR-1, and practical considerations for suppliers and recipients.
Discover essential tips for handling GST department audits efficiently. Learn about legal provisions, preparations, good practices, and expert strategies to ensure a smooth compliance process
With the increasing trend of electronic commerce, the use of prepaid vouchers and gift cards has increased exponentially not only in B2C transactions but also in B2B transactions. Vouchers are instruments that are redeemable on their face value against supply of goods or services. For example, multi-brand retailers supply gift cards to their customers which can be redeemed against the purchase of merchandise of their brand of value equal to the face value as printed on such gift card.
