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B S V Murthy

Latest Posts by B S V Murthy

Importance of internal controls in implementation of GST law & procedures

July 7, 2020 3489 Views 0 comment Print

It is necessary for every taxpayer to have a standard operating procedure to be followed regarding processes which have repercussions in terms of GST law. Some of the examples that readily come to mind are classification, valuation, determination of eligibility of ITC on inwards supplies of input goods, input services, and  capital goods, Identification of […]

GST: Some Suggestions to Taxpayers & Professionals

June 22, 2020 4146 Views 3 comments Print

I have been part of Indian indirect tax system for the past 45 years in different capacities – execution, implementation, enforcement, administration, dispute resolution and finally consultation. The law before the introduction of GST was not considered simple and after introduction of GST it is anything but simple despite our Prime Minister calling it good […]

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