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Ca. Rajesh Maddi

Latest Posts by Ca. Rajesh Maddi

GST: Supply of Duty CREDIT Scrips – Impact on Input Tax Credit

July 8, 2022 93747 Views 3 comments Print

Duty Credit Scrips are goods as held by many Courts and the supply of the same liable to GST. Duty Credit Scrips covered under HSN 4907 and exempted from 13.10.2017 under S. No. 122A of Notification 2/2017 – CGST (Rate). Prior, it was taxable under GST.

Inverted Duty Structure Refund – Service Providers

August 27, 2021 17856 Views 5 comments Print

Introduction: > Where the credit has accumulated on account of rate of tax on inputs being higher than the rate of tax on Output supplies (other than nil rated or fully exempt supplies), except supplies of goods or services or both as may be notified by the Government on the recommendations of the Council. > […]

Issues faced by SEZ units under GST Regime

February 15, 2021 49512 Views 16 comments Print

Upon reading of the heading, one may feel that what could be issues faced by SEZ unit as they can procure the goods without payment of GST and export their supplies without payment of GST. SEZ units are facing many issues in GST regime due to lack of co-ordination between the associated enactments, GST portal […]

Way forward – GST 4.0

July 2, 2020 2676 Views 2 comments Print

The GST was launched at midnight on 1 July 2017 by the President of India, and the Government of India. The launch was marked by a historic midnight (30 June – 1 July) session of both the houses of parliament convened at the Central Hall of the Parliament. We have completed three years of implementation. […]

Critical aspects of GST – Hotel Industry

April 15, 2020 45375 Views 31 comments Print

Hotel industry is one of the major impacted industries due to Corona virus (Covid 19) Pandemic. It is high time for the industry to reduce their costs and ensure that they are not hit with GST non-compliance notices. Since, the substantial business of the industry would be B2C (business to customer), any future demands by […]

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April 2024