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Ca Rohit Surana

Latest Posts by Ca Rohit Surana

Corporate Guarantee: An Emerging Suit Under GST

September 1, 2023 6552 Views 1 comment Print

A corporate guarantee is a contract between a corporate entity or individual and a debtor. In this contract, the guarantor takes responsibility for the debtor’s obligations, such as repaying a debt.

Intra-State E-way Bill Rules under GST for Gold & Precious Stones

August 14, 2023 14838 Views 0 comment Print

Learn about the rules for generating e-way bills for intra-state movement of gold, precious stones, and jewelry. Key points, exemptions, and procedural aspects covered.

Residential Dwelling Under GST – Unanswered Questions

August 9, 2022 19833 Views 1 comment Print

Unanswered questions about renting residential dwellings under GST. Learn about the recent changes and implications for registered persons.

Renting of Property Under GST

July 21, 2022 12930 Views 0 comment Print

Renting of an immovable property is considered a supply of service under GST as per schedule II of the CGST Act 2017. Till 17th July 2017, renting of residential dwelling for use as residence was exempted whereas services by way of renting for commercial use (SAC Code –997212) was taxable @ 18%. However, the dynamics of renting of residential property under GST has changed from 18th of July 2022.

Applicability of interest under GST

July 2, 2022 29979 Views 1 comment Print

As per sec 50(1) of the CGST Act 2017, a taxpayer is liable to pay interest @ 18% p.a. on the late payment of tax or non-payment of Tax. The extract of the said section has been provided below.

Eligibility of ITC on CSR Expenses Under GST

February 14, 2022 57849 Views 4 comments Print

Eligibility of Input Tax Credit (ITC) on Corporate Social Responsibility (CSR) Expenses Under GST 1. Introduction: – Goods & Services Tax (GST) is regarded as the most ambitious and remarkable indirect tax reform in India’s post-independence history. The GST regime is based on uninterrupted and seamless flow of Input Tax Credit (ITC) in order to […]

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April 2024