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Ca Rajeev K. Sharma

Latest Posts by Ca Rajeev K. Sharma

Avail One-time Opportunity to claim missed out Transitional Credit in GST

November 25, 2022 12714 Views 0 comment Print

GST Law contains detailed provisions to carry forward the input tax credit earned by the GST Registered Persons Registered Person during the period before 1st of July, 2017. Such credit [left out credits] was to be carried forward/claimed in GST Forms Tran-1 and Tran-2 [T1 and T2] to be filled on GST portal ‘before 27.12.2017’.

Representation regarding Extension of Income Tax Due Dates

December 31, 2021 22308 Views 13 comments Print

District Taxation Bar Association (Direct Taxes), Ludhiana has made a representation to FM Smt. Nirmala Sitharaman Ji and  requested for extension of time for filing income tax returns in the light of the issues and problems being faced by the Members & the Assessees. District Taxation Bar Association (Direct Taxes), Ludhiana Dated: 27.12.2021 To Smt. […]

Memorandum on problems being faced in relation to New Income Tax Portal

July 16, 2021 89826 Views 152 comments Print

The Income Tax Return for the AY 2021-22 cannot be filed through any software or directly by uploading JSON file because this functionality has not been enabled at the Income Tax Portal. Due to this, the Public at large, who are applying for/ renewal of its Bank Loans, for applying tenders to various organization and for applying visa for going abroad etc. are facing lot of problems.

When a statement recorded U/s. 70 of CGST Act, 2017 is Relevant & Admissible?

August 13, 2020 50019 Views 1 comment Print

When a statement recorded under Section 70 under GST CGST Act, 2017 is Relevant and Admissible? -Analysis of Section 136 of CGST Act, 2017 Introduction Subject matter of this write-up is Section 136 of the Central Goods and Services Tax Act, 2017 (Act). This Section pertains to the relevancy and admissibility of statements made and […]

Reversal not required by Restaurants and Outdoor Caterers under Rule 6(3) of Cenvat Credit Rules, 2004

July 11, 2019 4299 Views 2 comments Print

In the past, numerous show cause notices have been issued all over India by Service Tax Authorities to Restaurant Owners and Outdoor Caterers alleging non-reversal of Cenvat Credit under Rule 6(3) of the Cenvat Credit Rules, 2004 by the Restaurants and Outdoor Caterers and demanding Service Tax under Rule 14 of the Service Tax Rules read with S 73 of the Finance Act, 1994 along with interest and penalties.

Transitional Issues in GST on Textiles – Deemed Credit of CGST on Textile Cloth and other items

July 17, 2017 8475 Views 1 comment Print

There have been certain doubts as to admissibility of deemed credit of CGST on in-hand stocks of Textiles Cloth (and many other items which are related the genre of Textiles) for those person registered under GST which were not registered under Central Excise except the Manufacturers, i.e. the traders.

Textiles and Goods and Services Tax -Part-I GST Rates

July 6, 2017 15810 Views 3 comments Print

With the imposition of Goods and Services Tax recently, the textile, hosiery and related job work units which are large in numbers and are mostly from micro, medium and small segment of industry are facing teething problems in this new regime of taxation.

Analysis and Procedural Aspects for Composition Levy under GST in India

June 26, 2017 7680 Views 2 comments Print

Goods and Services Tax is a new system of taxation in which legal formalities for compliance of law are such that a normal registered person has to file monthly return and one annual return at least. The monthly return that is to be filed under GST is also in three different parts, i.e. on three different dates in a month

Service Tax Exemptions for Educational Institutions from 1st April 2017

March 13, 2017 111228 Views 18 comments Print

Services provided by an educational institution (as defined) to its students, faculty and staff are exempt under clause (a) of Notification Number ST-25/2012 dated 20/06/2012.

Registration Requirement & Excise Duty on Ready Made Garments

March 4, 2016 7477 Views 1 comment Print

In my first part of the Article ‘Excise on Ready Made Garments and Made Ups-Post Budget-2016’ we had presented a brief note on applicable Central Excise with effect from 1st of March, 2016 on Readymade Garments and Made Ups. In this part, we are sharing further clarifications on the issue including who is to obtain registration under central excise, the job working units or the brand name owners and have exemplified the calculation of Central Excise Duty under different options.

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