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Ca Sachin Kumar

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Cross Charge under GST at the Crossroads

July 2, 2021 3576 Views 1 comment Print

Cross charge, a term coined by the GST professional fraternity, is levied on the transaction between the Distinct persons as defined u/s 25(4) of the CGST Act, 2017. The relevant provisions that give force to this levy are Section-7,  Section 25(4), Section 15 read with rule 28 and entry no. 2 of Schedule I to […]

New GST Return Regime- Seems good but falling short of expectations

November 20, 2020 21063 Views 5 comments Print

With effect from 01st January, 2021 the new GST returns regime will be rolled out. Pursuant to the central government’s constant jostling with adverse, trying and demanding economic situations, an effort is being made to provide the small taxpayers some breathing space and easing the compliance burden, quarterly GSTR-3B filing is being implemented from 1st […]

GST- TDS : Provisions Explained

September 16, 2020 46623 Views 7 comments Print

Like the Income Tax Act, provisions for the Tax Deduction at Source (hereinafter referred to as TDS) have also been incorporated in GST Acts. Section 51 of the CGST Act, 2017 empowers the government to provide for deduction of certain amount as TDS in the hands of prescribed persons i.e Central Government, State Governments or […]

Refund of ITC on Input Services-  Logic defies the Lawgic

September 10, 2020 8073 Views 0 comment Print

Matter to be analysed- Gujarat High Court allows the refund of unutilized ITC on Input Services. Ever since the advent of GST the refund of ITC has been a matter of grave concern and a tussle for the taxpayer to get it conveniently from revenue authorities who are busy jostling for ramping up the collection, […]

Time of Supply under GST- Elaborated and Simplified

September 2, 2020 7272 Views 0 comment Print

Roll out of GST has given rise to innumerable questions as to the applicability of its provisions on various business transactions. The economic environment of India is both vast as well as complex giving rise to novel and unique situations or business arrangements calling for urgent clarity with a tug of war between astute legislature […]

Analysis of Director’s Role & GST implication on Remuneration to Directors

August 28, 2020 2403 Views 0 comment Print

As far as the payment of remuneration to a Director is concerned he is not offering any specific independent services to the company but working as an ordinary employee in the ordinary course of business and gets the salary regularly like ordinary employees.

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