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Cma Sankar Majumdar

Latest Posts by Cma Sankar Majumdar

GST as a Tax – Regressive, Progressive or Hybrid?

November 10, 2022 8406 Views 0 comment Print

Is GST a regressive or progressive tax? Find out how taxes can be categorized and their impact on taxpayers ability to pay.

Sec 16(2)(c) of CGST Act, 2017 – A nightmare for taxpayers

October 31, 2021 82479 Views 5 comments Print

Writing anything on clause (c) of sub-section (2) of section 16 of CGST Act, 2017 is nothing but scary. It is one of the harshest and scariest provisions of the GST laws and may prove to be a nightmare for the compliant taxpayers. This particular provision says that availment of ITC by the recipient of […]

Sec 16(4) of CGST Act, 2017 – fight & resistance is the call of the day

October 7, 2021 71943 Views 4 comments Print

Section 16(4) of the Central Goods and Services Tax Act, 2017 (similar provision in SGST and UTGST Acts) is arguably one of the most dreaded provisions of GST laws which substantially curb the right of a taxpayer so far as his entitlement to ITC is concerned. It seriously hits the basic premise of GST which […]

Sec 16(4) of CGST Act, 2017 – Is SC decision in case of ALD Automotive (P) Ltd. equally relevant in GST regime?

July 7, 2021 35847 Views 1 comment Print

Sec 16(4) of CGST Act, 2017 – Is Hon’ble Apex Court’s decision in the case of ALD Automotive (P) Ltd. equally relevant in GST regime? GST was introduced in India with a promise of a seamless flow of credit. Dreams were sold that cascading effect of taxes will vanish in thin air once GST is […]

Income inequality, Taxation policy vis-a-vis Goods and Services Tax

April 5, 2021 6780 Views 2 comments Print

At the very outset, the author of this write up wants to put a disclaimer that this article has nothing to do with the procedural or legal loopholes or shortcomings of the Indian GST, perceived or real, if any. It is not going to deal with the issues whether GST returns could be easier and […]

Article 246A : Power to levy tax with respect to GST – pertinent issues

November 6, 2020 48213 Views 3 comments Print

Legislation is always enacted with some purposes, objects and reasons. A proposed Legislation is placed before Parliament with a statement of objects and reasons appended to it. The objects and reasons accompanying a bill, which subsequently gets converted into an Act, are to be taken into consideration in interpreting the provisions of the statute. It […]

Farmers’ suicides vis-à-vis Rural Banking in India

September 27, 2020 1212 Views 0 comment Print

We are a society with set and preferred precedents. We meet a small boy and ask him what he wants to become when he grows up. We show admiration for him if he says Doctor, Engineer, Scientist, Pilot, IAS or IPS. We say – wow! What a choice! We meet a small girl and ask […]

Lockdown – The critical trade-off between lives and livelihoods

April 21, 2020 801 Views 2 comments Print

It was almost a foregone conclusion that the lockdown will be extended. Most of the states wanted it and the Centre was apparently not having a different opinion either. The virus was literally a bolt from the blue and the alleged lack of transparency of the Chinese authorities definitely aggravated the situation. The jury is […]

COVID-19 and its impact on Indian Economy

March 30, 2020 2727 Views 4 comments Print

The world is now passing through a very critical period. A deadly virus is forcing us to spend sleepless nights. We are facing a serious threat to our lives. The World Health Organisation has named the disease as COVID-19 which has now been declared as a pandemic. The entire world is trying to combat a […]

‘Seamless flow of GST credit’ (ITC) – a fairy tale ?

February 6, 2020 4944 Views 1 comment Print

GST was touted as a Good and Simple Tax. It was presumed to be the essence what the federal system of a country can achieve. It was publicised, flaunted and showcased as a brand which proves how best the federal system of our country can function and what drastic reforms our economy is capable of […]

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