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Atul Tanwar

Latest Posts by Atul Tanwar

Quarterly Return, Monthly Payment Scheme under GST

December 1, 2020 5244 Views 0 comment Print

GST Council in its 42nd meeting held on October 05, 2020 recommended the introduction of a scheme allowing certain class of taxpayers to file quarterly return instead monthly returns from January 2021. However, the concept itself was visualized by the Government while introducing the Finance Bill 2019 wherein Clause 96 was introduced enabling Government to allow quarterly filing of returns which later on was finally provided by Section 97 of the Finance (No.2) Act, 2019 (hereinafter referred to as the ‘Finance Act 2019’).

E-invoicing under GST-A walk with technology

October 5, 2020 3168 Views 1 comment Print

Background E-Invoicing is not a new concept if we talk about other countries in the world, though proposed to be implemented in India for the first time. Hence, it can be said to be a new concept in context of Indian tax administration. Basic idea of introducing e-invoicing is to have a standard to ensure […]

Tax Deduction at Source under GST- An Additional Nuisance

September 25, 2020 15975 Views 3 comments Print

Under indirect tax laws, concept of tax deduction could be traced in erstwhile State level VAT enactments also. Now, post GST implementation, the concept has also been made applicable effective from October 01, 2018 which is in addition to obligation of deduction of tax at source under direct tax laws.

GST on Goods Transport Agency- a prevailing confusion

September 3, 2020 7245 Views 0 comment Print

The levy of tax on services of transportation of goods by road has always remained a subject matter of uncertainty and litigation. Under erstwhile service tax regime, service tax was first levied on such services vide Finance Act, 1997 effective from November 16, 1997 which was subsequently withdrawn after nation-wide strikes.

Audit Under Goods & Services Tax Act, 2017

August 27, 2020 1887 Views 0 comment Print

BACKGROUND Audit under indirect tax laws is not a new concept. This concept of audit was also existing in the erstwhile Central Excise laws, State level VAT laws and Service tax laws. Audit is a tool available to the tax department to review and verify transactions entered into by a taxpayer to ensure tax compliance […]

GST on Ocean Freight – A Tax Adventure, that Failed

May 19, 2020 8745 Views 0 comment Print

BACKGROUND OF LEVY Leviability of GST under Reverse Charge Mechanism (RCM) on ocean freight is one of the issues which has been seriously debated on in the GST regime since beginning. The controversy relating to taxation of ocean freight under RCM finds its roots from service tax regime wherein such levy was first introduced, by […]

Time of Supply of Goods under GST- An Analysis

May 11, 2020 14511 Views 0 comment Print

INTRODUCTION In the erstwhile laws, there were provided certain events basis which the leviability of tax was attracted, generally called the ‘taxable event’. If we talk about the Central Excise laws, such taxable event was manufacturing of goods, in case of service tax laws, such event was provision of services and in case of VAT […]

Interest On Delayed Payment Of GST – A Pandora’s Box

May 4, 2020 2961 Views 0 comment Print

Through this article, an attempt has been made to discuss and understand the provisions of CGST Act read with Central Goods and Services Tax Rules, 2017 (hereinafter referred to as CGST Rules or the Rules) in so far as these provisions read with rules relate to the payment of taxes under the law and interest in case of delayed payment of tax.

Assessment Under Goods and Services Tax Act, 2017

April 23, 2020 9114 Views 0 comment Print

Through this article, an attempt has been made to understand the provisions relating to assessment in so far as these provisions are contained under Central Goods and Services Tax Act, 2017 (CGST Act) read with Central Goods and Services Tax Rules, 2017 (CGST Rules) and relevant notifications/circulars as the case may be.

Composition Levy Under Goods and Services Tax Laws

April 16, 2020 1503 Views 2 comments Print

Provisions relating to Composition Scheme under GST have been provided under Chapter III of CGST Act which provides for provisions in so far as those relate to levy and collection of tax under GST laws.

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