"A commerce graduate with over 35 years in F&A of L&T Limited. Creation of Indirect Taxation Department for a corporate and trained the team. Significant contributor in saving tax on commercials. A Go-Getter and task master with a goal for a win-win situation to all the stake holders. Won in competition conducted by MCCI, CII, FICCI etc. Made various presentations on Central Excise, Customs, Service tax, sales Tax, VAT and DGFT matters Made various presentations to clients on GST updates. "
Standing order No.01 dt 04.02.2019 of Hyderabad Commissionerate – GST interest rate Debatable While the Government is taking series of efforts in the recent past to unlock the clutches gone into GST implementation, many eye brows are raised while reading the subject order. Principal Commissioner , Hyderabad vide C.No: IV/16/32/2019 – CT (Tech.) dt 04.02.2019 […]
The entire process of assessment from issue of notice to assessment order and its acceptance or rejection of application are covered by just GST assessment forms 1 to 18.
Audit by Tax Authorities under Section 65 The Commissioner or any officer authorised by him, by way of a general or a specific order, may now undertake audit of any registered person for part of financial year also Revision ( Rule 109B inserted) Where the Revisional Authority decides to pass an order in revision under […]
Outdoor Catering Services under GST -AAR ruling and it’s impact to Trade
The much-awaited forms in form 9 series, form 9 and 9-A has been notified vide notification 39/2018 dt 4th Sep 2018.This enables the taxable persons to compile the data with a reconciliation of financials and for the auditors to prepare themselves about the approach.
Accumulated credit by way of Krishi Kalyan Cess (KKC) as appeared in the Service tax return of Input Service Distributor (ISD) on June 30, 2017 which is carried forward in the electronic credit ledger maintained by the Appellant under CGST Act 2017, shall not be allowed to be taken as admissible input tax credit.
The GST Council in its 28th meeting held on 21st July has recommended certain amendments in the CGST Act, 2017, IGST Act, 2017, UTGST Act 2017, and GST (Compensation to States) Act, 2017. A quick glance of certain important recommendations and its impact to most of the common stakeholders. Recommendation Upper limit of turnover for […]
E commerce operator is only acting as an agent and not covered by the anti-profiteering clause. However, it has observed the excess tax collected from customers were not refunded when rate of change took place for some of the products on 15th Nov 2017 in GST
Though the format of GST Annual Audit is under discussion stage, the following would be the basic concepts of GST audit irrespective of the outcome of the format. GST Audit is like any other audit of independent examination of financial information with reference to GST provisions of any entity based on the turnover as notified under GST.
CBEC Circular No. 1063/2/2018-CX dt 16th Feb 2018 is running into 29 pages covering as many as 63 orders. Most of the issues related to clandestine removal, Cenvat credit, Usage of goods under advance authorization, Refunds, Limitation of time, Valuation etc.
