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Advocate Varun Chadha

Latest Posts by Advocate Varun Chadha

GSTR-9 Annual Return – Just a consolidate Return

December 3, 2018 26076 Views 1 comment Print

The much awaited Annual return (GSTR-9) was notified by CBIC vide Notification No. 39/2018 – Central Tax dated 04th September 2018 (though not available for filing on the portal till date) and Notification No. 49/2018- Central Tax dated 13.09.2018 notified Annual Reconciliation Statement (GSTR-9C) and as expected both forms are of no use to the […]

GST- Taxation on Second Hand Goods- Marginal Scheme

October 3, 2018 34143 Views 19 comments Print

As we all welcome GST there are many things left unsaid that needs to be clarified and creating lot of trouble and confusion in the minds of the traders. Government is coming up with various notifications for the smooth working of this new tax regime and one of such important notification

E-way Bill a complete analysis

June 4, 2018 22086 Views 4 comments Print

Intra-state E-way bill has been rolled out in many states and the same has been made applicable within the State of Punjab from 01.06.2018. Section 68 of the GST Act, 2017 read with Rule 138 of GST Rules, 2017 provides for furnishing of the information prior to commencement of movement of goods and generation of […]

GST- Place of Supply of Goods- The Destination Thing

June 13, 2017 14064 Views 3 comments Print

Under GST the whole scenario will change and new destination based taxation will come into picture where taxes will be retained by the states consuming the goods and not by the states from where supplies (sales) are made.

GST- Composition Levy- Think twice before opting

June 9, 2017 19950 Views 12 comments Print

Concept of Composition levy is prevailing under the current Central Excise as well as under the State VAT Laws. The same has been continued under the new GST regime but with various changes which are discussed in this article.

GST- Reverse Charge- A Nightmare for Unregistered Dealers

May 28, 2017 50127 Views 18 comments Print

Under the current Service Tax Law tax on Reverse Charge basis is leviable under various services but the concept of Reverse Charge on goods is totally a new concept under the GST regime. Sections 9(3) & 9(4) of the GST Act, 2017 deals with the provisions of Reverse Charge.

GST Transition: Carry forward of ITC on Stock held on appointed day

May 26, 2017 9276 Views 2 comments Print

Carry forwarding of existing ITC of the stock held on the appointed day is the first basic step that a business house needs to look into for a smooth transition into the GST regime. As the clock is ticking understanding the Transition Provisions and their implementation thereon is of the prime importance.

GST- Composite Supply Vs Mixed Supply

May 21, 2017 13341 Views 0 comment Print

A new concept of supplying the goods together has been introduced in GST regime which will cover supplies made together irrespective of the fact whether they are related or not. Though the concept of bundled services was there under Service Tax Law which is similar to composite supply but the concept of mixed supply is totally […]

GST Transition: Goods Received/ Returned after Appointed day

May 19, 2017 13839 Views 0 comment Print

Understanding the transition provisions are of prime importance as the same would help in the smooth transition to the New GST Regime. Certain situations such as return of goods sold, receiving of the goods after appointed day, change in price of goods/ services can arise during the transition phase. Some of them are discussed in this Article.

GST Transition- Input Tax Credit of Excise Duty to VAT Dealers

May 3, 2017 75462 Views 12 comments Print

The First step towards the transaction of GST will be the carry forwarding of the Inputs held in stock on the appointed day and its quantification thereof. Sections 139 to 142 of the GST Act, 2017 deals with transition provisions.

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