"I am having 25+ years experience in Indirect Tax and GST function comprising of Tax planning and optimization, debottlenecking GST situations, Litigation - GST and erstwhile IDT laws and routine compliances. "
Audit, Investigation and Scrutiny as such sends shivers down the spine irrespective of well preparedness on the part of the assessees. This one aspect remains the same be it erstwhile IDT system – Excise, Service Tax, VAT, Customs, etc. or GST. GST is not the tested water, hence the apprehensions are more. The best action […]
A plain reading of rule 86A signifies that the intention of the Government is only to curb the menace of availing fraudulent credit but it has many unintended ramifications. There is also no clarity on the scope of the term ‘Reason to Believe’ in the given Rule 86A in sub-rule (1)(b)
Recently, there was an Advance Ruling by the Gujarat AAR in case of ‘Sterlite Technologies Pvt Ltd‘wherein it was decided that the goods procured from a supplier located out of India and directly supplied to a recipient located out of India falls under the category of ‘inter-state transaction’ and hence, the same is liable to […]
Below are discussed some important aspects of GST and its feasibility under the novel WFH culture as a contingent and a temporary alternative to the conventional work system, for tax personnel associated with GST :
