Follow Us:

Venkata Prasad Pasupuleti

Latest Posts by Venkata Prasad Pasupuleti

Assignment of Tax Dues as Debt to Private Parties during Insolvency – A Paradigm Shift under IBC?

November 2, 2025 870 Views 0 comment Print

NCLAT rules sovereign tax dues, once admitted in CIRP, become assignable debts. Assignees become operational creditors with CoC voting rights, transforming the distressed debt market.

GST: Era of ‘Intermediary’ conundrum to end?

September 30, 2025 5139 Views 0 comment Print

The GST Council has recommended removing the contentious ‘intermediary’ service provision, aiming to restore zero-rating for genuine service exports and resolve years of tax disputes.

GST on Mining Royalty post 9 Judge bench SC decision- is it attained finality?

October 5, 2024 9003 Views 1 comment Print

Learn the implications of the 9-judge SC decision on GST and mining royalty. Explore the distinction between royalty and tax, and its effect on service tax/GST.

GST rate increase for Government projects (works contracts) – impact & way forward

July 20, 2022 382827 Views 11 comments Print

Recently, GST council in its 47th Council meeting has recommended for rate increase to 18% for all Government works which was followed by issuance of Notification No. 03/2022-C.T (R) dated 13.07.2022.

Supreme Court’s Gavel Strikes – No GST on Ocean freight under RCM in CIF contract – Part II

May 22, 2022 4629 Views 0 comment Print

Understanding the Supreme Courts decision on GST on ocean freight under RCM in CIF contracts. Learn about the legal background and implications.

Supreme Court’s Gavel Strikes – No GST on Ocean freight under RCM in CIF contract – Part I

May 22, 2022 5340 Views 0 comment Print

Understanding the recent Supreme Court decision on GST applicability in CIF contracts for ocean freight transportation – Part I

GST on Construction service – Forced 1/3rd land deduction is ultra vires

May 9, 2022 25629 Views 0 comment Print

Analysis of Guj HC decision on GST forced land deduction in construction service. Understand the impact & legality of 1/3rd land deduction in Real estate transactions.

ITC Invoice matching under GST – Mis-match case for Taxpayers

August 30, 2021 27429 Views 3 comments Print

Introduction: Input tax credit (ITC) is backbone of GST as it ensures the critical feature of taxing on value addition in the supply chain. Any action of denying ITC would lead to Cascading effect and kills the soul of GST. Hence, the success of GST heavily depends on the free flow of ITC across the […]

Missed charging GST, Golden chance now to rectify by way of Debit note

May 3, 2021 23037 Views 10 comments Print

One of the Mantra’s to avoid litigation in GST is charging GST on the higher side (higher rate or valuation or not taking disputed exemptions etc.,) and pass it to the recipient. It becomes easier when the recipient can take the ITC. While the aforesaid Mantra works wonderfully when sufficient care was taken at the […]

‘Interest’ on Net Tax Liability under GST – Light at the end of Tunnel?

September 12, 2020 23643 Views 4 comments Print

The interest liability for any belated remittance is an economic consequence. The tax laws are no exception to this rule. GST law provides for interest @18% on the delayed remittance of the tax after due date. A question was raised as to whether the interest has to be paid on Gross Tax liability (i.e. the […]

Search Post by Date
March 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031