"Qualified as a Chartered Accountant in the year 2017. He is Partner Designate at Hiregange & Associates LLP and currently heads the Ahmedabad Branch of the firm. He has work experience of over 4 years of working with MNC in the Indirect Tax and Compliance Department . He has written articles on various topics across online finance platforms. He is a regular contributor to updates and recent judgments in the field of Indirect tax. He acquired a degree of Diploma in International Tax and has also completed a Certificate Course in Forensic Audit & Fraud Detection, a post-qualification course conducted by the Institute of Chartered Accountants of India (ICAI)"
Mass issuance of GST notices in September 2023 prompted businesses to step into limelight and elucidate intricacies of their financial performances. This article unravels events leading to this surge, delves into legal intricacies of Section 73 of CGST Act, and explores ensuing challenges and discrepancies.
GST Courtroom Battles: Interpretation of ‘Goods’ across Indian High Courts & its implications on taxation and confiscation laws. From Cash to Commodities.
Explore recent Supreme Court ruling on interest levied on customs duties, its complexities, and implications it holds for enterprises, revenue departments, and taxpayers.
The recent imposition of a 28% GST rate on the entire value of gaming, horse racing, and casinos has been seen as a disadvantage for online gaming companies. The online gaming industry in India has witnessed impressive growth in past years, leading to significant foreign investment, making it one of India’s fastest-growing sectors.
There is a need to pay GST under reverse charge mechanism and then claim the ITC. Compliances like these would require a mandatory reconciliation exercise. The reconciliation statements would be useful for finalisation of books of account, filing of GSTR-9 and GSTR-9C.
A comprehensive guide on understanding and calculating your Annual Returns for GST Audit Series (Part 7), including 50 Important and Practical FAQs.
Table 14 includes differential tax on account of 10 and 11 above. However, there could be a scenario wherein there is a need to reverse the wrongly availed credit in table 12. Since, the annual return provides for payment of taxes, in table 14, liability from table 12 can also be considered in view of the authors.
Impact of input tax credit in annual returns and we will try to understand how and where disclosures with respect to ITC needs to be made in Annual return GSTR-9.
Special Valuation Branch is a special unit of the Customs department which is specializing in investigating the transactions which are entered into by importer based out in India and a supplier based in foreign country who have relationship like joint ventures, partnerships, holding-subsidiary etc.
In this article we shall discuss each and every field of annual GST returns and what information is required to be disclosed in each such field from the revenue and outward supply standpoint.
