GST articles

Income Tax, GST, FEMA, Customs, DGFT Updates dated 31.07.2021

Tax is a mandatory fee levied by the Government on an individual or entity to collect revenue for public work and we all are aware of the importance of tax for the development of any country. But, in many instances, we come across the news in our surroundings about tax evasion or non-payment of tax […]...

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Posted Under: CA, CS, CMA |

What to anticipate from Centre review of Legal Issues in GST

As the Goods and Services Tax (GST) regime completed its fourth year on 1 July 2021, there are still issues that plagues several industrial sectors in India. Industry bodies were set to raise several issues with the Government in relation to GST compliances, legislation, and administration ahead of the fourth anniversary of the indirect t...

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Posted Under: CA, CS, CMA |

GST – Input Tax Credit – Let us refresh the basics

GST has completed four years and during this four year we have seen many complex issues such as inverted duty structure, 2-2A reconciliation, GST Audit, Investigation etc. While facing all such issues one should be sound with basic concept of ITC while dealing with the authorities. Let us revisit basic concept of input tax credit. [&helli...

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Posted Under: CA, CS, CMA |

GST Audit – Certification in Form GSTR-9C – Clarifications needed

1. Notification No.29/2021 – Central Tax Dt.30.07.2021 has been issued appointing 01.08.2021 as the date on which the provisions of Sections 110 and 111 of the Finance Act, 2021 shall come into force. 2. Section 110 and 111 of the Finance Act, 2021 are reproduced hereunder – 110. In section 35 of the Central Goods […]...

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Posted Under: CA, CS, CMA |

Tax evasion cannot be presumed merely based on e-way bill expiry

The Hon’ble Telangana High Court in Satyam Shivam Papers Pvt. Ltd. v. Assistant Commissioner ST & Ors. [Writ Petition No. 9688 of 2020 dated June 2, 2021] set aside the order in Form GST MOV-09 passed by the Revenue Department, imposing tax and penalty on the assessee due to the expiry of the e-way bill […]...

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Posted Under: CA, CS, CMA |

Fake Invoice Appeal – Draft Appeal Submission & Form GST APL-01

Article contains Filled Form GST APL – 01, Statement of Facts, Grounds of Appeal alongwith detailed submission in a case in which Revenue Alleged that Appellant made Purchases from Fraudulent and non-existent firms. Form GST APL – 01 [See Rule 108(1)] Appeal to Appellate Authority 1. GSTIN/TEMPORARY ID/UIN XXXXX 2. Legal name ...

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Posted Under: CA, CS, CMA |

Registration under GST – Simplified

Article discusses Section 22 Person liable for Registration, Section 23 Person Not Liable for Registration, Section 24 Compulsory Registration, Section 25 Procedure for Registration, Section 26 Deemed Registration, Section 27 Special Provision for Casual Taxable Person & Non-Resident Taxable Person, Section 28 Amendment of Registratio...

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Posted Under: CA, CS, CMA |

Treatment of services relating to Agricultural Sector under GST

I have received queries relating to services provided to Agricultural Sector, whether GST is applicable or exempted from our professional friends. So, I am trying to give clarification through this article ““Treatment of services relating to Agricultural Sector under GST” at my best of knowledge. Here we come to know about some impo...

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Posted Under: CA, CS, CMA |

Applicability of GST on reimbursements levied with Rent

It is a well settled law that renting of commercial properties is subject to GST, provided the basic exemption limit is exceeded for registration. However, the subject matter prone to litigation is the recovery of other charges made by the landlord in addition to rent, viz. reimbursement of electricity charges, water charges, gas charges ...

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Posted Under: CA, CS, CMA |

Treatment of Transfer of business as a going concern under GST

I have received queries from our colleagues on if a business men has transferred  his business as a going concern, How can treat such transfer of business as a going concern under GST. So, I am trying to explain how to treat such transaction as a going concern and what is tax impact under GST […]...

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Posted Under: CA, CS, CMA |

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