GST articles

Whether GST leviable on services provided by Liaison Office as an ‘intermediary’

AAR, Maharashtra has held that a liaison office of the DCCI to be an ‘intermediary’ which is providing services. Further held that, the liaison office cannot be considered as non-profit making organization, and the activities undertaken are covered under the scope of 'Commerce', 'Business' and 'Supply'....

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Analysis of Works Contract Under GST

WORKS CONTRACT DEFINITION : ‘works contract’ means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or ...

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Treatment of GST for TDS/ TCS on purchase/sale of goods

Section 194Q for TDS deduction on the purchase of goods has become effective from 1.7.2021, whereas TCS collection on sale of goods is already applicable from last year from 1.10.2020, but there is confusion regarding the treatment of GST amount while applying the provisions of these sections....

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RFD-03 Deficiency Memo – A way to Hold GST Refund Claim?

Here in this article, we will talk about issuance of Deficiency memo issued by the department after preliminary verification of the refund claim filed ; remedy available with the applicant after the issuance of memo etc. Relevant Legal Provision: “Rule 90(3)-Where any deficiencies are noticed, the proper officer shall communicate the de...

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GST Audit applicability for the Financial Year 2020-21

Here in this article, we will discuss about the applicability of GST Audit for the Financial Year 2020-21 with the help of relevant provisions of CGST Act, 2017, Finance Act, 2021 and Press Release of 43rd GST Council Meeting held on 28th May, 2021. GST Audit Provisions under CGST Act, 2017: 35 (5) Every registered […]...

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Analysis of GST on Development Rights, TDR, Paid FSI

KNOWLEDGE SERIES-ANSWER ON ANSWER-I ANALYSIS OF THE GST ON DEVELOPMENT RIGHTS, TDR, PAID FSI BEFORE APRIL 2019 AND THEREAFTER Real estate industry is going through lot of changes since last 5 years. There are major reforms like Demonetisation, GST, RERA etc. which transform the real estate industry but it was not much favourable for initi...

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Amendment in Time Limit for Making Application for Revocation of Cancellation of Registration in GST

Amendment in Time Limit for Making Application for Revocation of Cancellation of Registration in GST Section 30 of the CGST Act, 2017 deals with ‘Revocation of Cancellation of Registration’. Finance Act, 2020 made a significant amendment in this Section, w.e.f. 1st January 2021, vide notification No. 92/2020- Central Tax, date...

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Proof of Principal Place of Business For GST Registration

GST registration is a simple online process. However, it get’s rejected, the most common reason of rejection/objection is defect in proof of principal place of business. This article analyses and explains the admissible proof of place of business for GST registration. As per GST REG-01 PART B of CGST Rules, 2017 read with Rule 8 [&helli...

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Monthly GST Updates – July 2021

Article compiles Central Tax (Rate) Notifications (June 2021), Central Tax Notification (June 2021), Latest and Important Case laws and Monthly Compliance Calendar- July 2021. 1. Latest updates by way of Notifications issued ♦ Notification No. 1/2021- Central Tax (Rate) dated 02.06.2021 [Change in Rate of Tax of Diethylcarbamazine from ...

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GST Amnesty (?) Scheme for providing relief in late fees for pending GSTR 3B

In 43rd GST Council meeting held as on 28th May 2021, council has declared an Amnesty Scheme to provide relief to taxpayers regarding late fee for pending returns. The same is notified through Notification No. 19/2021 – Central Tax dated 1st June 2021. The scheme is wide enough to cover the tax period from 1st […]...

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