Tax Amicus: May 2019

ITC reversal on sale of used capital goods By Tushar Mittal GST law is moving towards its second anniversary yet most taxpayers are facing challenges in implementation

Tax Amicus: April 2019

Expenses incurred on CSR – Not so GST friendly? By Koushal Sonthalia Corporate Social Responsibility (CSR) activities are mandatory under Companies Act, 2013. Companies may incur expenses o

Tax Amicus: March 2019

Breaking the credit chain – An avenue to boost revenue? By Brajesh Kothary The conditions, as recommended by the GST Council in its meeting held on 19-3-2019, bar builders from taking ITC on goods an

Tax Amicus: February 2019

Liability to pay interest – An interesting interpretation By Rahul Jain & Rohan Muralidharan First article in this issue of Tax Amicus deals with the issue as to whether interest needs to be paid o

Tax Amicus: January 2019

Inverted duty structure in exports – Perplexity in refund By Chaitanya R. Bhatt & Saurabh Malpani The provisions of CGST provide appropriate relief via refund that can be applied under section 54(

Tax Amicus: December 2018

Liaison office in India – The GST connection By Nirali Akhani A liaison office acts as a communication channel between the foreign company/investor and prospective buyers/ customers or pros

Tax Amicus: November 2018

Reversal of credit on write-off under GST – Open issues By Nirav S. Karia & Nivedita Agarwal CGST Act provides for specific situations where input tax credit of the GST paid cannot be availed. One of

Tax Amicus: October 2018

TDS under GST law – Certain issues By Tushar Mittal Recently, the provisions relating to deduction of tax at source (TDS) under GST law have been made effective. The article in this issue of Tax Amicus

Tax Amicus: September 2018

Preparing for GST Audit & Annual Returns By Amandeep Singh The new tax regime has already completed its first anniversary and the first financial year i.e. FY 2017- 18 post implementation of GST has

Tax Amicus: August 2018

Due to multi-rate structure in India, taxpayers face a peculiar problem when the final product attracts lower GST while the inputs/input services are liable to tax at much higher rate.