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
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
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
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.
Refund of GST under Inverted Duty Structure By Koushal Sonthalia Due to multi-rate structure in India, taxpayers face a peculiar problem when the final product attracts lower GST
It has been more than a year since India made the historic transition from the traditional indirect taxation regime an all-new integrated indirect taxation regime i.e. Goods and Services Tax.
E-way bill system – Time to relax penal provisions By Nipun Arora It has been more than a year since India made the historic transition from the traditional indirect taxation regime an all-new integr
CBIC has recently clarified certain issues involving job work including the issue relating to tax implications on free of cost (FOC) supplies of moulds and the need for reversal of input tax credit (ITC) in such cases.
GST and amortization – An unceasing connection By Brijesh Kothary and Nikhil Agarwal CBIC has recently clarified certain issues involving job work includin
Advance Rulings under GST – Certain questions of law By Dr. G. Gokul Kishore GST made its entry in July, 2017. To facilitate trade on issues relating to liability or credit or cla
It is important to decide whether supplies are to be treated as intra-State supplies or inter-State supplies for payment of correct type of tax.
Job workers use moulds and dies provided to them by their principals. Whether amortised value of such moulds should be included by job workers in the job charges for discharging GST? The authors have attempted to answer this question in the light of recent clarification by the department.