H&A_Summary of GST Circulars 177 to 179 issued on 3rd August-2022

  • Category: GST Updates
  • Date: 05-08-2022
  • Writer: H&A Team

Fake invoicing under the GST- a bigger challenge ahead

  • Category: GST Updates
  • Date: 02-08-2022
  • Writer: CA Anil Kumar Bezwada

GST has completed 5 years now. Issuance and circulation of fake invoices among companies without actual supply of goods and irregular transfer of input credit to originating companies for payment of GST is contemporary & burning issue. One of key challenges in GST is devising a mechanism to identify & curb issuers of fake invoices at the time of GST Registration itself. Huge amount of public money misappropriated under this scam every year. I am sure it will not be possible for the...

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Legal Update -June 2022

  • Category: GST Updates
  • Date: 01-08-2022

ITC refund under inverted rate structure –retrospective application

  • Category: GST Updates
  • Date: 22-07-2022
  • Writers: CA Ashish Chaudhary, Pooja Jajwani

Introduction

Inverted duty structure refund has been subject matter of numerous interpretational issues since introduction of this concept in GST law. The Council in its 47th Meeting tweaked the formula for claiming refund. In this article, an attempt has been made to analyse the application of the amendments made in the [1] formulae prescribed for the calculation of refund of unutilized ITC accumulated due to an inverted rate structure and [2] the impact of the withdrawal of the refund...

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GST rate increase for Government projects (works contracts) – impact & way forward

  • Category: GST Updates
  • Date: 21-07-2022
  • Writer: CA Venkata Prasad

Pre-packaged and labelled items taxable from today – Answers to your 40 important questions

  • Category: GST Updates
  • Date: 19-07-2022
  • Writers: CA Ashish Chaudhary, CA Bhavesh Mittal

Tour Operators – Changes vide 47th GST Council meeting and way forward

  • Category: GST Updates
  • Date: 19-07-2022
  • Writer: CA Spudarjunan S



Demystifying Supreme Court decision - No GST on Ocean freight under RCM in CIF contract

  • Category: GST Updates
  • Date: 21-05-2022
  • Writers: Bhavesh Mittal, CA Venkata Prasad