Top 5 challenges in E-way bill under GST

  • Category: GST
  • Date: 09-05-2018
  • Writers: CA Madhukar N Hiregange, CA Ravi Kumar Somani

GST - Key Areas to be Verified before 31.03.2018

  • Category: Others
  • Date: 29-03-2018
  • Writers: CA Mahadev R, CA Vikram Katariya

BACKGROUND:  

Much expected and game changing indirect tax law was introduced in the form of GST with effect from 1st July 2017. This financial is unique from Indirect Taxes perspective as the erstwhile indirect taxes such as service tax, central excise and VAT were prevalent for the first quarter i.e. April 2017 to June 2017 and later GST is in place for the remaining three quarters. Therefore, as we come close to the end of the financial year 2017-18, it is important to revisit and...

Read more

GST - Key Areas to be Verified before 31.03.2018

  • Category: GST
  • Date: 29-03-2018
  • Writers: CA Mahadev R, CA Vikram Katariya

Reimbursement under Service Tax vs GST

  • Category: Levy and supply
  • Date: 12-03-2018
  • Writers: CA Madhukar N Hiregange, CA Venkata Prasad

Practicality of Reimbursement deduction in GST

The tug of war of the Revenue to include every cost incurred by the supplier in the value of goods and services and the efforts of tax payers seeking out deduction from the taxable values has been there in sales tax, central excise, service tax and now in GST. In this article we examine what exactly was the dispute in service tax (which were eventually decided in favour of the service provider) and whether the similar position can be taken in...

Read more

Effectiveness of anti-profiteering provisions in GST

  • Category: Others
  • Date: 12-03-2018
  • Writers: CA Madhukar N Hiregange, CA Mahadev R

Game changing GST law has brought-in lot of practical difficulties for a tax payer. Many of these difficulties are being addressed by the government which is a positive sign. One major issue which is being faced by the tax payer now is on compliance with anti-profiteering provisions. It is also a fact that implementation of anti-profiteering provisions was never been easy in any of the countries wherein GST system was introduced in the past. Even in our country it may not be a smooth sailing...

Read more

Carry forward of KKC, EC etc., into GST – implications of recent Delhi High court decision

  • Category: assessment and litigation
  • Date: 12-03-2018
  • Writers: CA Lakshman K, CA Venkata Prasad

Education Cess was being levied on Central Excise and Service Tax from 10.09.2014. Education Cess paid on the purchase was available as credit against payment of education cess on payment on the output removal. Credit of cess was not able to use for the payment of duty. Later when the rate of excise duty was increased from 12% to 12.5%, cess was rescinded. There by the accumulated credit was not able to be used. Similar was in case of Krishi Kalyan Cess credit in case of service tax. Now...

Read more

Carry forward of KKC, EC etc., into GST – implications of recent Delhi High court decision

  • Category: GST
  • Date: 12-03-2018
  • Writers: CA Lakshman K, CA Venkata Prasad

Effectiveness of anti-profiteering provisions in GST

  • Category: GST
  • Date: 12-03-2018
  • Writers: CA Madhukar N Hiregange, CA Mahadev R

Reimbursement under Service Tax vs GST

  • Category: GST
  • Date: 12-03-2018
  • Writer: CA Madhukar N Hiregange

GST on Sale of Old Cars

  • Category: GST
  • Date: 12-02-2018
  • Writers: CA Madhukar N Hiregange, CA Mahadev R