Recent Articles
Power of Inspection during transit under GST- Whether unrestricted ?
[2021] 125 taxmann.com 245 (Article) In order to check the GST evasion, frauds etc., the government has made sea changes in recent times , some are already in place and some are proposed in the budget 2021. The government is continuously taking steps to tighten the...
First Occupation before Completion Certificate for Non Levy of GST – Possible ?
[2020] 118 taxmann.com 325 (Article) The Schedule II (Section 7) of the Central Goods and Service Tax Act, 2017 prescribes about the activities or the transactions to be treated as supply of goods or supply of services. The clause (b) of paragraph 5 of Schedule II...
Is Revenue has the Authority To Levy Interest u/s 50 of CGST Act, 2017-?
[2020] 119 taxmann.com 228 (Article) The chargeability of interest on delayed payment of tax has always been remained a point of contention between the taxpayers and revenue . We all know that even in the recent days revenue has came up with the notification...
Provisional Attachment under GST- Caution to be Exercised
Now a days we have seen that the GST department is frequently using the powers which is envisaged to it in the sec.83 of the CGST act w.r.t. to provisional attachment of the properties of the tax payer. Now voices have arose against frequent and general use of the...
Reversal of ITC after legal availment under GST
In the forth coming article we will discuss the issue that the right to avail the input tax credit is to be seen as on the date of the credit availment and not otherwise. The main intent of the this article is that whether ITC can be called upon to pay back by revenue...
Relationship between Consideration & Supply under GST
In this article we will discuss the relationship of supply with the consideration and its repercussions regarding the chargeability of GST. The section 7 of the Central Goods & service Tax Act talks about the scope of supply. We can in other words say that the section...
Some Important Provisions related to Maintenance of Accounts under GST
We all know the importance of the maintenance of the accounts under GST. The provisions related to the maintenance of the accounts are given in Section 35 of the CGST Act, 2017 and Chapter VII of the CGST Rules 2017. Here I want to throw some light on some important...
Provisional Assessment Under GST Needs Reforms?
The provisions regarding the provisional assessment under GST is given under section 60 of the CGST Act and the corresponding rule is given under Rule 98 of the CGST Rules 2017. Let us begin the discussion with the note that why the provisional assessment is needed at...
ITC restrictions by new rules Rule 36(4) & 86(A) of CGST Rules, 2017
The Rule 36(4) of the CGST Rules has been inserted vide notification No. 49/2019, Central Tax dated 09-10-2019. Since after the introduction this has made a lot of hue and cry among the tax payers . Some problems of the tax payers are really genuine . Although the...
Summarized Standard Operating Procedure To Be Followed In Case of Non-Filers of GST Returns
Circular No. 129/48/2019 – GST, Dated 24 December 2019) The Central Board of Central Excise and Customs (hereinafter called board) comes heavily on the defaulters on account of non submission of GST Returns u/s 39 or 44 or 45 of the CGST Act. The board in exercise of...
GST on Work Contract on Roads & Highways
India has a vast network of road network of 5.23 million kms. and categorically it is the world’s second largest network . The national Highway comprises 2% of the total road network but carry 40% of the total traffic . One more interesting fact is that the 65% of the...
New Scheme of Real Estate Sector under GST – Relief or Challenges ?
The GST council in its 34th meeting held on 19.03.2018 has made some recommendations with regards to the long awaited demands of the real estate industry. The industry is struggling with the low demand and cumbersome compliances imposed by the legislations since the...