Rejection of GST refund claims through deficiency memo – Implications on limitation and interest on delayed grant of refund Upcoming litigations on rejection of GST refund claims through deficiency memo and implications on limitation and interest on delayed grant of...
Reconciliation of ITC on imported goods from July 2017 onwards and availing missed ITC A new facility has been introduced on GST portal wherein the taxpayers can view details of Bill of Entry (BOE) filed for goods imported through EDI ports. These details are...
Reporting of TCS amount on Tax Invoice vis-à-vis E-way Bill and GSTR-1 This is to apprise you regarding practical issue emanated due to introduction of Tax Collected at Source (‘TCS’) under Income Tax law on sale of goods for reporting it on Tax Invoice vis-à-vis on...
Classification of Goods Transport Agency service Under GST law, transportation of goods by road is an exempt supply. The exemption does not apply where such service is provided by Goods Transport Agency (‘GTA’). Vide this Outlook, we are discussing necessary...
ITC eligibility on reverse charge supplies procured from registered suppliers This Outlook intends to apprise you regarding Input Tax Credit (‘ITC’) of tax paid under Reverse Charge Mechanism (‘RCM’) considering restriction prescribed under Rule 36(4) of the Central...
GST on services provided by clubs and co-operative societies to its members This is to apprise you regarding levy of GST on transactions between clubs and co-operative societies vis-à-vis their members. Background The exigibility of tax on services rendered by clubs...
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