PRACTISING COMPANY SECRETARY (CORE EXPERTISE- INDIRECT TAX MATTERS) Qualification : Possess Professional Qualifications in Finance, Company Law, Cost & Management Accounting, Indirect Tax Matters, Supply Chain Management. Overall Experience of 29 Years in Indirect Taxation (Central Excise, Customs, Service Tax, VAT/CST, DGFT Matters, GST & Other allied laws). Worked as President Taxation with Reputed Groups / Brands in India. In Indirect Tax Practice for Past over 9 Years and serving the Industry with Value Addition in Top & Bottom Line. Panel Member with various Tax Forms, Councils, Taxation Committees. Faculty Member for imparting training to Members at FICCI/CII / NACIN (State and Central GST Officers) Email id : [email protected]
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577 Replies on 304 Issues
Issue Id: 120584
Our company was subjected to GST department audit for the years 2017-2020 and also from 2020-2023 tax years u/s. 65. Now department has again ...
Read Full Issue Goods and Services Tax - GST
Issue Id: 117185
If ITC is wrongly claimed excess or claimed though not eligible. 1) Under which Section it is mentioned that Interest is not required to be paid if ...
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Issue Id: 116464
we have filed the refund claim for our client under inverted duty structure. The show cause was issued and the refund claim was rejected in February ...
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Issue Id: 116367
Dear SirWe had received export order, against the order we procured the raw material and started processing the raw material, now the buyer wants to ...
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Issue Id: 116346
If the client has not charged one month rent from tenant of shop then whether gst is to be paid on it as there is rental agreement which fixed ...
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Issue Id: 116322
Interest is to be paid if tax liability is paid after the due date. However, my query is that what if we make the payment of tax liability before due ...
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Issue Id: 116320
X IS PROVIDING CATERING SERVICES IN THE PREMISES OF AN ENGG COLLEGE ,PAYING 5% GST ON SUPPLIES AND CLAIMING ITC ON INPUT SUPPLIES ,IS THIS CLAIM ...
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Issue Id: 116315
I have missed to show reverse charge on inward supplies in GSTR 3B for the month of June 2019. Now I have received a notice dated 29.02.2020 u/s ...
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Issue Id: 116292
Dear Sir Please clarify the below three queries: 1. Suppose an employer gives 60000/- in cash to his employee as gift. Will it cover in ...
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Issue Id: 116290
Dear Sir Please let me know that how we will show Schedule-I supply in GSTR-1 and GSTR-3B. Suppose a registered person gives his business asset ...
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Issue Id: 116285
Dear Sir,We used to send Auto/Tempo to pickup Materials from Transporters like Mahalingesh, Patel Roadways, TCI, VRL Etc. Driver will pickup the ...
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Issue Id: 116260
Is GST applicable on Honorarium money paid to individual by a govt Company?
Goods and Services Tax - GST
Issue Id: 116258
Dear Expert, The face Mask made from cotton fabric is taxable at what rate of tax and what is the HSN code for the same.
Goods and Services Tax - GST
Issue Id: 116248
Dear Experts, Hope you are all safe. Please stay safe.Ours is a Pharma manufacturing company and obtained license to manufacture Hand Sanitizer ...
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Issue Id: 116244
Hi All, At the time of filing GSTR-3B we have mistakenly claimed input as input received form ISD instead of RCM input How to resolve above ...
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Issue Id: 116243
1. If the seller gives me Credit Note with GSt on account of incentive then it will reduce my ITC. Henceforth, the Incentive shown in my books as ...
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Issue Id: 116242
Registered person of Ahmedabad (Gujarat) place an order to SEZ unit in Kandala (Gujarat). Ahmedabad person without bringing goods to Ahmedabad ...
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Issue Id: 116182
1. WE EXPORTED LEATHER GOODS, GST RATE ON LEATHER IS IS 5%. HOWEVER CHEMICAL USED IN PROCESS IS AT RATE OF 18%. IF I CHARGE IGST ON BILL THEN I ...
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Issue Id: 116175
A company is exporting material ,the sales order value is say 100. Company is sending material partially, and by mistake total invoice value against ...
Read Full Issue Accounting - Auditing
Issue Id: 116174
SirWhat is HSN code and GST rate on Hand Sanitizer.
Goods and Services Tax - GST
Showing 1 to 14 of 14 Results
IGST refund eligibility narrowed where suppliers availed specified notifications, impacting exporters importing under advance authorisation.
The Explanation added to Rule 96(10) by Notification No.16/2020 CT (23.03.2020) was given retrospective effect from 23.10.2017, but on reviewing the sequence of prior substitutions and the Gazette effective date of Notification No.54/2018, the Explanation should instead be effective from 09.10.2018. Absent corrigendum, retrospective application risks recovery of IGST refunds from exporters who imported under Advance Authorisation and paid IGST while availing only Basic Customs Duty exemption; the author urges CBIC to withdraw or correct the retrospective dating to avoid litigation and hardship. (AI Summary)
Goods and Services Tax - GST
GST return filing changes: monthly GSTR-3B retained while GSTR-2 and GSTR-3 implementation is deferred, with transitional relief.
Monthly filing of GSTR-3B with tax payment is required through March 2018; GSTR-2 and GSTR-3 implementation is deferred and a committee will determine modalities while GSTR-1 will be matched to GSTR-3B. Late fees for July-September 2017 delays are waived with amounts credited to the e-cash ledger; a per-day late fee applies from October 2017. Revised due dates for GSTR-1 and various other returns have been announced to stagger compliance. Composition levy rates and exemptions were adjusted and multiple goods had GST rates reduced, all subject to formal CGST/SGST/IGST notifications. (AI Summary)
Goods and Services Tax - GST
GST migration requires provisional ID enrollment, PAN verification, document uploads, OTP authentication, and digital signing of the application.
Migration to GST uses a provisionally issued GST Identification Number (Provisional ID) to enroll on the GST common portal. Taxpayers must verify contact details via OTPs, create portal credentials, complete an enrolment form providing business, promoter/authorized signatory, principal place of business, goods/services and bank account details, upload prescribed documents in specified formats and sizes, and submit the application digitally signed (DSC or Aadhaar e sign where eligible) for state verification and final registration. (AI Summary)
Goods and Services Tax - GST
Transitional GST credits: carry forward admissible pre GST tax credits into electronic GST ledgers subject to prescribed conditions.
Mechanisms require migration of existing registrants on a provisional basis, deem prior tax officers as GST officers, and permit carryforward of admissible pre GST credits (CENVAT, VAT, entry tax) into electronic CGST/SGST ledgers as opening balances. Specific rules govern unavailed capital goods credit, inputs in stock, in transit supplies, composition to regular switches, agent and job worker scenarios, and processing of pending refund and credit claims under earlier law, subject to prescribed documentation, time limits and admissibility conditions. (AI Summary)
Goods and Services Tax - GST
Input tax credit rules under GST define eligibility, restrictions, time limits and refund/transfer mechanisms for business supplies.
The Model GST Law ties Input Tax Credit to supply rather than manufacture, defining taxable "input", "input service" and "capital goods" and listing express exclusions. It sets eligibility conditions-timely registration, possession of prescribed invoices, receipt of goods/services, supplier's tax paid and return filing-and prescribes time-limits, transitional transfer rules, apportionment between taxable and exempt supplies, job-work return periods, capital goods treatment, and distribution/recovery mechanisms for credits through Input Service Distributors. (AI Summary)
Goods and Services Tax - GST
Transitional GST provisions secure carryforward of admissible input tax credits while imposing procedural compliance for migration.
Transitional rules provide provisional migration of existing registrants, deemed appointment of existing tax officers, and carryforward of admissible CENVAT, excise, service tax and VAT credits into electronic CGST/SGST input ledgers. Credits for unavailed capital goods, inputs, WIP and goods with agents are allowed subject to admissibility, declaration and invoice conditions; recoverable credits remain tax arrears and pending claims and proceedings are to be finalized under earlier laws with cash settlement or recovery as arrears. (AI Summary)
Goods and Services Tax - GST
Zero rated supply: exporters can claim refund or rebate of input tax to neutralise taxes on exports under GST regime.
Exports are zero rated supply under GST, permitting exporters to obtain either refund of tax paid on inputs and input services or rebate on finished goods; refunds cover tax on inputs, input services and unutilised input tax credit, are subject to documentary proof of export, follow a defined relevant date timeline, may be partially disbursed pending verification, and must be processed within a prescribed maximum period. (AI Summary)
Goods and Services Tax - GST
GST treatment of Duty Credit Scrips requires inclusion to prevent stranded export incentives and working capital strain.
The Model GST Law lacks provisions to (1) permit utilisation of Duty Credit Scrips (MEIS/SEIS) for payment of GST and (2) specify that duties discharged via such scrips or as CVD/SAD on imports qualify as input tax credit. Absent transitional rules aligned with FTP for Advance Authorisation/EPCG imports, and clear GST treatment for supplies to EOUs/STPI/mega projects, temporary imports, and warehouse movements, exporters and importers face increased working capital outflows, stranded incentives, and compliance uncertainty. The author urges DGFT inclusion in GST Council and MOF-MOC coordination to amend GST provisions accordingly. (AI Summary)
Goods and Services Tax - GST
Goods and Services Tax: unified supply tax with CGST/SGST/IGST, input tax credit rules, registration and transitional measures.
GST creates CGST, SGST and IGST as a unified supply-based tax with specific rules for utilization and priority of input tax credit, place of supply determinations for goods and services, and comprehensive registration, invoicing, payment, refund and reverse-charge provisions; transitional measures allow carry forward of CENVAT/VAT credits, credit for inputs and capital goods on the appointed day, and set out treatment of pending claims and adjustments when migrating to GST. (AI Summary)
Goods and Services Tax - GST
Goods and Services Tax centralises indirect levies, mandates online registration and matching based input tax credit compliance.
GST reorganises indirect taxation by subsuming central and state levies into CGST/SGST for intra state supplies and IGST for inter state supplies, instituting destination based taxation, a 15 digit unified registration and online compliance. Key operative features include place and time of supply rules, an Input Tax Credit regime conditioned on supplier matching and payment, composition levy constraints, electronic payment and ledgering, refund mechanisms, and transitional provisions preserving eligible CENVAT credits and handling stock and job work during switchover. (AI Summary)
Goods and Services Tax - GST
Interest equalisation on rupee export credit: banks must pass benefit to eligible exporters and claim monthly reimbursement.
An Interest Equalisation scheme grants concessional treatment on pre and post shipment rupee export credit for eligible exporters under notified tariff lines and MSMEs; banks must fully pass the benefit to exporters, reduce interest rates for eligible advances, and submit sector wise monthly reimbursement claims to RBI with an external auditor's certificate; eligibility requires compliance with Rules of Origin (Non Preferential) minimum processing and certain product groups face additional value addition conditions; reimbursements are made monthly from government funds via a revolving fund and RBI reports commodity wise and bank wise disbursements. (AI Summary)
Customs - Import - Export - SEZ
Exemption condition for textile goods: inputs must have appropriate excise duty paid and no CENVAT credit, clarification preserves nil rated inputs.
Notification No. 34/2015 conditions the textile finished goods exemption on manufacture from inputs on which the appropriate excise duty leviable has been paid and for which the manufacturer has not taken CENVAT credit; this spawned divergent views about whether nil rated or exempt inputs disqualify the exemption and created compliance burden from the supplier verification requirement. Subsequent departmental inconsistency prompted trade notices and their withdrawal, and a later CBEC clarification restored that "appropriate" duty includes inputs chargeable at nil or concessional rates, removing immediate registration and stock declaration requirements. (AI Summary)
Central Excise
Budget 2015-16 expands service tax scope, revises customs/excise duties, and tightens compliance and penalty rules.
Budget 2015-16 adjusts central excise and customs duties across categories, reduces duties on specified inputs to support manufacturing, raises certain cess and tariffs, extends concessions for electric vehicle parts, and reforms compliance by extending CENVAT claim periods, enabling direct dispatch and electronic records. Service tax scope and valuation rules are widened by amending negative list exemptions, standardising abatements and expanding reverse charge; Cenvat rules allow credit for partial reverse charge. Penalty provisions and timelines are rationalised to incentivise early compliance, while direct-tax deductions and limits are increased to provide relief to individuals. (AI Summary)
Budget - Tax Proposals
Goods and Services Tax unifies central and state levies into CGST/SGST with IGST, input credit rules, governance and compensation measures.
GST is a destination-based, value-addition tax intended to subsume numerous central and state levies into a dual CGST/SGST model with IGST for inter-state supplies; it prescribes cross-utilisation rules for input tax credits, rate categories for necessities and industrial goods, a constitutional amendment and GST Council for governance, transitional and compensation arrangements including a temporary 1% inter-state levy and staged state revenue compensation, and operational measures on registration, invoicing, returns, refunds and exemptions to reduce cascading taxes and transaction costs. (AI Summary)
Goods and Services Tax - GST
TaxTMI 
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08 Nov 2025 
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