
Adv. CA Ram Akshya
LEADER – GST, CUSTOMS & FTP
Contact Info
Ram Akshya, a Law graduate is also a Fellow Chartered Accountant having more than 18 years of experience in Indirect Tax matters. Ram started his professional career with Reliance Industries Ltd., Mumbai as a Manager in their Corporate ‘Legal Compliance Cell’. He then worked with PwC and E&Y in their Indirect Tax practice for more than 6 years. In 2014 & 2015, Ram led the Indirect Tax COE at EY Gurugram. Ram also worked in SS Kothari Mehta & Co. as Director in its IDT practice. Ram started doing own specialized practice in GST and Indirect Taxes in the beginning of 2019 and is expanding it rapidly with his ‘quality delivery’ as well as ‘value added services’. Ram’s core specialization is in GST, Customs, FTP, all India VAT & Service Tax law. He has worked extensively for Fortune 500 clients. He has also contributed in developing tax technologies / solutions meant for simplifying the tax management and compliances across all segments. Ram is an Author, Speaker, Writer on GST matters, also a regular contributor to many publications, journals and columns in Economic Times. Ram has authored India’s first book on E-commerce transactions named “E-COMMERCE OPERATORS (Law, Practice and Procedures)” and also authored “EQUALISATION LEVY (Law & Procedure)”. Ram has been extensively involved in advising multinational and domestic companies across a range of sectors such as manufacturing, Oil & Gas, Petrochemicals, Pharma, Agriculture, Real Estate, Auto, Infrastructure, Housing, FMCG, Electronics, Telecom, Power, IT, Financial, etc. Ram has handled implementation of GST in large Corporates. Ram has been providing GST consultancy to many large corporates and is a torch bearer for exceptional client service. Contact No.: 9650482999, Email: [email protected]
No issues posted by the user yet!
No replies have been made yet!
Showing 1 to 3 of 3 Results
Goods and Services Tax reforms urged: correct inverted duties, protect input tax credit, centralize audits, ease e way rules.
Proposals seek correction of the Inverted Duty Structure to prevent accumulation of Input Tax Credit, including pharmaceutical rate rationalisation and amendment of Rule 89(5) to allow refunds for input services and capital goods. Procedural reforms recommend centralised audits for multi state operators, amendment to allow recipients undisputed entitlement to input tax credit with recovery from suppliers, prohibition of retrospective cancellation of registration based on absence at the principal place of business, and an exemption in Rule 138 from E way bill requirements for intra municipal or short distance movements to ease MSME compliance. (AI Summary)
Goods and Services Tax - GST
GST enforcement should shift from presuming fraud to facilitating compliance to reduce disputes and economic friction.
GST enforcement practices are producing frequent show cause notices and audits based on return mismatches, documentation errors, or vendor mistakes rather than clear evidence, causing allegations of fraudulent activity. Administrative actions include blocking of Input Tax Credit, delayed refunds, and registration rejections despite taxpayer replies. The article stresses the need for administrative sensitivity and accountability, and for technology to facilitate compliance instead of presuming malfeasance, to reduce litigation and support economic growth. (AI Summary)
Goods and Services Tax - GST
Electronic record authentication under GST requires digital signature, retention of records, and disclosure on demand.
Maintenance and preservation of books, documents and electronic records under GST requires broad coverage of written and electronic material, digital authentication of electronic records with edit logs and backups, production on demand in readable form, and maintenance of specified accounts at registered places of business covering manufacture, supplies, stock, tax details, reverse charge transactions and related supplier/recipient particulars. (AI Summary)
Goods and Services Tax - GST