Pritam Mahure
35 articles written by Pritam Mahure on ConsultEase.
“Comprehensive GST Circulars & Instructions : Key Clarifications from 2017 to 2024”
Complete Circulars From 2017 to 2024 : 2024 Circulars : 1. Rule 96 (10) Clarification – Guidance on Rule 96(10) regarding refund of IGST on exports. 2. Place of Supply (POS) for Data Hosting Services – Clarifies the determination of POS for such services. 3.
Comprehensive Guide to Amended GST Rules 2024: Registration, Valuation, Invoicing, and Compliance
The Amended Rules Under Notification 12/2024 for the Goods and Services Tax (GST) in India. These rules encompass various aspects of GST administration and compliance, including registration, valuation, input tax credit, invoicing, refunds, appeals, and more. Key highlights include: Registration Rules: Rules 8, 21, and
Comprehensive GST Circulars: Clarifications and Guidelines (2017-2024)
The index provides an extensive list of circulars issued under the Goods and Services Tax (GST) regulations from 2017 to 2024. It is organized chronologically, detailing circular numbers, issuance dates, and topics covered, which include clarifications, guidelines, and procedures on various aspects of GST. Key
CGST ACT AND IGST ACT AMENDMENT PROPOSED BY FB, 2024 IN TRACK-CHANGE MODE
CGST Act,2017 SECTION 9. Levy and collection. SECTION 11A. Power not to recover GST not levied or short-levied. SECTION 13. Time of supply of services. SECTION 16. Eligibility and conditions for taking input tax credit. SECTION 17. Apportionment of credit and blocked credits. SECTION 30.
HIGH COURT ON ITC – GARGO TRADERS 5 THINGS YOU MUST KNOW
Purchases were made in November 2018 (GST registration was active), however, GST registration of the supplier was canceled retrospectively from October 2018! Buyer must verify registration and supporting documents! The main contention of the petitioner is that the transactions in question are genuine and valid
GST Compliance43rd GST Council Meeting Things You Must Know!
Overview No. of GSTC Meetings 18 Meetings→ Pre–GST(Before 01.07.17) 8 Meetings→ 2018–2019 3 Meetings → 2020–2021 2017–2018→ 8 Meetings 2019–2020→ 5 Meetings Reducing Frequency? 40th Meeting→ 12th June 2020 After 89 days 41st Meeting→ 27th August 2020 After 75 days 42nd Meeting→ 5th October 2020
Budget 2021 – GST Things You Must Know!
Budget 2021 – GST Things You Must Know! Section 7. Scope of supply (To be amended w.e.f. 1.07.2017) For the purposes of this Act, the expression “supply” includes — (a) all forms of supply of goods or services or both such as sale, transfer, barter,
Major Changes in GST Rules!
Major Changes in GST Rules! How many times the Rules amended? 2017 → 14 times 2018 → 14 times 2019 → 9 times 2020 → 14 times Total → 51 times! What’s new – Changes made through Not. No. 94/2020-CT! Input Tax Credit Returns Re-conciliation Registration Legal provisions Changes!
E-invoicing
What is E-invoicing? Electronic invoicing / e-invoicing is a form of electronic billing! Why E-invoicing? E-invoicing is increasingly mandated by Governments across the world, particularly due to GST/VAT evasion Real-time invoice reporting discourages subsequent fraudulent changes/ adjustment Real-time reading of invoice/ data by Government Machines
E-invoicing in India!
E-invoicing in India! Concept and Challenges! E-invoicing – Status update! Already implemented – 1.10.2020 → • Aggregate turnover above INR 500 crore! From – 1.01.2021 → • Aggregate turnover between INR 100 crore to 500 crores (Vide Not. No. 88/2020-CT) Likely from – 01.04.2021 → • Aggregate turnover above INR 5
E-invoicing in India! Concept and Challenges!
E-invoicing in India! Concept and Challenges! E-invoicing – Status update! Already implemented – 1.10.2020 → • Aggregate turnover above INR 500 crore! Likely from – 1.01.2021 → • Aggregate turnover between INR 100 crore to 500 crores! Likely from – 1.04.2021 → • Aggregate turnover below INR 100 crore!
GST ‘Intermediary’ Services
GST ‘Intermediary’ Services Agent – Positive List regime Agent – Evolution! “Commission Agent” • Not. No. 13/2003 dated 20.06.2003 to exempt ‘Commission Agent’ services • Explanation.– For the purposes of this notification, “commission agent” means a person who causes sale or purchase of goods, on