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Articles by VIVEK JALAN

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Analysis of taxability of personal guarantee and corporate guarantee under GST from October 2023

  VIVEK JALAN    30 October 2023 at 14:22

Whether GST on Corporate guarantees provided by one person to another is applicable retrospectively or prospectively from 26th October 2023?



GST Treatment of Gold Coins & White Goods as Dealer Incentives

  VIVEK JALAN    27 October 2023 at 14:15

Gold Coins / white goods given free by principals to dealers for achieving targets are supply under GST



GST Cash Ledger Credit: Cash Payment or Contempt Dilemma?

  VIVEK JALAN    20 October 2023 at 08:58

Can GST Amount credited in Cash Ledger be considered as cash payment or not? Commissioner shall follow High Court directions or appeal against but cannot act in contempt



A Comprehensive Guide to Filing Form 10-IFA under Rule 21AHA for New Manufacturing Cooperatives

  VIVEK JALAN    18 October 2023 at 14:02

Filing of Form 10-IFA vide Rule 21AHA by new manufacturing cooperatives to avail benefit of concessional rate of Income Tax



New Inventory Valuation guidelines under Income Tax

  VIVEK JALAN    14 October 2023 at 09:07

The Finance Act 2023 has taken a major step forward by introducing the concept of inventory valuations by Cost Accountants in specific cases, as granted by Section 142(2A) of the Income Tax Act.



Streamlined Lower TDS Procedure: Online Consumption Statement

  VIVEK JALAN    10 October 2023 at 14:06

Procedure for Lower TDS u/r 28AA streamlined; Consumption Statement to be available online to deductors



Deemed Rent Calculation for Unsold Flats: The Crucial Role of Municipal Value

  VIVEK JALAN    28 September 2023 at 09:11

Unsold flats to be considered for deemed rent under Income from House Property from date of CC… but Municipal Value to be considered as Annual Letting Value



Vague SCN may be non-maintainable but can be practically handled better

  VIVEK JALAN    23 September 2023 at 10:38

GST Cases sometimes remind us of Charlie Chaplin Shows. However, these shows may be better handled by taxpayers at the adjudicating level itself in case they co..



Practical Application of GST on Gaming & Gambling vide Rule 31B & Rule 31C: Explanation with examples

  VIVEK JALAN    22 September 2023 at 09:10

Rule 31B of The CGST Rules inserted vide Not No 45/2023, provides for determining the Value of supply in case of online gaming including online money gaming



Revenue Vs Capital Expenditure & Depreciation on Capital Expenditure: The argument continues

  VIVEK JALAN    20 September 2023 at 08:53

By terminating the services of a vendor, an assessee may intend to save the expense that it would have had to incur in the relevant previous year as well as for few more years going ahead. However, it cannot be said that this saving is an enduring benefit or has resulted in creating an asset.