Articles by Pradeep Jain

Clarification in respect of challenges in implementation of provisions of GST Laws vide circular no. 137

Pradeep Jain 16 April 2020 at 19:03

Circular No. 137/07/2020-GST dated 13.04.2020 has been issued providing clarifications regarding certain challenges being faced by taxpayers in adhering to the compliance requirements under various other provisions of the CGST Act.

GST regime Carry forward of ITC not reflected in revised ST-3 by filing Tran-1

Pradeep Jain 16 April 2020 at 10:57

We have come across number of decisions allowing the benefit of carrying forward the credit in GST regime on account of various technical glitches occurred in filing of TRAN-1 by various High Courts.

Update on foreign trade policy 2015-20

Pradeep Jain 13 April 2020 at 11:02

The Central Govt. has made following changes, with immediate effect in respect of Foreign Trade Policy 2015-20 vide notification no. 57/2015-2020 dated 31st Mar..

GST Update on Demerger of organisation

Pradeep Jain 09 April 2020 at 11:25

On 14th March 2020, council meeting was held wherein few decisions were taken and few were postponed. In this update we shall discuss one of the decisions taken with regard to the procedure in case of sale, merger, de merger of business

GST Update on refund related issues

Pradeep Jain 07 April 2020 at 10:36

Clarifications were issued by CBIC on GST refund related issues. It has been decided to remove the restriction on clubbing of tax periods across Financial Years. There are guidelines for a refund of ITC and the new requirement to mention HSN/SAC Code.