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Articles by Bimal Jain

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Recovery of self-assessed tax

  Bimal Jain    22 February 2021 at 11:00

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 105 of the Finance Bill, 2021 with respect to recovery of self- assessed tax.

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Posted in GST |   1293 Views


Can GST department provisionally attach Property/Bank Account of any Person?

  Bimal Jain    22 February 2021 at 10:59

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 106 of the Finance Bill, 2021 with respect to provisional attachment of property/bank account.

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Posted in GST |   2124 Views


GST Charcha on Union Budget 2021: Changes in scope of zero-rated supplies

  Bimal Jain    18 February 2021 at 17:31

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 114 of the Finance Bill, 2021 to with respect to changes in scope of zero-rated supplies.

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Posted in GST |   5226 Views


GST Charcha on Union Budget 2021: Interest leviable only on Net Tax Liability

  Bimal Jain    18 February 2021 at 09:56

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 103 of the Finance Bill, 2021 to provide certainty as to leviability of interest only on Net Tax Liability.

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Posted in GST |   1338 Views


GST Charcha on Union Budget 2021: GST Audit by professionals scrapped?

  Bimal Jain    18 February 2021 at 09:56

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 101, 102 and 112 of the Finance Bill, 2021 with respect to scrapping GST Audit by professionals and moving to self-certification.

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Posted in GST |   3513 Views


GST Charcha on Union Budget 2021

  Bimal Jain    13 February 2021 at 17:17

This GST Charcha deciphers into recent changes in the GST Laws made vide Clause No. 99 and 113 of the Finance Bill, 2021 on the issue whether GST is leviable on services provided by Club or Association to its members?

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Posted in GST |   5301 Views


Key Highlights of Direct Tax Proposals

  Bimal Jain    02 February 2021 at 12:29

This document summarises the key highlights of the Direct Tax Proposals of the Union Budget 2021, for easy digest. The budget, which rests on 6 pillars, was announced by FM on 1st Feb 21.

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Posted in Union Budget |   10632 Views


Key Highlights of Changes under the GST Law

  Bimal Jain    02 February 2021 at 12:29

This document summarises the changes made/proposed in the Union Budget 2021, under the GST Law – Section wise, in a comparative manner, for easy digest.

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Posted in Union Budget |   11793 Views


Key Highlights of Changes under the Customs and Excise

  Bimal Jain    02 February 2021 at 11:44

This document summarises the changes made/proposed in the Union Budget 2021, under Customs and Excise - Section wise in a comparative manner, for easy digest.

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Posted in Union Budget |   1020 Views


Rule 36(4) amended to reduce ITC entitlement for invoices not furnished by supplier from 10% to 5%

  Bimal Jain    14 January 2021 at 10:28

CBIC, vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has issued CGST (Fourteenth Amendment) Rules, 2020, inter alia, amending Rule 36(4) of the CGST Rules, 2017 w.e.f. January 1, 2021

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Posted in GST  2 comments |   14298 Views