Royalty is the consideration which is charged by the state government from mine owners on account of excavation from mines which belong to state government.
It is seen that most of the scrutiny proceedings are initiated on the basis of alleged mismatches between the ITC claimed in GSTR-3B and that reflected in 2A for the FY 17-18 in particular. The department has been issuing ASMT-10, DRC-01A and DRC-01 in such cases based on relevant provisions of the Act.
In this article the paper writer has examined the major kinds of insurance expenses incurred by the taxpayer and the restrictions and eligibility to the credit thereof, relevant decisions in this context as well.
Important clarifications/ amendments issued by the Government on GST in May/ June 2022 along with compliance timelines in June 2022
In a recent decision of Gujarat High Court in case of Munjaal Manishbhai Bhatt vs UoI & Ors. High Court held that value of land can be excluded from levy of..
In this article we would be discussing how to manage the recent barrage of notices, and the possible actions and activities one may take up to resolve the problem being faced across the GST taxpayer community.
Once supply is made it is crucial to determine the Time of supply "event triggering the liability". Therefore it is of utmost importance to understand the time of supply which is provided in Section 12/13/14 of CGST Act,2017 and section 20 of IGST Act,2017.
GSTR-1 is a monthly filing on 10 of Subsequent Month which discloses GST liability of Taxpayer.
This book focuses only on the GST Scrutiny aspects. Scrutiny is new topic for GST.
GST ASMT-10 is merely a notice where discrepancies are found and intimated to the taxpayers. Hence there is no personal hearing in ASMT-10.
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