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Articles by CA Roopa Nayak

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ISD and Budget 2024 Proposal under GST

  CA Roopa Nayak    05 February 2024 at 10:37

In this background, the Budget 2024 has proposed amendment to make distribution of common credit mandatorily by ISD route. This proposal is yet to be notified. The author has examined the ISD concept and the implications of the latest proposals.

Export of services and receipt of consideration under GST

  CA Roopa Nayak    22 January 2024 at 10:25

BackgroundIn the GST law, the export of goods/services are zero-rated supplies under the IGST act. The intention of the Government is to promote exports from th..

Time limit to avail ITC in Section 16(4) - GST and Recent Judgements

  CA Roopa Nayak    15 January 2024 at 17:41

In this article, the paper writer has examined the relevant decisions wrt 16(4) as well as the validity of credit availed post such due dates.

Personal Guarantee by Directors and GST

  CA Roopa Nayak    13 January 2024 at 10:13

BackgroundIn the past few years,under GST regime, there had been notices being issued demanding GST on guarantees given in respect of loans by director of compa..

Discounts and Incentives - Implications under GST

  CA Roopa Nayak    08 January 2024 at 12:09

BackgroundIn GST regime, the dept has been issuing notices, making tax demands on discounts and incentives given to the suppliers, especially in context of deal..

GST implications - Reimbursed Electricity Charges

  CA Roopa Nayak    01 January 2024 at 09:03

BackgroundIn recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, c..

Hostels/PGs and GST exemption for residential accommodation

  CA Roopa Nayak    20 November 2023 at 08:51

In this backdrop, the paper writer has examined GST exemptions available to this sector under GST,as well as whether GST would be liable on renting of residential accommodation as well as on hostels charging upto Rs.1000 per day per unit post 18.7.2022.

Cross Charge under GST - Recent Developments

  CA Roopa Nayak    03 August 2023 at 09:53

In this backdrop, the latest circular 199/11/2023 was issued regarding ISD mechanism, tax on the input services procured by HO for branches as well as clarifying on services supplied between branch offices of entity in different states.

Common issues raised in GST dept audit

  CA Roopa Nayak    15 May 2023 at 11:13

In the course of audit done by dept under section 65 of the CGST Act, certain issues/objections could be raised. The assesses have to carefully examine the matter, give their explanation.

ITC and CSR Expenses

  CA Roopa Nayak    11 February 2023 at 12:48

In this article, the author has examined the eligibility of ITC on expenses related to CSR, in light of the proposed amendment in Budget 2023.