Articles by CA Roopa Nayak

Exemption from GST for Residential Welfare Association - An Update

CA Roopa Nayak 13 August 2019 at 11:17

BackgroundIn the past under erstwhile service tax laws, several of the RWA�s had been citing mutuality concept to claim exclusion from tax net. The doctri

Posted in GST | 7629 Views

Update on GST-Construction done for landlord under Joint Development Agreements after April 2019

CA Roopa Nayak 13 August 2019 at 11:17

BackgroundJoint development agreements or JDA, are entered into by the land owners with developers. The land owners may not be having the resources or technical..

Posted in GST | 2 comments | 13497 Views

Construction credit under GST - Safari decision

CA Roopa Nayak 04 June 2019 at 12:14

Background Every supplier shall be liable to be registered in the state from where he makes taxable supplies of goods/services, if aggregate turnover in financi..

Posted in GST | 3 comments | 9402 Views

Interest payable on net or gross tax liability under GST

CA Roopa Nayak 01 June 2019 at 14:00

Introduction Under the GST law, filing of returns, availment of input tax credit, payment of taxes is done on-line through GST portal. All assesses are required..

Posted in GST | 11 comments | 30978 Views

ITC on motor vehicle credit

CA Roopa Nayak 28 March 2019 at 11:40

BackgroundInput tax credit can be availed on the goods/services used in course of business of making taxable supplies of goods/services or exports. The credit c..

Posted in GST | 16 comments | 40494 Views

ITC on employee expenses

CA Roopa Nayak 25 March 2019 at 12:42

Background The GST law sets out that every registered taxable person who carries on any business at any place in India/State, shall be entitled to take..

Posted in GST | 15 comments | 70161 Views

ITC on gifts under GST

CA Roopa Nayak 12 March 2019 at 11:26

Background Every registered person is eligible to avail credit of input tax charged on any supply of goods or services, which are used in the course or �f

Posted in GST | 1 comments | 79353 Views

Free of Cost materials and valuation under GST

CA Roopa Nayak 19 February 2019 at 11:10

Introduction:Valuation of the goods/service is one of the important aspects as to computation of GST for any assessee. Many a times instead of supplier of good..

Posted in GST | 1 comments | 18000 Views

Employee recoveries - GST implications

CA Roopa Nayak 18 February 2019 at 13:16

Background Under GST regime wef 1.7.2017, tax is applicable on supply of goods/services done for a consideration. GST is applicable on goods [moveable property]..

Posted in GST | 3 comments | 23556 Views

Construction related credit & availment of credit for 2017-18

CA Roopa Nayak 24 October 2018 at 11:15

Background It is seen that there has been a lot of confusion in the minds of assesses on whether to avail credit of GST paid on the construction of immoveable p..

Posted in GST | 3 comments | 7530 Views