Articles by CA Roopa Nayak

ITC on Food/Drink related expenses

CA Roopa Nayak 17 June 2022 at 09:21

In this context in the article the paper writer has examined the eligibility to food/drink credit, more specifically ITC on canteen credit, the issues therein and important decisions.

Posted in GST | 9114 Views

Input tax credit on insurance expenses under GST

CA Roopa Nayak 14 June 2022 at 15:08

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.

Posted in GST | 2 comments | 11253 Views

GST paid during search, inspection, investigation

CA Roopa Nayak 30 May 2022 at 08:28

The latest CBIC instruction No. 01/2022-23 GST - Investigation addresses the context of deposit of tax during the course of search, inspection or investigation. In this backdrop, the paper writer has analysed the implications of this instruction for assessees.

Posted in GST | 2532 Views

Employee recoveries and GST implications

CA Roopa Nayak 14 March 2022 at 12:03

In this background, the paper writer has examined in light of recent developments whether GST to be paid on recoveries made from employees by company.

Posted in GST | 1 comments | 5877 Views

GST Exemption upto Rs.7500 to Residential Welfare Association

CA Roopa Nayak 08 September 2021 at 09:41

The recent judgment of the HC in Greenwood Owners Association vs. UOI has held that it is only contributions to RWA in excess of Rs.7,500/- that would be taxable under the GST Act.

Posted in GST | 1 comments | 7953 Views

ITC - Sales promotion vs gifts under GST

CA Roopa Nayak 05 July 2021 at 09:01

In this article, the paper writer has examined the sales promotion expenses incurred, the eligibility to avail credit on these expenses and the restricted credit on gifts.

Posted in GST | 2 comments | 31380 Views

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 | 7893 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 | 14700 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 | 9747 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 | 31431 Views