Articles by CA Roopa Nayak

ISD and Budget 2024 Proposal under GST

Posted by CA Roopa Nayak 05 February 2024 7490 Views

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

Posted by CA Roopa Nayak 22 January 2024 8310 Views

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...

Personal Guarantee by Directors and GST

Posted by CA Roopa Nayak 13 January 2024 2878 Views

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

Posted by CA Roopa Nayak 08 January 2024 23570 Views

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

Posted by CA Roopa Nayak 01 January 2024 11754 Views

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...

ITC on Food/Drink related expenses

Posted by CA Roopa Nayak 23 December 2023 66963 Views

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.

ITC on gifts under GST

Posted by CA Roopa Nayak 22 December 2023 162281 Views

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

Hostels/PGs and GST exemption for residential accommodation

Posted by CA Roopa Nayak 20 November 2023 14259 Views

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

Posted by CA Roopa Nayak 03 August 2023 9541 Views

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.

Input tax credit on insurance expenses under GST

Posted by CA Roopa Nayak 03 June 2023 167326 Views

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.