Articles by CA Roopa Nayak

Employee recoveries and GST implications

Posted by CA Roopa Nayak 14 March 2022 17015 Views

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.

GST Exemption upto Rs.7500 to Residential Welfare Association

Posted by CA Roopa Nayak 13 September 2021 10269 Views

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.

ITC - Sales promotion vs gifts under GST

Posted by CA Roopa Nayak 07 July 2021 77054 Views

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.

Eligibility of Input Tax Credit under GST

Posted by CA Roopa Nayak 17 April 2021 12410 Views

BackgroundIn GST regime, input tax credit is available to registered person on goods and services used in course of business of making taxable supplies, subject...

Exemption from GST for Residential Welfare Association - An Update

Posted by CA Roopa Nayak 09 February 2020 8656 Views

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

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

Posted by CA Roopa Nayak 09 February 2020 17192 Views

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...

Construction credit under GST - Safari decision

Posted by CA Roopa Nayak 01 December 2019 11364 Views

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...

Interest payable on net or gross tax liability under GST

Posted by CA Roopa Nayak 28 November 2019 32877 Views

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...

ITC on motor vehicle credit

Posted by CA Roopa Nayak 24 September 2019 45605 Views

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...

ITC on employee expenses

Posted by CA Roopa Nayak 21 September 2019 78342 Views

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...