Articles by Udaya Chandran

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Assessment of Non-filers of Return under Section 62 of CGST Act

  Udaya Chandran    02 February 2024 at 08:53

Where a registered person fails to furnish monthly or quarterly returns under Section 39 or the final return under Section 45, a notice in Form GSTR-3A shall be issued by the proper officer requiring him to furnish such returns within 15 days under Section 46.

Posted in GST |   607 Views

Availability of ITC for the Supplies Obligatory for an Employer to its Employees

  Udaya Chandran    09 September 2023 at 08:51

There was confusion whether the proviso applies to all the above-mentioned services or not.  The same was clarified vide Circular No.172/04/2022-GST dated 6th July 2022.

Posted in GST |   1492 Views

Conditions for Export Supplies made under Bond or LUT - Rule 96A

  Udaya Chandran    10 June 2023 at 14:17

The Government takes a number of steps to make exporting easier in order to promote exports. As long as the exporter complies with specific requirements, expor..

Posted in GST  3 comments |   17503 Views

Whether Payment for Supplies can be made by Book Adjustments for availing ITC

  Udaya Chandran    14 November 2021 at 11:57

There has been a confusion among the dealers whether the consideration for supplies can be paid by book adjustments under GST Act. In many businesses, the dealers buy and sell goods or services from one another for which they don’t make payment in cash rather they adjust the book entries for such purchases and sales.

Posted in GST  2 comments |   6256 Views

List of Goods and Services not Eligible for Input Tax Credit under GST

  Udaya Chandran    19 December 2018 at 11:06

According to Section 17, the input tax credit is available only to the extent of the good

Posted in GST  17 comments |   44100 Views

Important Points for Job Work under GST

  Udaya Chandran    30 March 2018 at 12:24

DefinitionJob work: Any treatment or process undertaken by a person on goods belonging to another registered personPrincipal: The registered person on whose goo..

Posted in GST |   15556 Views

Determination of Time of Supply of Goods

  Udaya Chandran    13 March 2018 at 10:36

The liability to pay tax arises at the time of supply, time of supply is determined as per the below provisions:Time of

Posted in GST  10 comments |   17265 Views

Determination of Inter and Intra State Supplies

  Udaya Chandran    26 February 2018 at 11:13

As per Section 5 of IGST Act, Integrated Goods and Service Tax (IGST) will be levied on all inter-state supplies of goods or services or both.As per Section 9 o..

Posted in GST |   6210 Views

GST Supplies without Consideration

  Udaya Chandran    07 February 2018 at 10:56

As per the Section 7(c) of GST Act, there are activities which are considered as supply for the purpose of this Act even without consideration. The Schedule I ..

Posted in GST |   18846 Views

Interest rates under GST

  Udaya Chandran    29 January 2018 at 11:15

As per Notification No.13/2017 � Central Tax dated 28th June 2017; the following interest rates have been notified for different cases under GST.Interest

Posted in GST |   11892 Views