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Articles by Amit Harkhani

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GST Implication on Housing Societies or Residential Welfare Associations (RWA)

  Amit Harkhani    30 April 2021 at 10:26

Co-operative Housing Societies are entities registered under the co-operative laws of the respective states. In this article, we discuss the GST implication on Housing Societies and Residential Welfare Associations.

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Posted in GST  10 comments |   5610 Views


Slump sale under GST

  Amit Harkhani    28 April 2021 at 10:02

Slump-Sale is the sale of an undertaking as a going concern for a single consideration. In this article, we will discuss the implication of tax in slump-sale as far as GST is concerned.

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Posted in GST  5 comments |   8601 Views


GST Implication on Lease & Sale of Motor vehicles

  Amit Harkhani    28 April 2021 at 09:49

GST is applicable only if transactions constitute the supply. If there is no supply, no GST will be charged. Let us understand the GST implication on lease and sale of motor vehicles.

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Posted in GST  3 comments |   5196 Views


Whether tax paid on intra-state inward supply in one state can be used to pay output tax liability in another state

  Amit Harkhani    25 February 2021 at 09:58

A combined reading of Section 16(1) of CGST Act, 2017 and definitions it is concluded that registered persons can avail ITC (IGST & CGST & SGST) u/s 16(1) of CGST Act, 2017 and not separately under respective Acts.

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Posted in GST  4 comments |   4050 Views


Analysis of Eight Terms of Supply

  Amit Harkhani    13 February 2021 at 16:34

In this article, we will discuss the Eight Terms of Supply i.e Sale, Transfer, Barter, Exchange, Lease, Rental, License, and Disposal.

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Posted in GST |   2118 Views


Rule 86B under GST | Restriction on Utilisation of ITC in Electronic Credit Ledger

  Amit Harkhani    02 February 2021 at 09:12

The ITC available in the electronic credit ledger could always be fully utilised for discharging the output tax liability. The new Rule 86B has limited the use of ITC balance for paying its output tax liability.

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Posted in GST  12 comments |   7056 Views


All you need to know about QRMP Scheme

  Amit Harkhani    28 January 2021 at 16:39

Discussing the Eligibility, Exercising Option, Details of Outward Supplies, Payment of Tax, GSTR-3B Filing and Applicability of interest and late fee w.r.t the QRMP Scheme.

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Posted in GST  4 comments |   12888 Views


GST Impact on Sale of Capital Goods (Business Assets)

  Amit Harkhani    27 January 2021 at 09:51

In this article, we will discuss the GST impact on Sale of Capital Goods (i.e. Business Assets), including the provision of supply.

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Posted in GST |   2814 Views


GST Implications on Bad Debts

  Amit Harkhani    12 August 2020 at 12:39

In this article we will discuss the GST Implication on Bad Debts. Bad debts are not allowed for the reduction in GST liability.

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Posted in GST  1 comments |   14055 Views


Value of Taxable Supply under GST

  Amit Harkhani    17 July 2020 at 11:28

The value of a taxable supply of goods or services or both shall be the "TRANSACTION VALUE". Transaction Value is a combination of three elements.

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Posted in GST |   7029 Views