Articles by CA Amit Harkhani

GST Refund on Export of Goods

CA Amit Harkhani 17 November 2023 at 09:46

The aim of Indian government is to increasing the output and quality of export from India in pursuance to the "Make in India" policy. Indian government also provide the many incentives to the exporters to boost export in India and in addition to incentives, government also provide many benefits as far GST is concerned. Like Refund of GST in export of goods or Service.

Interest under GST

CA Amit Harkhani 30 March 2023 at 08:55

The Government of India has specified the due dates to pay Goods and Services Tax. The due date to pay GST is different for different types of taxpayers. If one fails to pay GST within the due date, one must pay the interest along with the GST dues for the delay period.

GST Implication on Goods Transport by Road

CA Amit Harkhani 29 November 2022 at 08:48

Transportation is a vital part of the economy as any problem in transportation disrupts the entire business channel. This is why any petrol price change has a far-reaching effect in disruption of business. In India most popular form of transport is via road.

Section 17(5) of the CGST Act, 2017

CA Amit Harkhani 10 October 2022 at 09:49

As per Section 2(76) of CGST Act, 2017 Motor vehicle shall have the same meaning as assigned to it in clause (28) of section 2 of the Motor Vehicles Act, 1988.

Supply From DTA to SEZ or SEZ to DTA under GST

CA Amit Harkhani 08 October 2022 at 14:01

As per Section 7(5)(b) of the IGST Act, 2017 says that Supply of goods or services or both made to or by a Special Economic Zone developer or a Special Economic Zone unit shall be treated to be a supply of goods or services or both in the course of inter-State trade or commerce.

Scrutiny of Returns: GST ASMT-10

CA Amit Harkhani 03 June 2022 at 14:25

GST ASMT-10 is merely a notice where discrepancies are found and intimated to the taxpayers. Hence there is no personal hearing in ASMT-10.

GST on Factoring Arrangements

CA Amit Harkhani 26 March 2022 at 20:37

Factoring is very popular and necessary to enhance working capital by quick conversion of book debt into liquid form.

GST Implication on Recovery Agent Service

CA Amit Harkhani 26 March 2022 at 20:19

As per Section 2(5) of CGST Act, "Agent" means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called,who carries on the business of supply or receipt of goods or services or both on behalf of another.

GST Implications on Freight in case of Import & Export of Goods

CA Amit Harkhani 06 December 2021 at 09:42

Freight charges is the cost of transportation services. According to the Business Dictionary, freight costs include packaging, palletizing, loading or unloading charges, carrier fees, and insurance costs.