Articles by CA Amit Harkhani

GST Taxability of Salvage/Wreck Value in Motor Vehicle Damage Claims

Posted by CA Amit Harkhani 03 September 2024 264 Views

The insurance companies, which are engaged in providing general insurance services in respect of insurance of motor vehicles, insure the cost of repairs/damages of motor vehicles incurred by the policyholders.

No ITC reversed for the portion of the LIC premium not included in the taxable value, as per Rule 32(4)

Posted by CA Amit Harkhani 03 September 2024 229 Views

Life insurance companies provide services by insuring the life of the insured. In exchange, they charge a premium, which may include components for both risk cover and investment/savings.

Mechanism to compliance of Section 15(3)(b)(ii) of CGST Act, 2017

Posted by CA Amit Harkhani 30 August 2024 961 Views

Here's a simplified explanation of the mechanism for providing evidence of compliance with Section 15(3)(b)(ii) of the CGST Act, 2017 (Circular No. 212/6/2024_26.06.2024).

Guarantee under GST

Posted by CA Amit Harkhani 23 August 2024 1631 Views

MEANING OF GUARANTEEGuarantee has not been defined in the GST Law. The reference is to be taken from the Indian Contracts Act, 1872. Guarantee is defined under ...

Special procedure to be followed by a RP engaged in manufacturing of certain goods

Posted by CA Amit Harkhani 08 January 2024 3301 Views

SPECIAL PROCEDURE TO BE FOLLOWED BY MANUFACTURING OF FOLLOWING GOODS

TDS Provision under GST updated as on 31st October 2023

Posted by CA Amit Harkhani 29 November 2023 6638 Views

TDS under GST Law shall be deducted as per the provision of Section 51 of the CentralGoods and Services Tax Act, 2017, Section21 of the Union Territory Goods and Services Tax Act, 2017 and Section 20 of the Integrated Goods and Services Tax Act, 2017, read with Rule 66 of the Central Goods and Services Tax Rules, 2017.

GST Refund on Export of Goods

Posted by CA Amit Harkhani 17 November 2023 5690 Views

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

Posted by CA Amit Harkhani 30 March 2023 6761 Views

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

Posted by CA Amit Harkhani 29 November 2022 10003 Views

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

Posted by CA Amit Harkhani 10 October 2022 19441 Views

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.