Articles by CA Amit Harkhani

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.

Explanation of Condition V of Section 2(6) of IGST Act, 2017

CA Amit Harkhani 23 September 2021 at 09:31

As per the Section 2(6) of IGST Act, 2017 "export of services" means the supply of any service

GST Implication on Export of Goods & Service

CA Amit Harkhani 07 September 2021 at 16:51

Export incentives are certain benefits exporters receive from the government as acknowledgement for bringing in foreign exchange and as compensation for the costs they incur.

Analytical View of Scope of Supply under GST

CA Amit Harkhani 13 July 2021 at 09:05

The expression 'Supply' includes all forms of supply of goods or services or both made or agreed to be made for a consideration by a person in the course or furtherance of business.

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

CA 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.

Slump sale under GST

CA 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.

GST Implication on Lease & Sale of Motor vehicles

CA 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.