Articles by CA Amit Harkhani

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

CA 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.

Analysis of Eight Terms of Supply

CA 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.

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

CA 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.

All you need to know about QRMP Scheme

CA 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.

GST Impact on Sale of Capital Goods (Business Assets)

CA 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.

GST Implications on Bad Debts

CA 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.

Value of Taxable Supply under GST

CA 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.

GST on Director Remuneration

CA Amit Harkhani 14 July 2020 at 12:36

Directors who are not the employees of the said company, the services provided by them to the Company, in lieu of remuneration as the consideration for the said services, are clearly outside the scope of Schedule III of the CGST Act and are therefore taxable.

GST on Online Information Data Base Access and Retrieval Service (OIDAR)

CA Amit Harkhani 21 April 2020 at 16:46

Online Information Database Access and Retrieval services (hereinafter referred to as OIDAR) is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services.