Articles by CA. Heet Shah

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Types of bank accounts for NRIs in India

CA. Heet Shah 24 April 2023 at 09:00

NRI accounts are bank accounts opened by NRIs in India for various transactions, such as depositing foreign currency earnings, transferring funds to India, etc. These accounts can be in the form of NRE, NRO, or FCNR accounts.

Posted in Others | 942 Views

Understanding Finance Amendment Bill 2023 for Taxpayer

CA. Heet Shah 25 March 2023 at 13:09

On March 24th, 2023, the Finance Amendment Bill was passed by the government. This bill is aimed at making changes to the existing financial laws in order to bring in more transparency and accountability, and to facilitate ease of doing business. The bill has been lauded by experts and industry leaders for its many benefits, which we will discuss in this article.

Posted in Taxpayers | 1 comments | 3723 Views

Procedure for Deemed Export under GST

CA. Heet Shah 24 March 2023 at 08:52

Deemed exports are an important provision under the GST law that aims to promote the export of goods and services from India. The procedure for deemed exports involves eligibility, tax invoice, certificate from the recipient, and refund/exemption of GST.

Posted in GST | 2175 Views

All about Remission of Duties and Taxes on Exported Products (RoDTEP)

CA. Heet Shah 22 March 2023 at 06:49

RoDTEP stands for Remission of Duties and Taxes on Exported Products. It is a new scheme that has been introduced by the Government of India to replace the earlier Merchandise Exports from India Scheme (MEIS) for exporters.

Posted in GST | 1176 Views

Significance of Deemed Export under GST

CA. Heet Shah 21 March 2023 at 08:49

Deemed exports are a type of transaction under the Goods and Services Tax (GST) regime that involve the supply of goods or services that are not physically exported from India but are deemed to have been exported.

Posted in GST | 2 comments | 6057 Views

Changes in GST vide Union Budget 2023

CA. Heet Shah 01 February 2023 at 17:02

Change in Sec.10 of CGST Act (Composition Scheme for Supplier of Goods via E-commerce)

Posted in Union Budget | 2 comments | 12498 Views

Effects on Goods Transport Agency due to recommendation of 47th council Meeting

CA. Heet Shah 13 September 2022 at 08:59

The terms GTA has not been defined under GST Act, 2017, GST Rules. It is presently defined under the Notification No. 12/2017- Central Tax (Rate) and Notification No. 9/2017-Integrated Tax (Rate) both dated 28-6-2017.

Posted in GST | 1 comments | 11013 Views

Benefits of Debit Notes delinked from Sale Invoices under GST

CA. Heet Shah 12 September 2022 at 08:48

With effect from 01.01.2021, section 16(4) of the CGST Act, 2017 was amended videthe Finance Act, 2020, so as to delink the date of issuance of debit note from ..

Posted in GST | 17310 Views

Key Judgments: Goods in transit, Variants of advances, Corpus Fund

CA. Heet Shah 09 June 2022 at 09:01

Once supply is made it is crucial to determine the Time of supply "event triggering the liability". Therefore it is of utmost importance to understand the time of supply which is provided in Section 12/13/14 of CGST Act,2017 and section 20 of IGST Act,2017.

Posted in GST | 2733 Views