Articles by CA. Heet Shah
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Lex Non-Cogit Ad Impossibilia: Exploring the Implications for GST and the Ongoing ITC Matching Challenge
Today, I'd like to delve into a significant legal maxim, "Lex Non-Cogit Ad Impossibilia," which translates to "The law does not compel the impossible." This principle is deeply relevant in the context of India's Goods and Services Tax (GST) system, where the concept of Input Tax Credit (ITC) matching has been a persistent challenge.
Significance of Deemed Export under GST
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.
Enhancing Clarity and Flexibility: Revised TCS Policy in India
This write-up aims to outline the revised policy and highlight its impact on stakeholders by addressing their concerns.
Analysis of the Real Estate Sector and Challenges Faced under GST
In this article, we will delve into the key issues faced by the real estate sector under GST, backed by examples and relevant case laws.
How technology is helping the Indian government crackdown on fraudulent ITC rackets and promoting compliance with tax laws
The recent crackdown by the Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit, on fraudulent input tax credit (ITC) rackets is an important step in curbing tax evasion in India
Distribution of Input Credit under GST: ISD Mechanism vs. Invoicing Mechanism (Cross Charge)
This article delves into the characteristics, implications, and relevant caselaws surrounding these two mechanisms, shedding light on the factors businesses should consider when choosing between them.
GST Rate Rationalisation: Key concern in GST Compliances
Rate rationalization has been a key area of concern in the GST regime since its implementation. The multiplicity of tax slabs, which currently include rates such as 0%, 5%, 12%, 18%, and 28%, along with additional cess on specific goods, has led to complexities and debates surrounding simplification and uniformity.
Types of bank accounts for NRIs in India
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.
Understanding Finance Amendment Bill 2023 for Taxpayer
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.
Procedure for Deemed Export under GST
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.
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