Articles by Pradeep Jain

The never ending story of GST transitional credit

Posted by Pradeep Jain 14 January 2021 9815 Views

The dispute regarding transitional credit in the GST regime has not resolved even after 3 years of the implementation of GST and God knows when this story would end

Input Tax Availability on Transportation of employees

Posted by Pradeep Jain 23 December 2020 10348 Views

The issue regarding allowing of availability of input tax credit relating to the facilities provided to the employees by the companies has been a point of dispute between the taxpayers and department since inception of GST regime. AAR has always given a regressive ruling i.e. not in favour of taxpayers

GST Circular contradicting relaxation provided during pandemic

Posted by Pradeep Jain 03 December 2020 7680 Views

GST Circular contradicting relaxation provided during pandemic

GST Update on applicability of unjust enrichment on refund of interest

Posted by Pradeep Jain 18 November 2020 5581 Views

GST Update on applicability of unjust enrichment on refund of interest

Does cash underlying in electronic cash ledger amounts to payment of tax under GST?

Posted by Pradeep Jain 09 November 2020 5699 Views

Whether cash underlying in electronic cash ledger amounts to payment of tax without fulfilling any offsetting requirement?

GST on employee reimbursement

Posted by Pradeep Jain 27 October 2020 15299 Views

This update intends to bring out clarification with respect to taxability of transaction between employee and employer.

GST update on importance of panchnama

Posted by Pradeep Jain 26 October 2020 10534 Views

We all know that the investigation proceedings are required to be compiled and documented very precisely as many a times, the entire proceedings get vitiated me...

GST Update on PMT-09 facility

Posted by Pradeep Jain 20 October 2020 5227 Views

If a taxpayer has wrongly paid IGST instead of CGST, he can now rectify the same using Form PMT-09 by reallocating the amount from the IGST head to the CGST head.

Clarification in respect of challenges in implementation of provisions of GST Laws vide circular no. 137

Posted by Pradeep Jain 13 October 2020 1954 Views

Circular No. 137/07/2020-GST dated 13.04.2020 has been issued providing clarifications regarding certain challenges being faced by taxpayers in adhering to the compliance requirements under various other provisions of the CGST Act.

Update on foreign trade policy 2015-20

Posted by Pradeep Jain 10 October 2020 1526 Views

The Central Govt. has made following changes, with immediate effect in respect of Foreign Trade Policy 2015-20 vide notification no. 57/2015-2020 dated 31st Mar...