Articles by Pradeep Jain

The never ending story of GST transitional credit

Posted by Pradeep Jain 18 July 2020 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 26 June 2020 10343 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 06 June 2020 7678 Views

GST Circular contradicting relaxation provided during pandemic

Pros and Cons of exports with or without payment of Tax

Posted by Pradeep Jain 27 May 2020 11522 Views

Know the pros and cons of exporting under LUT and with payment of tax. This update will surely help all the taxpayers in deciding what would be more advantageous taking into consideration the factors like refund sanctioning, compliance requirements etc.

GST Update on applicability of unjust enrichment on refund of interest

Posted by Pradeep Jain 22 May 2020 5577 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 13 May 2020 5696 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 30 April 2020 15295 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 29 April 2020 10529 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 rate on royalty paid to obtain license for mining services

Posted by Pradeep Jain 24 April 2020 5465 Views

GST Update on applicable rate of GST on royalty paid to obtain license for mining service. The AAR recently held that the applicable rate of GST on the royalty paid under a mining lease agreement with the government attracted a GST rate of 18% under the reverse charge mechanism.

GST Update on PMT-09 facility

Posted by Pradeep Jain 23 April 2020 5226 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.