Articles by Pradeep Jain

The never ending story of GST transitional credit

Pradeep Jain 18 July 2020 at 14:59

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

Pradeep Jain 26 June 2020 at 17:57

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

Pradeep Jain 06 June 2020 at 09:45

GST Circular contradicting relaxation provided during pandemic

Pros and Cons of exports with or without payment of Tax

Pradeep Jain 27 May 2020 at 10:56

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

Pradeep Jain 22 May 2020 at 12:46

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?

Pradeep Jain 13 May 2020 at 13:47

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

GST on employee reimbursement

Pradeep Jain 30 April 2020 at 09:58

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

GST update on importance of panchnama

Pradeep Jain 29 April 2020 at 10:54

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

Pradeep Jain 24 April 2020 at 10:31

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

Pradeep Jain 23 April 2020 at 10:48

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.