Articles by Pradeep Jain

GST Update on Demerger of organisation

Posted by Pradeep Jain 06 October 2020 2280 Views

On 14th March 2020, council meeting was held wherein few decisions were taken and few were postponed. In this update we shall discuss one of the decisions taken with regard to the procedure in case of sale, merger, de merger of business

Update on GST Refund Amendments

Posted by Pradeep Jain 03 October 2020 1349 Views

Certain important amendments have been made in connection with refunds, in the CGST Rules, 2017, which are explained in this article.

Pros and Cons of exports with or without payment of Tax

Posted by Pradeep Jain 27 May 2020 11527 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 rate on royalty paid to obtain license for mining services

Posted by Pradeep Jain 26 April 2020 5466 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 regime Carry forward of ITC not reflected in revised ST-3 by filing Tran-1

Posted by Pradeep Jain 16 April 2020 2671 Views

We have come across number of decisions allowing the benefit of carrying forward the credit in GST regime on account of various technical glitches occurred in filing of TRAN-1 by various High Courts.

GST Update on refund related issues

Posted by Pradeep Jain 07 April 2020 1601 Views

Clarifications were issued by CBIC on GST refund related issues. It has been decided to remove the restriction on clubbing of tax periods across Financial Years. There are guidelines for a refund of ITC and the new requirement to mention HSN/SAC Code.