Articles by Lekhraj sood

E-way bill is redundant - Why not abolish?

Lekhraj sood 16 May 2022 at 08:28

In a dispute concerning e-waybill, recently Hon'ble Gujarat High Court ruled in favor of taxpayer in the case of Dhabriya Polywood Limited Vs Union of India. In this case, everything was correct like invoice, e-waybill etc. except a small mistake of selecting wrong ODC type of vehicle in the e-waybill.

Posted in GST | 6537 Views

Exemption Limit (Rs. 1500 or Rs.750) under GTA - Confusing?

Lekhraj sood 31 January 2022 at 08:36

The rate of tax under forward charge is at 12% with ITC available or 5% without the benefit of ITC. Under the reverse charge, the rate is 5%.

Posted in GST | 2 comments | 13182 Views

Whether ITC in Dec 2021 GSTR 3B is mandatorily required as per GSTR 2B?

Lekhraj sood 18 January 2022 at 15:46

When the transactions were done on December 21 then at that point of time old rule 36(4) was in force. Therefore, in our view, it would be in order if the ITC of December is availed by referring to GSTR 2A.

Posted in GST | 9 comments | 14436 Views

No auto cancellation of Registration of Recipient for fraud by the Supplier - Orissa High Court

Lekhraj sood 09 October 2021 at 09:45

Section 16 of the OGST Act with Rule 21 of the OGST Rules provides that there is no provision that enables the cancellation of the registration of the purchaser for fraud committed by the seller.

Posted in GST | 3105 Views

Service Tax on Liquidated Damages - When not Leviable?

Lekhraj sood 31 July 2021 at 09:41

The department contended that the amount recovered by the appellant for non-fulfilment of obligation in terms of the agreement from their suppliers and buyers is nothing but consideration for tolerating an act of their customers.

Posted in GST | 2118 Views

Blocking and Unblocking of ITC - A Welcome Circular

Lekhraj sood 08 June 2021 at 09:27

A Welcome Circular that amends the conditions of use of amount available in the electronic credit ledger as per Rule 86A of the Central Goods and Services Tax (CGST) Rules, 2017.

Posted in GST | 14142 Views

Special Drive to process GST refunds and duty drawback claims

Lekhraj sood 17 May 2021 at 09:38

GoI has come up with a special drive to sanction the refund claims of GST and customs duty drawback claims of the taxpayers to ease out the cash flow problems, amid COVID-19.

Posted in GST | 948 Views

14 Reasons Why your GST registration may be suspended

Lekhraj sood 17 February 2021 at 17:41

The article lists 14 Reasons why your GST registration may be suspended, as per the latest notifications and circulars issued by CBIC.

Posted in GST | 17724 Views

Beware of Suspension of GST Registration

Lekhraj sood 15 February 2021 at 09:42

The CGST Amendment Act introduced Suspension of Registration by inserting a proviso to Section 29 (2) of the CGST Act, 2017 effective from 01.02.2019. Let us understand why taxpayers must beware of this.

Posted in GST | 1 comments | 12972 Views

Relaxed AEO accreditation for MSMEs - Relaxations in requirements

Lekhraj sood 09 January 2021 at 09:32

In this article, an attempt is made to explain the modified requirements to enable MSMEs to avail the benefits of Authorized Economic Operator ( AEO) scheme.

Posted in Custom | 1185 Views