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Articles by Bimal Jain

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Provisions of Anti-Profiteering are constitutionally valid

  Bimal Jain    09 February 2024 at 17:18

When GST was introduced in the Country, the Government ensures either a reduction in GST rates and/ or allowed GST credit, which was not available in the pre-GST regime on various Goods or Services and wanted corresponding benefits as allowed to the Companies by forgone revenues on above account should be passed to the consumers.

Posted in GST |   994 Views


Key Highlights of Interim Budget 2024-25: Changes under GST

  Bimal Jain    02 February 2024 at 10:53

GSTGST has been a landmark reform of Independent India, enabling "One Nation One Tax One Market". GST has reduced the compliance burden on trade and i..

Posted in Union Budget |   12146 Views


Key Highlights of Interim Budget 2024-25: Changes under the Income Tax Law

  Bimal Jain    02 February 2024 at 10:42

Direct TaxInterim Budget for 2024-25 is presented by Hon'ble Finance Minister Smt. Nirmala Sitharaman today i.e. February 01, 2024 and highlighted that the Indi..

Posted in Union Budget |   7360 Views


GST: A New Landscape on Online Gaming, Casinos, Horse Racing w.e.f. 1st Oct 2023

  Bimal Jain    04 October 2023 at 10:07

GST Council in its 50th and 51st GST Council meetings recommended the substantial changes to the taxation landscape on the actionable claims supplied in Casinos, Horse racing and Online gaming,will be taxed @28% on full face value, irrespective of whether the activities are a game of skill or chance.

Posted in GST |   3427 Views


Effective GST Changes w.e.f 1st Oct 2023

  Bimal Jain    03 October 2023 at 12:06

Sections 137 to 162 of the Finance Act, 2023 (the FA,2023) (except Sections 149 to 154) will come into force from October 01, 2023 vide Notification no. 28/2023-Central Tax dated July 31, 2023.

Posted in GST |   33692 Views


GST on OIDAR Services by Foreign Firms Starting Oct 1, 2023

  Bimal Jain    03 October 2023 at 12:06

GST chargeable on OIDAR services by foreign firms to individuals & Govt irrespective of any usage w.e.f. 1st Oct 2023

Posted in GST |   3631 Views


No IGST on Ocean Freight in CIF Contracts: Changes Notified

  Bimal Jain    30 September 2023 at 09:52

Stay informed about the latest updates in CIF contracts as the government announces changes exempting IGST on ocean freight. Learn how these changes may impact your international trade agreements.

Posted in GST |   4290 Views


Setting up of the GST Appellate Tribunal: Are We Ready?

  Bimal Jain    23 June 2023 at 14:20

Tribunals are judicial institutions established by law, to provide a platform for expedited and specialized expertise in the process of adjudication.

Posted in GST  1 comments |   3467 Views


Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha

  Bimal Jain    25 March 2023 at 11:42

Amendments w.r.t. GST in the Finance Bill, 2023 passed by Lok Sabha

Posted in GST |   17709 Views


Activities to be undertaken for GST Compliances of FY 2022-23 in March 2023

  Bimal Jain    14 March 2023 at 11:04

We have listed down certain important activities for the smooth transition/ closure of FY 2022-23

Posted in GST  7 comments |   16174 Views