Articles by Bimal Jain
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Indian Subsidiary Company providing Services to Foreign Parent Company is Export of Services
The Gujarat High Court has given laudable Judgment in the case of Linde Engineering India Pvt. Ltd. & Ors. V Union of India holding that Indian Subsidiary Company providing Consulting Engineer Services to Foreign Parent Company is Export of Services
Key Highlights of Changes under the GST Law
This document summarises the changes made/proposed in the Union Budget 2021, under the GST Law – Section wise, in a comparative manner, for easy digest.
Key Highlights of Changes under the Customs and Excise
This document summarises the changes made/proposed in the Union Budget 2021, under Customs and Excise - Section wise in a comparative manner, for easy digest.
Key Highlights of Direct Tax Proposals
This document summarises the key highlights of the Direct Tax Proposals of the Union Budget 2021, for easy digest. The budget, which rests on 6 pillars, was announced by FM on 1st Feb 21.
Rule 36(4) amended to reduce ITC entitlement for invoices not furnished by supplier from 10% to 5%
CBIC, vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has issued CGST (Fourteenth Amendment) Rules, 2020, inter alia, amending Rule 36(4) of the CGST Rules, 2017 w.e.f. January 1, 2021
Restricting use of ITC amount for discharging output tax liability in GST
The CBIC vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has introduced a new Rule 86B in the Central Goods and Services Rules, 2017 ("CGST Rules"). Let us understand the same.
Time limit increased for grant of GST registration from 3 to 7 working days
In this article, we discuss the CGST (Fourteenth Amendment) Rules 2020, wherein the Time limit was increased for grant of GST registration from 3 to 7 working days.
Validity of e-way bill narrowed by increasing distance from 100 km. to 200 km. per day
The validity of e-way bill under Rule 138(10) of the CGST Rules has been amended, according to which the e-way bill will now be valid for 1 day for every 200 km of travel, as against 100 km earlier.
Person whose registration has been suspended is now restricted from furnishing PART A of E-Way Bill
The CBIC, vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has inserted a new amendment in which a person whose registration has been suspended is now restricted from furnishing PART A of the E-Way Bill.
Important Changes in GST w.e.f. January 1, 2021
Highlights of all important changes related to QRMP Scheme, E-invoicing, ITC availment, e-way bill, etc. under the CGST Act 2017 and CGST Rules 2017, effective from January 1, 2021.
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