Articles by Bimal Jain

GST not payable on volume discount where no GST adjustment is made: AAR

Bimal Jain 04 November 2019 at 10:55

Synopsis: The Hon'ble AAR, Karnataka in the case of M/s Kwality Mobikes (P) Ltd. inAdvance Ruling No. KAR ADRG 7/2019 decided on September 24, 2019 has held tha..

GST Compliance calendar for the month of Nov 2019

Bimal Jain 01 November 2019 at 13:54

Compliance Calendar for the month of November 2019

Seats for railway coaches taxable @18% GST: AAR

Bimal Jain 31 October 2019 at 10:50

The Hon'ble AAR, Punjab in the matter of M/s. Sutlej Coach Products Pvt Ltd. held that 'Seats for Railway Coaches' supplied to Rail Coach Factory falls under Heading 9401, liable to GST at 18%, and cannot be classified at 5% under HSN 8607 as parts of Railway.

ITC credit limited to 20% if not reflected in GSTR 2A says new notification

Bimal Jain 11 October 2019 at 10:16

Capping of 20% ITC w.r.t invoices/debit-notes not uploaded by supplier in GSTR-1

GSTR-3B is now a return u/s 39: Retrospective amendment from 1st July 2017

Bimal Jain 10 October 2019 at 15:28

One of the important amendments is made in Rule 61(5) of the CGST Rules which deals with the "Form and manner of submission of monthly return" and states that where the time limit for furnishing FORM GSTR-1 and FORM GSTR-2 has been extended, then the Commissioner may, by notification, specify the manner and conditions subject to which the return shall be furnished in FORM GSTR- 3B.

Tax Relief curtailed for amount in arrears in SVLDRS - Circular issued adding ambiguity

Bimal Jain 09 October 2019 at 10:48

The Government announced the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ("SVLDRS, 2019" or "the Scheme") as a part of the recent Union Budget on..

Gist of Notifications issued to implement recommendations of GST Council meeting on Sep 20,2019

Bimal Jain 02 October 2019 at 11:35

There are several changes proposed in GST rates on specified goods and services during the 37th GST Council meeting held on September 20, 2019.

Withdrawal of inimical Circular on Post-sale Discount

Bimal Jain 30 September 2019 at 17:00

Background of the issue:To settle the haze surrounding on treatment of post-supply discounts under GST, the CBIC issued a Circular No. 105/24/2019-GST dated Jun..

Set the bird free from the cage of pre-GST legacy disputes

Bimal Jain 12 September 2019 at 13:00

The Scheme 'Sabka Vishwas Scheme 2019' has now been notified and is in operation from September 1, 2019, which would continue till December 31, 2019.

Gujarat HC granted interim relief in writ challenging late fee for delayed filing of GSTR-3B

Bimal Jain 06 September 2019 at 10:23

The Hon'ble Gujarat High Court in the matter of AAP & Co. vs Union of India has grants interim relief in writ challenging imposition of late fees for late filing of GSTR-3B under Section 47 of the CGST Act.