Articles by Bimal Jain

Breakwater ITC Claim Denied: Civil Structure Not Plant & Machinery

Posted by Bimal Jain 09 September 2020 3112 Views

Learn why the AAAR ruled breakwater construction isn't 'plant and machinery', making ITC claims ineligible. Understand the implications for your business.

Madras HC: GST Interest Only on Net Cash Tax Liability

Posted by Bimal Jain 17 August 2020 6935 Views

Madras HC rules GST interest applies only to the cash component of tax paid late, not Input Tax Credit (ITC). Learn more about this significant ruling.

GSTR-3B & GSTR-1: Key Dates for Late Fee & Interest Benefits

Posted by Bimal Jain 26 June 2020 21945 Views

Discover crucial GSTR-3B and GSTR-1 filing dates to benefit from waived late fees and reduced interest rates. Don't miss out!

HC: Department can recover GST dues against Chronic Defaulting Assessee

Posted by Bimal Jain 17 June 2020 9863 Views

HC: Department can recover GST dues against Chronic Defaulting Assessee

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

Posted by Bimal Jain 15 June 2020 24070 Views

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.

Delhi HC rules Central Excise Duty rebate claim filed after expiry of 1 year as ineligible

Posted by Bimal Jain 15 June 2020 2495 Views

Delhi HC rules Central Excise Duty rebate claim filed after expiry of 1 year as ineligible

HC: Directs revenue to allow the petitioner to file GST TRAN-1

Posted by Bimal Jain 13 June 2020 13687 Views

The Hon'ble HC, Calcutta in the matter of Mrinal Ghosh v. Union of India & Others [W.P. No. 9821 (W) of 2018 decided on November 21, 2019] directed the Revenue to allow the Petitioner to file GST TRAN-1 to enable him to obtain credit accrued in his favour prior to the transition.

Madras HC allows credit transition of cesses viz. EC, SHEC and KKC into GST

Posted by Bimal Jain 16 May 2020 2646 Views

The Hon'ble HC, Madras in the matter of M/s Sutherland Global Services Private Limited v. Assistant Commissioner CGST and Central Excise, has allowed the writ petition challenging the denial of transitional credit of Education Cess ("EC"), Secondary and Higher Education Cess ("SHEC") and Krishi Kalyan Cess ("KKC") into GST regime through the TRAN-1 declaration.

Supply of repair services along with spare parts/ accessories is taxable at separate rates of GST: AAR

Posted by Bimal Jain 07 May 2020 4991 Views

Supply of repair services along with spare parts/ accessories is taxable at separate rates of GST: AAR

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

Posted by Bimal Jain 02 May 2020 11103 Views

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...