Articles by Bimal Jain

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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.

Interest/late fees for services of pre-GST era, received after 1st July 2017, are liable to GST

Bimal Jain 31 August 2019 at 16:56

The AAR, Tamil Nadu in the case of M/s Chennai Port Trust has held that the amounts received on or after July 1, 2017 towards interest, late fees, penalty relating to services of lease/rent, due to delayed payment of consideration for those services rendered by Applicant before July 1, 2017, are liable to GST.

GST leviable on Mobilization Advance as on July 1, 2017 received for works contract service: AAR

Bimal Jain 31 August 2019 at 11:21

The West Bengal AAR in the matter of Siemens Ltd. has ruled that the Applicant is deemed to have supplied works contract service to KMRCL

No ITC on inward supplies for in-house hospital providing free medical facilities to employees: AAR

Bimal Jain 29 August 2019 at 16:05

Synopsis:The Tamil Nadu AAR in the matter of Chennai Port Trust has ruled that the Applicant, providing medical services and medicines as part of mandated rules..