Articles by Bimal Jain

Proposed Amendment in the Customs Act, 1962 and Service Tax - Union Budget 2019

Posted by Bimal Jain 02 January 2020 3687 Views

The legislative changes would come into effect only upon the enactment of the Finance (No. 2) Bill, 2019. Current provisions Proposed provision...

Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Central Excise and Service Tax

Posted by Bimal Jain 02 January 2020 5395 Views

A dispute resolution cum amnesty scheme called the Sabka Vishwas Legacy Dispute Resolution Scheme is being introduced for resolution and settlement of legacy ca...

Proposed Amendment in the CGST Act, 2017 and IGST Act, 2017 by Budget

Posted by Bimal Jain 02 January 2020 5422 Views

Goods and Services Tax Amendments carried out through the Finance (No. 2) Bill, 2019 come into effect on the date of its enactment, unless otherwise specified...

Major Takeaways from Budget 2019 presented on 5th July

Posted by Bimal Jain 02 January 2020 4180 Views

Ms. Nirmala Sitharaman today presented the full budget of 1st Year of 2nd term of Modi Government amid subdued economic growth and challenging fiscal situation....

Detailed analysis of changes in rates of Central Excise & Custom - Union Budget 2019

Posted by Bimal Jain 02 January 2020 5486 Views

In Union Budget 2019-20, the Finance Minister has introduced the Finance (No.2) Bill, 2019 in Lok Sabha on July 05, 2019. The following are the gist of the noti...

Amendments in CGST Rules, 2017

Posted by Bimal Jain 30 December 2019 2803 Views

The Central Board of Excise and Customs vide Notification No. 31/2019-Central Tax dated June 28, 2019, has made various amendments inCentral Goods and Services ...

Cash refund of unutilized credit impermissible on closure of business

Posted by Bimal Jain 24 December 2019 13304 Views

The Larger Bench (LB) of Bombay HC rules in favour of Revenue, holds that cash refund u/s 11B of the Central Excise Act, 1944 (�the Excise Act�) is

GST Compliance calendar for the month of Nov 2019

Posted by Bimal Jain 01 November 2019 11829 Views

Compliance Calendar for the month of November 2019

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

Posted by Bimal Jain 11 October 2019 24620 Views

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

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

Posted by Bimal Jain 09 October 2019 4867 Views

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...