Articles by Bimal Jain

Cash refund of unutilized credit impermissible on closure of business

Posted by Bimal Jain 24 December 2019 13311 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

GSTN issues advisory to start new Invoice series from 1st April 2019

Posted by Bimal Jain 06 April 2019 38982 Views

The Goods and Service Tax Network (�GSTN�) has issued an advisory dated April 04, 2019 which state that all taxpayers is invited to Rule 46 (b) of t

Reimbursements on electricity expenses from the occupants chargeable to Service tax

Posted by Bimal Jain 29 September 2019 6631 Views

Recently, the issue of levibility of Service Tax on reimbursements on electricity expenses received from the occupants of a complex came before a Single Member ...

8 things to be done under GST before March 31, 2019

Posted by Bimal Jain 25 September 2019 31668 Views

1. Last chance to avail any pending ITC of FY 2017-18In terms of sec 16(4) of the CGST Act, 2017 (�the CGST Act�) a registered person shall not be e

A round up of GST amendment in Credit & Debit Notes viz-a-viz post supply discounts

Posted by Bimal Jain 09 September 2019 15308 Views

Background:The Interim Budget 2019 did not propose any changes with respect to Indirect Tax. In as much as GST is concerned, the GST Council in its 28thmeeting ...

Comparison of Liability declared and ITC claimed enabled in GST Portal

Posted by Bimal Jain 09 March 2019 21141 Views

The Goods and Service Tax Network (GSTN) has enabled a new functionality in the GST Portal "Comparison of Liability declared and Input Tax Credit claimed&q

Comparative insight into amended CGST and IGST Acts applicable from 1st Feb 2019

Posted by Bimal Jain 30 January 2019 38515 Views

The GST Council in its 32nd meeting held on January 10, 2019, gave approval that the changes made by CGST (Amendment) Act,2018, IGST (Amendment) Act, 2018, UTGST

Intricacies of outward supply for filling up GSTR-9 and 9C

Posted by Bimal Jain 08 June 2019 7669 Views

Amidst the clamour to extend the deadline of filing GST Annual Return and Reconciliation Statement in Form GSTR-9 (for normal taxable person) / Form GSTR-9A

Key 15 Action Points for filing GSTR -3B for September 2018

Posted by Bimal Jain 20 April 2019 13013 Views

Finally, after facing every step of hurdle during past one year of journey of GST, passing through more than 400 changes in form of Notifications, Circulars, Pr...