Articles by Bimal Jain

27th GST Council Meeting: GST Council approves easier return filing system; state owned GSTN

Posted by Bimal Jain 01 November 2018 20333 Views

The 27th meeting of the GST Council held yesterday through video conferencing approved a new return filing framework which would be implemented in step-wise pro...

Clarification regarding procedure for recovery of arrears and reversal of inadmissible input tax credit

Posted by Bimal Jain 14 October 2018 7813 Views

The Central Board of Indirect Taxes and Customs, inter-alia, lays down procedure for recovery of central excise duty / service tax and CENVAT credit thereof ari...

CBIC approves withdrawal of pending litigations on refund issues

Posted by Bimal Jain 04 October 2018 4557 Views

In an attempt to reduce the number of litigations, the Central Board of Indirect Taxes and Customs('CBIC') vide Instruction F No 390/Misc./116/2017-

Latest updates on Eway Bill

Posted by Bimal Jain 01 October 2018 37089 Views

Touted as an anti-evasion measure, E-way bill has been made mandatory for inter-state movement of goods from April 1, 2018 after technological glitches forced t...

CBEC clarifies Job Work procedures & compliances

Posted by Bimal Jain 25 September 2018 10569 Views

Happy Mahavir Jayanti !!May Lord Mahavir bless you abundantly and fill your life with the virtue of truth, non-violence and compassion.The Central Board of Exci...

Concept and Applicability of TDS and TCS provisions applicable w.e.f. October 1, 2018

Posted by Bimal Jain 15 September 2018 69342 Views

After getting deferred till September 30, 2018, the Central Government vide Notification No. 50/2018 � Central Tax dated September 13, 2018 and Notificati

Clarifications on exports related refund issues in GST

Posted by Bimal Jain 15 September 2018 18720 Views

Clarifications on exports related refund issues in GST � Circular No. 37/11/2018- GST dated March 15, 2018Board vide Circular No. 17/17/2017 � GST d

Eway bill to be introduced from 1st April 2018

Posted by Bimal Jain 08 September 2018 21056 Views

Key outcomes of 26th GST Council meeting � Continuation of GSTR-3B, tax exemptions for exporters; applicability of E-way billThe all-powerful GST Council

No Service Tax on reimbursements prior to May 14, 2015 held by SC

Posted by Bimal Jain 06 September 2018 7052 Views

The issue of taxability of out-of-pocket expenses has always been a matter of litigation. Before April, 2006 there was no specific provision to this effect. How...