Articles by Bimal Jain

CBIC Widens the scope of Section 83 of the CGST Act (Provisional Attachment of Property / Bank Account) w.e.f. January 01, 2022

Bimal Jain 22 December 2021 at 17:46

The Hon'ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") with respect to provisional attachment of property/bank account.

GST Services exempted w.e.f October 1, 2021

Bimal Jain 04 October 2021 at 09:39

CBIC has further amended Notification No. 12/2017-Central Tax (Rate) dated June 28, 2017 ("Services exemption notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.

Changes in GST Rates on Services w.e.f October 01, 2021

Bimal Jain 02 October 2021 at 18:35

CBIC has further amended Notification No. 11/2017-Central Tax (Rate) dated June 28, 2017 ("Services rate notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.

Changes in GST Rates on Goods w.e.f October 01, 2021

Bimal Jain 02 October 2021 at 18:35

CBIC has further amended Notification No. 01/2017-Central Tax (Rate) dated June 28, 2017, as amended from time to time, in order to adhere to the recommendations of the 45th GST Council Meeting.

Key Action points to be considered before filing GSTR-1 & GSTR-3B of September 2021

Bimal Jain 23 September 2021 at 11:43

Finally, after facing every step of hurdle during past financial year, the final goal of every taxpayer is to assess their business records and analyze and correct the mistakes made during the past financial year either through GSTR-1 and GSTR-3B of September, 2021, following the end of financial year, being 2020- 21

GST 45th Council meeting to be held on September 17, 2021 - Agenda

Bimal Jain 03 September 2021 at 16:41

The GST Council in its 45th meeting is expected to review the reductions made in the 44th GST Council meeting and discuss the compensation structure going ahead.

What is recourse available to deal with Notices on Mismatch of GSTR-2A and GSTR-3B

Bimal Jain 20 August 2021 at 14:19

It has been proposed to insert the new clause ‘(aa)’, after clause (a), in Section 16(2) of the CGST Act, that provides an additional requirement to claim ITC based on GSTR-2A and newly introduced GSTR-2B.

GST Saga on Health Care Services - Mixed supply

Bimal Jain 28 May 2021 at 16:45

Discussing the judicial pronouncement which states that supply of telemedicine with a medical kit containing pulse oximeter, glucometer constitutes as ‘mixed supply'.

GST Saga on Health Care Services - Classification of various items used by Healthcare Industry

Bimal Jain 27 May 2021 at 12:40

Discussing seven important judicial pronouncements under GST on the classification of various health care services used by the healthcare industry.

GST Saga on Health Care Services - Classification of sanitizers

Bimal Jain 26 May 2021 at 16:49

Discussing judicial pronouncements that state that Sanitizers used for 'care, not cure for COVID', are not classifiable as 'Medicaments' and 'Hand-Sanitizers' taxable at 18%, denies exemption as 'essential commodity' under GST.