Articles by Bimal Jain

Recovery of self-assessed tax

Bimal Jain 22 February 2021 at 11:00

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 105 of the Finance Bill, 2021 with respect to recovery of self- assessed tax.

Can GST department provisionally attach Property/Bank Account of any Person?

Bimal Jain 22 February 2021 at 10:59

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 106 of the Finance Bill, 2021 with respect to provisional attachment of property/bank account.

GST Charcha on Union Budget 2021: Changes in scope of zero-rated supplies

Bimal Jain 18 February 2021 at 17:31

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 114 of the Finance Bill, 2021 to with respect to changes in scope of zero-rated supplies.

GST Charcha on Union Budget 2021: Interest leviable only on Net Tax Liability

Bimal Jain 18 February 2021 at 09:56

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 103 of the Finance Bill, 2021 to provide certainty as to leviability of interest only on Net Tax Liability.

GST Charcha on Union Budget 2021: GST Audit by professionals scrapped?

Bimal Jain 18 February 2021 at 09:56

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 101, 102 and 112 of the Finance Bill, 2021 with respect to scrapping GST Audit by professionals and moving to self-certification.

GST Charcha on Union Budget 2021

Bimal Jain 13 February 2021 at 17:17

This GST Charcha deciphers into recent changes in the GST Laws made vide Clause No. 99 and 113 of the Finance Bill, 2021 on the issue whether GST is leviable on services provided by Club or Association to its members?

Key Highlights of Direct Tax Proposals

Bimal Jain 02 February 2021 at 12:29

This document summarises the key highlights of the Direct Tax Proposals of the Union Budget 2021, for easy digest. The budget, which rests on 6 pillars, was announced by FM on 1st Feb 21.

Key Highlights of Changes under the GST Law

Bimal Jain 02 February 2021 at 12:29

This document summarises the changes made/proposed in the Union Budget 2021, under the GST Law – Section wise, in a comparative manner, for easy digest.

Key Highlights of Changes under the Customs and Excise

Bimal Jain 02 February 2021 at 11:44

This document summarises the changes made/proposed in the Union Budget 2021, under Customs and Excise - Section wise in a comparative manner, for easy digest.

Rule 36(4) amended to reduce ITC entitlement for invoices not furnished by supplier from 10% to 5%

Bimal Jain 14 January 2021 at 10:28

CBIC, vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has issued CGST (Fourteenth Amendment) Rules, 2020, inter alia, amending Rule 36(4) of the CGST Rules, 2017 w.e.f. January 1, 2021