Articles by Bimal Jain

Mandatory to mention 4/6-digit HSN/SAC Code w.e.f. April 1, 2021

Bimal Jain 11 March 2021 at 09:57

As per Notification No. 78/2020 - Central Tax, it is mandatory for registered taxpayers to mention 4/6 digit HSN/SAC Code on Supply of goods or services on tax invoices w.e.f April 1, 2021.

GST Charcha on Union Budget 2021: Amendments proposed in Section 74, 107, 151, 152 and 168 of the CGST Act, 2017

Bimal Jain 24 February 2021 at 17:24

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 104, 107, 110, 111 and 112 of the Finance Bill, 2021 with respect to amendments in Section 74, 107, 151, 152 and 168 of the CGST Act.

Amendments proposed in Section 129 and 130 of the CGST Act, 2017

Bimal Jain 23 February 2021 at 09:48

This GST Charcha deciphers into recent changes in GST Laws made vide Clause No. 108 and 109 of the Finance Bill, 2021 with respect to amendments in Section 129 and 130 of the CGST Act.

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.