Articles by CA Venkatprasad Pasupuleti

GST on Mining Royalty Post 9 Judge bench SC decision - Is it attained finality?

Posted by CA Venkatprasad Pasupuleti 05 October 2024 584 Views

The State Government collects Royalty/Seigniorage charges as per the provisions of Mines and Minerals (Regulation and Development) Act, 1957 (MMDR Act for brevity hereinafter) read with rules framed by the concerned State Government from the lessee of the Mining site.

GST rate increase for Government projects (Works Contracts) - Impact & way forward

Posted by CA Venkatprasad Pasupuleti 20 July 2022 13355 Views

Construction industry plays an important role in the development of any country. It is a large sector of Economy of about Rs. 37 lakh crores (as per national accounts statistics, 2019-20). The construction industry in India consists of the Real estate as well as the infrastructure development segment.

ITC Invoice matching under GST: Mismatch case for Taxpayers

Posted by CA Venkatprasad Pasupuleti 31 August 2021 3916 Views

Input tax credit is the backbone of GST as it ensures the critical feature of taxing on value addition in the supply chain. Any action of denying ITC would lead to a cascading effect and kills the soul of GST.

Interest on Net Tax Liability under GST - Retrospective amendment & its consequences

Posted by CA Venkatprasad Pasupuleti 28 April 2021 9170 Views

The tax laws are no exception to this rule. GST law provides for interest @18% on the delayed remittance of the tax after due date.

Refund Of ITC On Capital Goods: A Perspective

Posted by CA Venkatprasad Pasupuleti 01 October 2020 5908 Views

Refund Of ITC On Capital Goods: A Possible Perspective

Amendment in rule 96(10) of CGST Rules- A relief to exporters

Posted by CA Venkatprasad Pasupuleti 28 September 2020 3934 Views

Amendment in Rule 96(10) - Sigh of relief to Goods Exporters

Interest on Net Tax Liability under GST - Light at the end of the Tunnel?

Posted by CA Venkatprasad Pasupuleti 12 September 2020 5670 Views

The interest liability for any belated remittance is an economic consequence. The tax laws are no exception to this rule. GST law provides for interest @18% on the delayed remittance of the tax after due date.

Notice Period Recovery - Liable for GST?

Posted by CA Venkatprasad Pasupuleti 28 July 2020 4358 Views

In recent years, the issue of Service Tax/GST liability on the Notice period recovery is a subject matter of dispute.

Validity of the direct recovery of Interest under GST?

Posted by CA Venkatprasad Pasupuleti 11 July 2020 16221 Views

Validity of the direct recovery of Interest under GST?

Transitional credit claims of past- Disentitled now under GST?

Posted by CA Venkatprasad Pasupuleti 22 May 2020 4459 Views

GST laws contain Transitional provisions inter alia Section 140 of CGST Act, 2017 (similar provisions in State GST laws) enables the taxpayer to carry forward the unutilized input credit under the pre-GST regime and allow the credit of taxes paid on the stock as on 30.06.2017 as GST credit.