GST Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Articles by CA Venkatprasad Pasupuleti

avatarView Full Profile

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

  CA Venkatprasad Pasupuleti    12 September 2020 at 10:55

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.

Continue Reading »
Posted in GST  1 comments |   4950 Views


Transitional credit claims of past- Disentitled now under GST?

  CA Venkatprasad Pasupuleti    22 May 2020 at 11:42

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.

Continue Reading »
Posted in GST  2 comments |   3906 Views


Precautions to be taken while responding to a notice under GST

  CA Venkatprasad Pasupuleti    13 May 2020 at 10:15

On receipt of Notice, before responding to any notice or any other communication, the taxpayer must ensure whether the notice is issued the jurisdictional proper officer?

Continue Reading »
Posted in GST  5 comments |   2472 Views


Is Denial of refund of ITC not reflected in GSTR-2A valid?

  CA Venkatprasad Pasupuleti    13 May 2020 at 10:15

The Rule 36(4) prescribed that ITC shall be entitled to the extent of the invoices uploaded by the suppliers and gives another 10% of the matched ITC in addition to the matched ITC.

Continue Reading »
Posted in GST  1 comments |   1836 Views


Refund Of ITC On Capital Goods: A Perspective

  CA Venkatprasad Pasupuleti    04 April 2020 at 10:09

Refund Of ITC On Capital Goods: A Possible Perspective

Continue Reading »
Posted in GST |   3195 Views


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

  CA Venkatprasad Pasupuleti    01 April 2020 at 10:53

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

Continue Reading »
Posted in GST  6 comments |   2568 Views


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

  CA Venkatprasad Pasupuleti    18 March 2020 at 10:19

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.

Continue Reading »
Posted in GST  1 comments |   8379 Views


Notice Period Recovery - Liable for GST?

  CA Venkatprasad Pasupuleti    30 January 2020 at 10:29

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

Continue Reading »
Posted in GST |   3687 Views


Validity of the direct recovery of Interest under GST?

  CA Venkatprasad Pasupuleti    13 January 2020 at 11:01

Validity of the direct recovery of Interest under GST?

Continue Reading »
Posted in GST  1 comments |   15696 Views


Another Chance for claiming Transitional Credit Under GST

  CA Venkatprasad Pasupuleti    12 November 2019 at 10:57

In view of the unvarying series of judicial decisions, the taxpayers who have missed claiming transitional credits initially can now claim the same. The suggested course of action is given in this article.

Continue Reading »
Posted in GST  3 comments |   3864 Views