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Articles by CA Venkatprasad Pasupuleti

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ITC Invoice matching under GST: Mismatch case for Taxpayers

  CA Venkatprasad Pasupuleti    30 August 2021 at 09:28

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.

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Posted in GST |   2301 Views


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.

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Posted in GST  1 comments |   5127 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.

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Posted in GST  2 comments |   4065 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?

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Posted in GST  5 comments |   3054 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.

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Posted in GST  1 comments |   1935 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

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Posted in GST |   3981 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

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Posted in GST  6 comments |   3009 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.

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Posted in GST  1 comments |   8511 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.

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Posted in GST |   3900 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?

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Posted in GST  1 comments |   15861 Views




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