Articles by CA Venkatprasad Pasupuleti

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

Posted by CA Venkatprasad Pasupuleti 13 May 2020 2311 Views

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.

Precautions to be taken while responding to a notice under GST

Posted by CA Venkatprasad Pasupuleti 13 May 2020 3896 Views

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?

IGST exemption vis-a-vis pre-import condition

Posted by CA Venkatprasad Pasupuleti 03 May 2020 6083 Views

Advance Authorisation (AA), is one of the schemes under Foreign Trade Policy, 2015-20 (hereinafter referred to as the 'FTP') which allows the manufacturer exporter or merchant exporter to import inputs without payment of customs duties in terms of chapter 4 of FTP read with Notification No.18/2015 Cus dated 01.04.2015 as amended.

Another Chance for claiming Transitional Credit Under GST

Posted by CA Venkatprasad Pasupuleti 12 November 2019 4178 Views

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.

Denial of carry forwarding of CESS credit into GST - Course of action

Posted by CA Venkatprasad Pasupuleti 22 April 2019 5932 Views

On introduction of GST, the credit of taxes under the existing law, predominantly Central Excise, Service Tax and Value Added Tax, was allowed to be carry forwarded vide the transitional provision either as Central Goods and Service Tax (CGST)

GST on free supplies by customers

Posted by CA Venkatprasad Pasupuleti 08 December 2018 15663 Views

Introduction:It is common practice prevailing in many industries that certain materials

Advance ruling under GST

Posted by CA Venkatprasad Pasupuleti 10 June 2018 4559 Views

Advance ruling means a decision/ruling given to the applicant by the constituted authority on the matters relating GST provisions

Carry forward of KKC, EC and others into GST - High Court Decision

Posted by CA Venkatprasad Pasupuleti 10 March 2018 6954 Views

Education Cess was being levied on Central Excise and Service Tax from 10.09.2014. Education Cess paid on the purchase was available as credit against payment o...