Articles by CA. Bhavik P. Chudasama

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GST Amnesty Scheme 2024: Sec 128A of CGST Act 2017

  CA. Bhavik P. Chudasama    14 November 2024 at 14:08

A Comprehensive Guide to Waiver of Interest and Penalty



FAQs on the Draft Manual on Invoice Management System (IMS)

  CA. Bhavik P. Chudasama    19 September 2024 at 09:51

The Invoice Management System (IMS) is a revolutionary new feature introduced on the GST Common Portal.



54th GST Council Meeting: Key Changes and Clarifications

  CA. Bhavik P. Chudasama    12 September 2024 at 17:15

The GST Council, in its recent meeting, introduced several changes and clarifications to the Goods and Services Tax (GST) regime.



Key Updates: Invoice Management System (IMS)

  CA. Bhavik P. Chudasama    04 September 2024 at 15:21

Starting from October 1, 2024, a new Invoice Management System (IMS) will be implemented to streamline the process of matching invoices issued by suppliers and claiming Input Tax Credit (ITC).



Holding Period for Residential Properties: Allotment or Agreement? A Comparative Analysis

  CA. Bhavik P. Chudasama    31 August 2024 at 17:36

This article aims to shed light on this issue, analyzing relevant case laws and providing a comprehensive understanding of the prevailing legal position.



Determining Time of Supply u/s 14 of CGST Act: Implications for Tax Rate Changes

  CA. Bhavik P. Chudasama    05 June 2024 at 16:52

This article provides a detailed analysis of Section 14 and its implications for businesses.



A Deep Look with a Common Man's Eye at Section 6 of the Income Tax Act

  CA. Bhavik P. Chudasama    01 June 2024 at 09:17

Understanding your residential status for tax purposes is crucial in India. For individuals and entities operating in the ever-evolving tax landscape of India, determining residential status is paramount. Section 6 of the Income Tax Act, 1961, serves as the cornerstone for navigating this crucial aspect.



Understanding Rule 86B of CGST Rules: Restrictions on ITC Utilization

  CA. Bhavik P. Chudasama    22 May 2024 at 14:39

The Central Goods and Service Tax (CGST) Act introduced Rule 86B vide Notification number 94/2020 dated 22nd December, 2020. Rule 86B is made effective from 1st January 2021 curb the menace of fake invoicing and tax evasion.



GST Payable on Sale of Capital Goods under CGST Act: Section 18(6) viz-a-viz Rule 40(2) and Rule 44(6)

  CA. Bhavik P. Chudasama    09 May 2024 at 17:46

The Goods and Services Tax (GST) regime allows businesses to claim Input Tax Credit (ITC) on purchases used for taxable supplies. However, there are situations where previously claimed ITC needs to be reversed.



ITC on Motor Vehicles under GST: A Detailed Analysis

  CA. Bhavik P. Chudasama    22 April 2024 at 17:44

This article delves into the eligibility of ITC on motor vehicles, with a particular focus on exceptions for vehicles exceeding 13 seating capacity and the scenario of renting motor vehicles.




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