Articles by CA. Bhavik P. Chudasama
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A Comprehensive Analysis of Section 61 of the CGST Act, 2017
This article provides a detailed exploration of Section 61, including its text, key provisions, and practical implications for taxpayers.
GST Amnesty Scheme 2024: Sec 128A of CGST Act 2017
A Comprehensive Guide to Waiver of Interest and Penalty
FAQs on the Draft Manual on Invoice Management System (IMS)
The Invoice Management System (IMS) is a revolutionary new feature introduced on the GST Common Portal.
54th GST Council Meeting: Key Changes and Clarifications
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)
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
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
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
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
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)
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.
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