Articles by NITIN GOYAL

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In terms of Sr. No. 1 of paragraph 1 of Notification No. 13/2017- Central Tax (Rate) dated 28.06.2017, Central Government had earlier notified the applicability of reverse charge on GTA by providing that Supply of Services by a goods transport agency (GTA) in respect of transportation of goods by ro..

Posted in GST  4 comments |   4146 Views




GST Council had earlier decided to defer the filing of return in FORM GSTR-3 and had recommended the filing of return in FORM GSTR-3B. Accordingly, the Central Government vide notification No. 21/2017-Central Tax dated 08.08.2017 had notified the last date for filing of return in FORM GSTR-3B for th..

Posted in GST  16 comments |   12898 Views




Transportation of goods by road are done by transporter or courier agency. Here, we are discussing transporter. Transporter can be of two types:  a. Goods Transport Agency (GTA) - like VRL Logistic or TCI XPS b. Transport (i.e. Vehicle) Owners The real difference between GTA and Transp..

Posted in GST  35 comments |   62457 Views




Prior to introduction of GST, Reverse Charge Mechanism was common for Service Sector as several of the services were in Reverse Charge. Thus Service Sector is well comfortable with the Reverse Charge provisions. However the goods sector is in dilemma as with GST set to be roll-out from the mid-night..

Posted in GST  10 comments |   11495 Views




There will be a change in Valuation Mechanism relating to valuation of unquoted equity shares for the purposes of section 56 and section 50CA of the Income-tax Act, 1961 as per Draft rules issued by CBDT. Earlier if Jewellery, artistic work, shares, securities, and immovable property are held as ..

Posted in Income Tax  1 comments |   5003 Views




Currently, a person may have different registrations under different indirect tax statutes like Excise Duty, Service Tax and State VAT/Sales Tax. Provisions relating to registration, returns, credits, payment, refund, invoicing, assessments etc. vary under all these different statutes. Further in ca..

Posted in GST  1 comments |   1965 Views




The Honorable President of India has already given his assent to four supporting legislations on GST i.e. CGST, IGST, UTGST and Compensation Cess after getting it passed by both the houses of parliament paving the way of rollout of GST from 1st July 2017. The GST Council on its 13th Meeting held ..

Posted in GST  1 comments |   6881 Views




Several significant milestones towards the smooth role out of GST have already been achieved by the government. Four Major bills relating to GST have already been passed by Lok Sabha. All major rules for implementation of GST have also been issued in public domain. In order to give a big relief t..

Posted in GST  4 comments |   2978 Views




Government is not leaving any stone unturned to get the GST implemented from 1st July, 2017. Now with the Introduction of GST Bill in Parliament, it now appears certain that India will be headed for a GST rollout from 1ST July, 2017. Government earlier on June put in public domain the Model GST L..

Posted in GST  9 comments |   4249 Views




With the Introduction of Negative List Regime in the year 2012, all services becomes taxable except the services which are covered in Negative List or which are exempted by government through issue of any exemption notification. Earlier to Finance Act, 2016, Following services of Educational Inst..

Posted in Service Tax  5 comments |   10668 Views






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