Articles by CA Somil

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GST implications on out-of-court settlement

  CA Somil    08 May 2023 at 08:44

Out of Court Settlement is resolution of a legal dispute which takes place outside of a court proceeding or before the court comes to a final decision.

Posted in GST |   7022 Views

GST implications on freight forwarder and exporter of goods

  CA Somil    10 April 2023 at 08:56

Place of supply provisions relating to freight forwarder and exporter as well as proposed changes in those provisions vide Finance Act, 2023.

Posted in GST  1 comments |   14083 Views

ITC eligibility of CSR expenditure under GST and Finance Bill, 2023

  CA Somil    20 March 2023 at 08:54

Upto March 2014, the companies were undertaking CSR activities as per their internal polices. However, from 1 April 2014, the section 135 of Companies Act, 2013 made mandatory for certain categories of companies to undertake CSR. Also, the activities which should be undertaken as part of CSR are listed in Schedule VII to the Companies Act, 2013.

Posted in GST |   10169 Views

E-invoice and recent circular under GST

  CA Somil    16 March 2023 at 09:01

Every registered taxable person whose aggregate annual turnover exceeds Rs. 10 Cr in any of the financial year starting from 2017-18 is liable to issue e-invoice by way of uploading its tax invoice in json file on Invoice Registration Portal (IRP) in accordance with e-invoice schema in INV-01 and getting back digitally signed json from IRP with IRN and QR Code.

Posted in GST  1 comments |   34332 Views

Concept of Missing Invoice under New GST Returns

  CA Somil    24 April 2020 at 10:30

Can recipient take credit of invoice not uploaded by supplier in his GST Return. The answer to the said question is given in this article.

Posted in GST  2 comments |   13357 Views

Condition for claiming refund of unutilised Input Tax Credit(ITC)

  CA Somil    20 April 2020 at 10:35

The refund of accumulated ITC shall be restricted to the ITC as per those invoices, the details of which are uploaded by the supplier in FORM GSTR-1 and are reflected in the FORM GSTR-2A of the applicant.

Posted in GST  1 comments |   3545 Views

Whether Advance Ruling Authority can determine issue relating to Place of Supply

  CA Somil    08 April 2020 at 10:47

Whether Advance Ruling Authority can determine issue relating to Place of Supply. Let us understand it in respect to the Kerala High Court Ruling.

Posted in GST |   1618 Views

Concessional GST rate for small service providers

  CA Somil    26 April 2019 at 11:10

Exemption from registration for person engaged in exclusive supply of goods [Notification No. 10/2019-Central Tax dated 7 March 2019] Any person who is exclu..

Posted in GST |   3639 Views

"E-way bill in Bill to Ship To" Model

  CA Somil    24 April 2018 at 10:59

The Government vide Press release dated 23/04/2014 has given clarifications in relation to requirement of e-Way Bill for "Bill To Ship To" model of

Posted in GST  11 comments |   15195 Views

Late Fees under GST

  CA Somil    02 January 2018 at 11:27

A Provisions relating to Late FeesThe section 47 of the GST Act requires the registered person to pay late fees where returns are not filed by due date. The sai..

Posted in GST  3 comments |   38536 Views