Articles by Bimal Jain

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"Close some doors not because of pride or incapacity, but simply because they no longer lead somewhere and start a fresh." - Paulo Coelho Overview of the SVLDRS, 2019: In the Union Budget 2019-20, the Hon’ble Finance Minister announced the Sabka Vishwas (Legacy Dispute Res..

Posted in GST  2 comments |   1613 Views




Synopsis: The Hon'ble Gujarat High Court in the matter of AAP & Co. vs Union of India has grants interim relief in writ challenging imposition of late fees for late filing of GSTR-3B under Section 47 of the CGST Act. Facts: M/s AAP & Co. ('the Petitioner') filed writ petiti..

Posted in GST  2 comments |   4824 Views




Synopsis: The AAR, Tamil Nadu in the case of M/s Chennai Port Trust has held that the amounts received on or after July 1, 2017 towards interest, late fees, penalty relating to services of lease/rent, due to delayed payment of consideration for those services rendered by Applicant before July 1, 201..

Posted in GST |   2643 Views




Synopsis: The West Bengal AAR in the matter of Siemens Ltd. has ruled that the Applicant is deemed to have supplied works contract service to KMRCL on July 1, 2017 to the extent covered by the lump-sum that stood credited to its account on that date as mobilisation advance and GST is leviabl..

Posted in GST  1 comments |   1897 Views




Synopsis: The Tamil Nadu AAR in the matter of Chennai Port Trust has ruled that the Applicant, providing medical services and medicines as part of mandated rules, is not entitled to take credit of input tax on the inward supply of medicines used in providing free medical facilities to the employe..

Posted in Others |   939 Views




Facts: M/s Raymond UCO Denim Private Limited ('Raymond' or 'the Petitioner'), approached the Hon'ble Bombay High Court challenging the vires of Rule 89(5) of the CGST Rules, 2017('CGST Rules') on the ground that it runs contrary to the provisions of Section 54(3) of the CGST Act, 2017('CGST Act')..

Posted in GST |   3413 Views




The CBIC has issued GST audit Manual 2019 after approval by the Board. The Board vide its letter F. No. 221/03/2013 - CX-6 dated August 30, 2018 requested to Directorate General to prepare a manual on Audit in GST for the consideration of the Board. The said GST audit manual co..

Posted in GST  1 comments |   4829 Views




The legislative changes would come into effect only upon the enactment of the Finance (No. 2) Bill, 2019. Current provisions Proposed provisions Effect Section - 41 (Delivery of departure manifest or export manifest or e..

Posted in Union Budget |   865 Views




A dispute resolution cum amnesty scheme called the Sabka Vishwas Legacy Dispute Resolution Scheme is being introduced for resolution and settlement of legacy cases of Central Excise and Service Tax. The proposed Scheme covers past disputes of taxes which have got subsumed in GST namely Central Ex..

Posted in Union Budget  2 comments |   1264 Views




Goods and Services Tax Amendments carried out through the Finance (No. 2) Bill, 2019 come into effect on the date of its enactment, unless otherwise specified. Amendments carried out in the Finance Bill, 2019 will come into effect from the date when the same will be notified, concurrently w..

Posted in Union Budget |   1464 Views






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