Articles by Bimal Jain

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Activities to be undertaken for GST Compliances of FY 2022-23 in March 2023

Bimal Jain 14 March 2023 at 11:04

We have listed down certain important activities for the smooth transition/ closure of FY 2022-23

Key highlights of the proposed Customs & Excise changes in Union Budget 2023-24

Bimal Jain 02 February 2023 at 14:29

The Finance Minister has introduced the Finance Bill, 2023 in Lok Sabha today, that is February 1, 2023. Changes in Customs, Central Excise, GST law and rates have been proposed through the Finance Bill, 2023.

Key highlights of the proposed Income Tax changes in Union Budget 2023-24

Bimal Jain 02 February 2023 at 13:53

The provisions of Finance Bill, 2023, relating todirect taxes seek to amend the Income-tax Act, 1961 ("the IT Act"), to continue reforms in direct tax system through tax reliefs, removing difficulties faced by taxpayers and rationalization of various provisions.

Key highlights of the proposed GST changes in Union Budget 2023-24

Bimal Jain 02 February 2023 at 13:34

Amendments proposed in the Finance Bill, 2023, vide Clause 128 to 144 except clause no. 142, will come into effect from a date to be notified

Expected Changes in GST; Union Budget 2023-24 in the Finance Bill 2023

Bimal Jain 31 January 2023 at 12:29

Expected Changes in GST | Union Budget 2023-24

Recovery under GST without issuance of SCN is not permissible

Bimal Jain 26 October 2022 at 10:41

There was amendment in sec 75(12) of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), which were introduced vide the Finance Act, 2021 but brought into effect only from January 1, 2022 through Notification no. 39/2021-central tax dated December 21, 2021.

Activities to be undertaken w.r.t GST Compliances for the FY 2021-22 in September 2022

Bimal Jain 26 September 2022 at 13:09

We have listed down certain important activities for the smooth amendment/ transition/ closure of FY 2021-22 for GSTR 9 & GSTR 9C

GST on Restaurant Services through Zomato, Swiggy, etc. & Reporting in GSTR-3B

Bimal Jain 04 August 2022 at 09:04

A new table Table 3.1.1 has been inserted as per [Notification No. 14/2022 – Central Tax dated July 05, 2022] in Form GSTR-3B and the same will be available on the GST portal from August 01, 2022 wherein both the ECO and registered restaurant can report supplies made under Section 9(5) of the CGST Act

Who are liable to generate e-invoice w.e.f 1st Oct 2022

Bimal Jain 03 August 2022 at 17:07

The GST Council, in its 37th meeting held on 20.09.2019, has recommended introduction of electronic invoice ('e-invoice') in GST in a phased manner. E-invoicing was initially made applicable w.e.f 01.10.2020 for the registered person having aggregate turnover of Rs. 500 crore and above only.

Important Changes in GST w.r.t Foods industry w.e.f July 18, 2022

Bimal Jain 19 July 2022 at 16:35

Earlier, there was exemption from GST on Unbranded or Branded Commodities where right on the brand has been foregone which has been done away w.e.f July 18, 2022, and now GST exempted only when it is not a pre-package and labelled commodities.