A knowledge sharing initiative - December-2024

  • Category: H N A News Letter
  • Date: 15-01-2025
  • Writer: H N A Team

A knowledge sharing initiative - November 2024

  • Category: H N A News Letter
  • Date: 02-01-2025
  • Writer: H N A Team

Clearing the Fog by way of “As is where is” basis regularizations

  • Category: GST
  • Date: 30-12-2024
  • Writers: - CA Lakshman Kumar Kadali, CA Asha Latha Tasupalli

 

Disputes in businesses are inevitable, notably on account of tax-related disputes. The 7 years long safari of Goods and Services Tax (GST) since its implementation has demonstrated that GST is no exception, as it has been riddled with interpretational challenges, absurdity of provisions, frequent amendments, etc.  Amidst of all this, the trade and industry has adopted diverse practices concerning the tax rates, exemptions and more, often due to differing interpretations of rate &...

Read more

Tax Deduction at Source (TDS) under GST – Inter-State Supply

  • Category: Others
  • Date: 04-12-2024
  • Writers: CA Divya Bala, CA Shilpi Jain

Section 51 of the Central Goods and Services Tax Act, 2017 (Act) is the provision relating to Tax deduction at Source (TDS) under GST, as per which certain recipients (‘customer’), as mentioned in the said provision and also notified vide various notifications, are required to deduct 1 % from payment made or credited to supplier of taxable goods or services and remit to the Government exchequer. This provision has come into force w.e.f. 01-10-2018[1].

However, there is a confusion in...

Read more

Changes and Compliances in GSTR 9 & 9C-FY 2023-24

  • Category: GST Updates
  • Date: 04-12-2024
  • Writers: CA Akshay M Hiregange, CA Mahadev R

Introduction

Action of departmental audits ma impact the landscape of annual return filing. Considering the various changes in the GST law in the past year, this article aims to provide clarity on the filing of annual returns (Form GSTR 9) and reconciliation statement (Form GSTR 9C) along with required reconciliations, best practices, advanced issues & solutions and tips as applicable for financial year (FY) 2023-24.

Due date – 31st December 2024. The due date is not expected to be...

Read more

A knowledge sharing initiative - October 2024

  • Category: H N A News Letter
  • Date: 02-12-2024
  • Writer: H N A Team

A knowledge sharing initiative - September 2024

  • Category: H N A News Letter
  • Date: 04-11-2024
  • Writer: H N A Team

A knowledge sharing initiative - August 2024

  • Category: H N A News Letter
  • Date: 26-09-2024
  • Writer: H N A Team

Introduction of RCM liability/ITC statement

  • Category: GST Updates
  • Date: 20-09-2024
  • Writers: CA Divya Bala, CA Shilpi Jain

Limitation Period under GST

  • Category: GST Updates
  • Date: 17-09-2024
  • Writers: CA Akshay M Hiregange, CA Mahadev R

Introduction

The ability to prefer an appeal in the litigation process is a given. Although there have been many instances where, due to the timing of presenting the appeal, it has been rejected due to time limitations. There have been few for and few against decisions by various high courts in GST. In this article, we deliberate on the applicability of time limitations under the GST law and take the readers through various judgements to arrive at a reasonable conclusion in this regard.... Read more