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This article follows the earlier 7 on various aspects of empowerment of professionals seeking to practice in chosen area. In this article we look at professional ethics as applicable to the Chartered Accountant. The other professionals may have similar limitations with some aspects less focused on and a few where the aspects discussed may not be applicable.

All tax professionals would be providing services relating to advisory, assistances ( assignments), representational and attest...

1. Is the recipient eligible to claim a refund? Whether the refund of the unutilized ITC in the e-credit ledger be claimed?

In the case of M/s Britannia Industries Ltd Vs Union of India - 2020-TIOL-1495-HC-AHM-GST the assessee is an SEZ unit being an exporter has procured the goods and services with payment of GST to vendors through Input Service Distributor. Claimed the refund of the accumulated credit as a recipient. The refund was held to be eligible.

Things to ponder:

• Can...

In the earlier articles we covered professional goal setting, gaining the knowledge edge, adequate  skilling, getting the experience needed, the people focus and communicating persuasively. Now the very important aspect of how to quote, negotiate and bill appropriately by the Small and Medium Practitioner following the ethics is examined in this article. None of the sharing done by me is the last word may need customisation. It may most times only validate the professional thought process...

In the earlier article on skilling oneself- article 3, I had touched on skilling oneself which included a number of skills including to be able to communicate persuasively. This is a basic skill which is often not worked on and mistakes can upset the discerning client. It would slow down the professional growth and may be larger clients may not be too happy.

In profession we have many make or break conversations, maybe some on them on the phone. SMS, whatsapp or email. How can we be...

We started the empowerment series with setting professional goals followed by getting the knowledge edge, skilling oneself, gaining the required experience and how to attract, train and retain good employees.

Many professionals come to me and say all that is ok Sir, tell us how to get work. Juniors complain about seniors, seniors on juniors. Most times we are busy safeguarding our knowledge and clients.

The most common question from those in practice who have just started, now, 2...

Generally, any taxation law has many due dates relating to the various compliances. Under GST it has been seen that the month of September is a very important month as many of these due dates, though not falling in such month, are linked to this month i.e. the due dates are defined in different ways as below:

1. Due date of furnishing the return for the month or quarter of September
2. Actual date of furnishing the return for the month of September
3. By the month September.

From the...

We started the series with setting professional goals followed by getting the knowledge edge, skilling oneself and gaining the experience.  This entire exercise may take from 1 to 3 years depending on the decision to specialise or go for a basket of services.

One of the main reasons I personally have been able to have a policy of  not working late is the focus on staff in different ways. In the starting we would appoint anyone who came around when we needed them. We spent a lot of time...

This article has been published in the Chambers' Journal Aug '20 edition.

The credit available under GST is seemingly much wider than what was available under the earlier laws for the mere reason that under GST, credit will be available if it is used for business. However, no tax law can exist without restricting any credit and GST is no exception, which blocks certain credits even if used for business.

It is thus important to understand the extent of the credits blocked under...