GST / Goods & Service Tax Archive

GST Aspects in Real Estate Sector by Adv. Pawan Arora (Webinar Recording)

GST Aspects in Real Estate Sector by Adv. Pawan Arora (Joint Partner, ALA Legal). In this webinar video recording following 5 transactions of Real Estate Sectors are Discussed : Joint Development Agreement (JDA) 1. Transfer of Development Rights 2. Construction Service to Landowner 3. Construction of Flats/Units by Developer intended for sale to Buyer 4. …

Inverted Duty Structure: Concept introduced but not followed

Recently, Central Board of Indirect Taxes and Customs has issued clarification vide Circular No. 135/2020 through which the Government has excluded the traders from claiming refunds under Inverted Duty Structure and has restricted its applicability only to the cases where the inputs and output supplies are not the same. This article has critically analyzed the …

Eye Share: Initiative to Issue Pending GST, Customs and Income-Tax Refunds Immediately – A Welcome Move

Amidst the COVID-19 crisis, Ministry of Finance (MoF) yesterday announced yet another relief measure to provide immediate respite to the individuals and the business entities. Govt. issued a press note stating that it shall issue all the pending refunds under Income tax, GST and Customs. Mr. Puneet Agrawal (Partner) along with Ms. Shuchi Agrawal (Manager, ALA Legal) comment that said …

Refund under GST – Amendment in CGST Rules w.e.f. 23.03.2020

Tax Management India .com               https://www.taxmanagementindia.com  Refund under GST – Amendment in CGST Rules w.e.f. 23.03.2020 An Article By: – Pawan Arora April 7, 2020 In this Article, published in Tax Management India (TMI), an effort has been made to sum-up the Changes related to Refund under CGST Rules amended vide Notification No. 16/2019- Central Tax dated 23.03.2020, effective from …

Analysis of Relief Measures provided under GST Law due to COVID-19 outbreak

CBIC has in view of the emergent situations being faced by taxpayers on account of corona virus outbreak issued various relief measures relating to statutory and regulatory compliance matters under various provisions of GST Law. A brief analysis of the Notifications 30/2020 to 36/2020 dated 03.04.2020 are summarized hereunder: 1. GSTR-3B– Relief from Interest payable …

Aadhar Authentication under GST

Aadhar Authentication is required under GST for obtaining GST registration w.e.f. 01.04.2020. Every registered person under GST is also required to get Aadhar Authentication otherwise his/its registration shall be deemed to be invalid. However, as on date no manner is prescribed for Aadhar Authentication of persons who are already registered under GST or who have …

Government allows bunching of refund claims across FYs as per directions of the Hon’ble Court in the M/s Pitambra Books Pvt Ltd. W.P(C) No. 627 of 2019

The CBIC recently issued the Circular No.135/05/2020 – GST dated 31.03.2020, incorporating the direction of the Hon’ble Court in the Case of M/s Pitambra Books Pvt Ltd. W.P(C) No. 627 of 2019, wherein Court had passed an order Staying the Para 8 of the Circular No. 125/44/2019-GST dated 18.11.2019, (which had imposed the restriction that …