CA Tushar Aggarwal
15 articles written by CA Tushar Aggarwal on ConsultEase.
All About GSTR 2B – A new return launched by GSTN
GSTR-2B Enabled by GSTN GSTR-2B available from the month of July 2020 New features in GSTR-2B Static GSTR-2B • Static statement and available once a month • Freezing of data on the 12th of the month succeeding the month • Say, for the month of
Interest on Net Cash Liability
Interest on Net Cash Liability Amendment to Section 50 notified w.e.f. 01.09.2020 Section 100 of Finance Act inserting a proviso to Section 50(1) has been notified w.e.f. 01.09.2020 vide Notification No. 63/2020-CT dated 25.08.2020. The proviso to Section 50(1) Interest on net cash liability where •
Detailed Analysis of GSTR 9 and GSTR 9C
Detailed Analysis of GSTR 9 and GSTR 9C Requirement of Audit Annual Return Section 44(1): A registered person is required to furnish an annual return. Reconciliation & Audit Section 35(5): Requirement to get accounts and other records audited by a CA/CWA if aggregate turnover during
GST – Cross Border Transactions Including SEZ, EOU and FTWZ
GST – Cross Border Transactions Including SEZ, EOU, and FTWZ Basic Provision Import and Export Import of Goods [S 2(10)] Bringing goods into India from a place outside India Export of Goods [S 2(5)] Taking goods out of India to a place outside India Interstate
GST on Sale of Developed Plot
GST on Sale of Developed Plot The scheme of legislative powers under the Constitution of India is clearly demarcated with separate fields being given to the Centre and State to legislate. These powers are governed by Article 246 read with the Seventh Schedule to the
GST Implications on Deputation and Secondment of Employees
GST Implications on Deputation and Secondment of Employees Introduction It is a common practice (especially in group companies) that an employee employed with one company is deputed for work to another company. During such deputation or secondment, such employee works under the direction, supervision, and
Contractual Obligation To Pay To Vendors After 180 Days – A Controversy On ITC Reversal
Contractual Obligation To Pay To Vendors After 180 Days – A Controversy On ITC Reversal Management of cash flows during the COVID-19 pandemic presents novel challenges. To manage cash flows, Taxpayers would reshape their payment plans to vendors in this crucial time. The buyers of
10 Case Studies under GST
10 Case Studies under GST Case Study 1 GST implications on ICAI membership fees and similar bodies? What is the supply? Section 7 of the CGST Act (1) Supply includes (a) all forms of supply of goods and/or services such as sale, transfer, barter, exchange,
Top 15 issues faced by Taxpayers
Top 15 issues faced by Taxpayers Question 1 GST on salary paid to directors – Clay Crafts India Pvt Ltd? Applicability of RCM on the director’s salary RCM Notification requires a company to pay tax for the services provided by the director Schedule III –
Taxability of Service by Directors
Taxability of services provided by a director In GST, provisions relating to Authority of Advance Rulings (“AAR”) were enabled to provide certain aid to the taxpayers with respect to unerring interpretation of the legal provisions. However, with flooding of pro-revenue and certain implausible rulings, it
Reversal of service tax credit on receipt of completion certificate by a developer in GST Regime – A Controversy
Reversal of service tax credit on receipt of completion certificate by a developer in GST Regime – A Controversy Background Once a booming industry, the current phase through which the real estate industry is passing through can be at least said to be a slow-down
GST Due Dates and Other Changes
GST Due Dates and Other Changes Relief in respect of due date on account of COVID-19 Taxpayers who are required to deduct tax at source, ISD, non-resident taxable person and the person required to collect tax at source have been allowed to furnish return/statement for