THE ORIGIN AND THE EVOLUTION In our growing up years whenever we had occasions to learn the elementary lessons in Civics, I used to wonder how a great nation like the UK could function and thrive without a written Constitution, especially the one that is known as the mother of all democracies. Today when we …
One of the disappointments that has been weighing down the Indian collective psyche was the failure of Chandrayaan 2 that crash landed on the moon on 6th September 2019. The country’s PM returning dejected from the space station with the scientific community in despair were not a remarkable sight. When Chandrayaan 3 landed on the …
GST Appellate Tribunal in various states has been announced
All about Digital Personal Data Protection Bill
No Interest, No Penalty can be levied under Customs Act | Landmark Decision
Clarification on Transactions between Head Office and Branch Offices
Clarification on ITC & Methodology For Issue of Supply of Goods Against the Warranty Claims
While we are celebrating completion of 6 years of implementation of GST and GST Council is sincerely feeling to resolve the issues. Still, exporters are struggling due to delay in refund or lock up of funds on account of accumulated input tax credit due to exports. In the year 2017-18, we have seen number of …
The Constituent Assembly of India was elected in 1946 to write the Constitution of a newly independent nation. The motley crowd of 389 erudite members with impeccable records gave us our Constitution that has been revered by all of us, ever since. Though this Assembly gave us the Constitution that we now behold, it also failed in …
There are times when you find it difficult to describe India to a foreign national. The reason is not that you are challenged in our expressions. It is because of the obvious and inherent contradictions that you find all around us. We have the Taj Mahal, the marvel built by the Mughal Emperor Shah Jahan …
Landmark Decision on GST Credit: Impact on Taxpayers Explained
Clarification on Is E Invoicing Mandatory For Your Business?
Clarification on How to calculate interest on IGST credit wrongly availed and utilized
Clarification on taxability of share capital
Clarification on TCS liability under Sec 52 of the CGST Act, 2017
A taxpayer can claim the ITC during the revocation of cancelled GST registration.
clarification on Circular No. 197/09/2023- GST regarding refund related issues by CMA Ashok Nawal. Clarification on the issues detailed hereunder. 1. Refund of accumulated input tax credit under Section 54(3) on the basis of that available as per FORM GSTR 2B 2. Requirement of the undertaking in FORM RFD 01 inserted vide Circular No. …
The Goods and Service Tax Act (GST) was implemented in India with the vision to broad base taxation, introduce seamless credit and the best practices across the world being adopted. The Government focused on many initiatives among which we have “ease of doing business” and “one nation one tax”. The framers of this comprehensive indirect …
Clarification to deal with difference in ITC
Our Founder, CMA Ashok Nawal, talks about the 6 years of GST. He also shares some more important insights and certain aspects which still need attention from the GST Department.
