November 3, 2022
The Indian tax system has undergone significant changes over the past decade. Tax rates, laws, and litigation have all been made simpler to increase compliance, ease of payment, and enforcement. Pre-GST litigation is important for business to increase their tax revenue.However, the effects of direct/indirect tax litigation and tax administration rationalisation are a never-ending process.
November 3, 2022
Table of Contents 1GST on construction industry and its GST provisions2Supply of goods or supply of services3GST taxability on construction industry 4GST on construction industry as effective DateGST Rate Structure for Residential Real Estate ProjectGST on Construction industry : 1%/ 5% new GST rates applicability5Applicability of Reverse Charge Mechanism 6Claim upto 100% Input Tax Credit The construction industry
November 3, 2022
Table of Contents 1What is Breach of contract under GST2GST applicability on amounts paid due to breach of contract3GST Applicability on Liquidated Damages4Which Types of Payments are Taxable under GST In simple terms, a ‘Contract’ is an agreement entered between the parties creating mutual obligations enforceable by law. Accordingly, as and when one party fails
October 10, 2022
Table of Contents 1Can I modify the e-invoice?Are there any other possibilities? 2Is it possible to cancel an e-invoice?GST portal e-invoice cancellationIRP Functions: A Quick OverviewWhat is the IRP Amendment and CancellationWhat is GST portal amendment and cancellation?3In which cases cancellation of e-Invoice in GST doneCancel your e-invoiceDebit and credit notesGST Portal Modification4Cancellation of e-Invoice in
October 7, 2022
Table of Contents 1Summons under GST Provisions2Summons under GST: Issued guidelinesObtaining prior permission for issuance of summonsSpecified details to be covered in the summonsDetails to be maintained in the summons fileGeneral GST guidelines3In which situations summons should be avoided4Summons under GST : Takeaways In general, a ‘summons’ is a legal document issued by a court/
September 28, 2022
As we know, various indirect taxes are subsumed into one single tax i.e. Goods and Services Tax (GST). Accordingly, transition provisions were incorporated under GST to ensure smooth and hassle-free migration from erstwhile laws into GST law. We are discussing on filing or revising TRAN 1 and TRAN 2 guidelines and SC court judgments.One of