Adv. Pawan Arora
13 articles written by Adv. Pawan Arora on ConsultEase.
New Tax structure for real estate sector
New Tax structure for real estate sector: 1. One time option – to pay tax at existing rates on ongoing projects 3 2. New Tax Rates 8 3. Conditions for New Tax Rates 13 4. Calculation of ITC attributable to construction in a project, time
JDA Under GST
1. Joint Development Agreement 1A. Taxability On Transfer of Development Rights Development rights are Immovable Property Law relating to immovable property Finance Act, as well as the GST Act, does not provide for the definition of immovable property. Transfer of Property Act covers the law
GST LitigationBefore denying credit to the buyer, catch/enquire the Supplier at first place
Input Tax Credit – Section 16 of CGST Act – Non-Payment Of Tax By Supplier Before denying credit to the buyer, catch/enquire the Supplier at first place – Madras High Court 1. Section 16(2)(c) of the CGST Act, provides that tax has been actually paid
GST ComplianceRelief Measures – GST Law
Finally, CBIC also comes up with certain reliefs relating to statutory and regulatory compliance matters under various provisions of GST Law due to the Lockdown situation at multiple locations of the Country. A brief analysis of the Notifications 08/2021 to 14/2021 dated 01.05.2021 are summarized
GST ComplianceINPUT TAX CREDIT: Mismatch in GSTR-3B Vs. GSTR-2A/2B: Rule 36(4)
Whether ITC can be denied merely on the ground of mismatch between ITC claimed in GSTR-3B and reflected in GSTR-2A/2B? 1. From last one year, discrepancy notices in GST ASMT-10 have been issued by the GST department of almost all States. The said Notice
GST ComplianceOnline Games: Valuation & Classification of Service: GST Law of India
Moot Questions What is the Value of services provided by a Company providing an online platform to the Players participating in the online game? What is the applicable rate of GST on the services of providing a platform for online games? A. Example for
GST ComplianceBrief on Recommendations of 43rd GST Council Meeting Held On 28th MAY, 2021
Measures for Trade Facilitation 1. Easing compliance of Annual Return for FY 2020-21 Taxpayers having aggregate turnover above 5 crores are required to file GSTR-9C for FY 2020-21 and can self-certify the same. However, Team Athena understands the complexity involved in certifying GSTR-9C and is
GST ComplianceJoint Development Agreement (JDA): Landowner’s Share – ITC And Time of Supply
Amendment In 43rd GST Council Meeting And Notifications Dt. 02.06.2021 In an Area Sharing Joint Development Agreement: Landowner transfers development rights of their owned land to Developer and The developer develops and constructs superstructure inter-ala for the landowner on the Landowner’s share of Land. 2.
GST ComplianceHSN Classification: Fortified Rice Kernels (FRK)
Advance Ruling Mislead The Industry And Shown Incorrect Path Knocking On The Doors Of Government & GST Council Is Required 1. Manufacturers of FRK in the entire industry were classifying the FRK under Chapter Heading 1006 taxable to GST @ 0% (unbranded Rice) & 5%
GST ComplianceTime Limit For Compliances And To Issue Show Cause Notice & Filing Appeals
Brief Discussion in light of Apex Court Judgement & CBIC Circular dated 20.07.2021 1. The Hon’ble Supreme Court vide order dated 23.03.2020 has directed that the period of limitation in filing petitions/ applications/ suits/ appeals/ all other proceedings, irrespective of the period of limitation
W.e.f. 01.01.2022 – Mandatory Matching of Input Tax Credit ITC Can Be Availed Equal to ITC Reflected in GSTR 2a/2b
W.e.f. 01.01.2022 ITC in GSTR-3B can be availed only when the invoice details have been furnished by the Supplier in its GSTR-1 and the same has been communicated to the recipient in GSTR-2A/ 2B. Section 16(2)(aa) of the CGST Act (as inserted by Finance Act
Changes in GST Law Effective from 01.01.2022
Introduction GST law has been rapidly evolving with the addition and deduction of provisions in the past four years. Now, as we welcome the New Year 2022, the Government has presented us with some changes to be made effective from the 1st of January, 2022.