Articles by Vivek Jalan

Discipline regarding "quasi-criminal" penal proceedings

Vivek Jalan 24 August 2023 at 09:02

Discipline regarding penal action under various tax laws are widely discussed. Two interesting recent cases under Income Tax allows one to reflect further.

Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS

Vivek Jalan 19 August 2023 at 08:41

Assessments of EPC contractors cannot be done merely by assuming and comparing accounts with Form 26AS same is applicable even for professionals

Taxing Credit Card Service Interest and Loan Interest - Banks Seek GST Council Clarification

Vivek Jalan 10 August 2023 at 09:08

Interest as credit card services is leviable to GST… Interest on loan is not – Banks may seek clarity from GST Council

Impact of restricting imports on Laptops, Tablets, PCs, Servers etc.

Vivek Jalan 05 August 2023 at 14:23

Vide Notification No. 23/2023 dated 3rd August 2023 issued by the DGFT, with immediate effect, import of laptops, tablets, palmtops, all-in-one personal computers, and ultra-small form factor computers and servers falling under HSN 8741 will be 'restricted' and their import would be allowed only against a valid licence for restricted imports

Sugar Manufacturing Co-operatives may now get their old IT demands dropped by filing applications u/s 154 and 155(19)

Vivek Jalan 05 August 2023 at 09:11

The recent amendments in the Income Tax Act have provided much-needed relief to co-operative sugar factories operating in India by allowing deductions for sugarcane purchases made at or below the government-approved price. T

Analysis of GST Notifications dated 31st July 2023

Vivek Jalan 01 August 2023 at 17:27

One more set of notifications have been issued under GST, even as we await the 51st GST Council Meeting to be held on 2nd August 2023.

GST Implications for EV Charging Stations: Charging Services and Taxation at 18%

Vivek Jalan 01 August 2023 at 08:59

EV Vehicles charging stations to provide ‘battery charging service’ and not supply or distribution of ‘electricity’ – liable to GST @ 18%

Impact Analysis of Rate Notifications issued post 50th GST Council Rate Decisions

Vivek Jalan 28 July 2023 at 09:06

Analysis of Rate Notifications issued post 50th GST Council Rate Decisions

GST Refunds on Cancelled Contracts: Supplier Obligations Explained

Vivek Jalan 27 July 2023 at 08:58

Incase of cancellation of contracts, the supplier cannot sit on refund of GST to the recipient, pending receipt of refund from the GST Department