Articles by CA Roopa Nayak

Discounts and Incentives - Implications under GST

CA Roopa Nayak 08 January 2024 at 12:09

BackgroundIn GST regime, the dept has been issuing notices, making tax demands on discounts and incentives given to the suppliers, especially in context of deal..

GST implications - Reimbursed Electricity Charges

CA Roopa Nayak 01 January 2024 at 09:03

BackgroundIn recent times, there has been spate of notices issued by GST dept demanding GST with interest penalty on the reimbursement of electricity charges, c..

Hostels/PGs and GST exemption for residential accommodation

CA Roopa Nayak 20 November 2023 at 08:51

In this backdrop, the paper writer has examined GST exemptions available to this sector under GST,as well as whether GST would be liable on renting of residential accommodation as well as on hostels charging upto Rs.1000 per day per unit post 18.7.2022.

Cross Charge under GST - Recent Developments

CA Roopa Nayak 03 August 2023 at 09:53

In this backdrop, the latest circular 199/11/2023 was issued regarding ISD mechanism, tax on the input services procured by HO for branches as well as clarifying on services supplied between branch offices of entity in different states.

Common issues raised in GST dept audit

CA Roopa Nayak 15 May 2023 at 11:13

In the course of audit done by dept under section 65 of the CGST Act, certain issues/objections could be raised. The assesses have to carefully examine the matter, give their explanation.

ITC and CSR Expenses

CA Roopa Nayak 11 February 2023 at 12:48

In this article, the author has examined the eligibility of ITC on expenses related to CSR, in light of the proposed amendment in Budget 2023.

Rule 37 : Reversal of ITC on non-payment to vendors within 180 days

CA Roopa Nayak 30 January 2023 at 08:48

In this article, the author has examined the non-payment to vendor within 180 days of invoice date and the implications thereof to assessee.

GST department audit and approach by taxpayers

CA Roopa Nayak 23 January 2023 at 10:01

In this article, the paper writer has examined the provisions of Audit under section 65 as well as best practices in facing GST dept audit.

Difference in ITC availed in GSTR 3B versus GSTR 2A and circular 183/15/2022-GST

CA Roopa Nayak 17 January 2023 at 17:21

Under GST law, input tax credit [ITC] can be availed by the registered person on the inward supplies of goods/services used/intend to be used in course of business of making taxable supplies/zero rated supplies.