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Construction credit under GST - Safari decision

  CA Roopa Nayak    04 June 2019 at 12:14

Background Every supplier shall be liable to be registered in the state from where he makes taxable supplies of goods/services, if aggregate turnover in financi..



Interest payable on net or gross tax liability under GST

  CA Roopa Nayak    01 June 2019 at 14:00

Introduction Under the GST law, filing of returns, availment of input tax credit, payment of taxes is done on-line through GST portal. All assesses are required..



ITC on motor vehicle credit

  CA Roopa Nayak    28 March 2019 at 11:40

BackgroundInput tax credit can be availed on the goods/services used in course of business of making taxable supplies of goods/services or exports. The credit c..



ITC on employee expenses

  CA Roopa Nayak    25 March 2019 at 12:42

Background The GST law sets out that every registered taxable person who carries on any business at any place in India/State, shall be entitled to take..



ITC on gifts under GST

  CA Roopa Nayak    12 March 2019 at 11:26

Background Every registered person is eligible to avail credit of input tax charged on any supply of goods or services, which are used in the course or �f



Free of Cost materials and valuation under GST

  CA Roopa Nayak    19 February 2019 at 11:10

Introduction:Valuation of the goods/service is one of the important aspects as to computation of GST for any assessee. Many a times instead of supplier of good..



Employee recoveries - GST implications

  CA Roopa Nayak    18 February 2019 at 13:16

Background Under GST regime wef 1.7.2017, tax is applicable on supply of goods/services done for a consideration. GST is applicable on goods [moveable property]..



Construction related credit & availment of credit for 2017-18

  CA Roopa Nayak    24 October 2018 at 11:15

Background It is seen that there has been a lot of confusion in the minds of assesses on whether to avail credit of GST paid on the construction of immoveable p..



Eligibility of Input Tax Credit under GST

  CA Roopa Nayak    28 September 2018 at 11:34

BackgroundIn GST regime, input tax credit is available to registered person on goods and services used in course of business of making taxable supplies, subject..



GST Implications of Plotted Development

  CA Roopa Nayak    17 September 2018 at 16:26

Background:Plotted development is a scheme which involves forming land into layout after obtaining necessary plan approval from the Development Authority, get a..




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