Articles by CA Roopa Nayak

ITC - Sales promotion vs gifts under GST

CA Roopa Nayak 05 July 2021 at 09:01

In this article, the paper writer has examined the sales promotion expenses incurred, the eligibility to avail credit on these expenses and the restricted credit on gifts.

Exemption from GST for Residential Welfare Association - An Update

CA Roopa Nayak 13 August 2019 at 11:17

BackgroundIn the past under erstwhile service tax laws, several of the RWA�s had been citing mutuality concept to claim exclusion from tax net. The doctri

Update on GST-Construction done for landlord under Joint Development Agreements after April 2019

CA Roopa Nayak 13 August 2019 at 11:17

BackgroundJoint development agreements or JDA, are entered into by the land owners with developers. The land owners may not be having the resources or technical..

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]..