Articles by CA. Heet Shah

Significance of Deemed Export under GST

CA. Heet Shah 21 March 2023 at 08:49

Deemed exports are a type of transaction under the Goods and Services Tax (GST) regime that involve the supply of goods or services that are not physically exported from India but are deemed to have been exported.

Changes in GST vide Union Budget 2023

CA. Heet Shah 01 February 2023 at 17:02

Change in Sec.10 of CGST Act (Composition Scheme for Supplier of Goods via E-commerce)

Effects on Goods Transport Agency due to recommendation of 47th council Meeting

CA. Heet Shah 13 September 2022 at 08:59

The terms GTA has not been defined under GST Act, 2017, GST Rules. It is presently defined under the Notification No. 12/2017- Central Tax (Rate) and Notification No. 9/2017-Integrated Tax (Rate) both dated 28-6-2017.

Benefits of Debit Notes delinked from Sale Invoices under GST

CA. Heet Shah 12 September 2022 at 08:48

With effect from 01.01.2021, section 16(4) of the CGST Act, 2017 was amended videthe Finance Act, 2020, so as to delink the date of issuance of debit note from ..

Key Judgments: Goods in transit, Variants of advances, Corpus Fund

CA. Heet Shah 09 June 2022 at 09:01

Once supply is made it is crucial to determine the Time of supply "event triggering the liability". Therefore it is of utmost importance to understand the time of supply which is provided in Section 12/13/14 of CGST Act,2017 and section 20 of IGST Act,2017.

Time limits of Scrutiny and Audit under GST Act

CA. Heet Shah 08 June 2022 at 09:13

GSTR-1 is a monthly filing on 10 of Subsequent Month which discloses GST liability of Taxpayer.

Provision to Link Bank Account Details with GSTIN, by CBIC

CA. Heet Shah 27 September 2021 at 10:19

To avoid revenue leakages or safeguard the honest taxpayers, CBIC has come up with a provision to Link Bank account details with GSTIN.

Special benefits on contribution by corporates under NPS

CA. Heet Shah 26 August 2021 at 09:38

National Pension Scheme is a scheme introduced to cultivate a habit to save money for pension. It is available to any person between the age group of 18-65 years.

Datewise Analysis of GST Notifications 19 & 20

CA. Heet Shah 09 June 2021 at 09:32

CBIC has issued few notifications in which they have provided relaxation to the taxpayers who have failed to file GSTR from July 2017 to April 2021. Discussing the same in this article.

Retrospective Amendment - Interest on Tax payable under Section 50 on Net Tax liability

CA. Heet Shah 08 June 2021 at 09:27

Section 112 of the Finance Act 2021 shall come into force on 1st June 2021. This section seeks to amend Section 50 of the CGST Act, 2017 which relates to Interest on Delayed Payment of GST.