Articles by CA. Heet Shah

Analysis of Quarterly Return and Monthly Payment Scheme under GST

CA. Heet Shah 05 December 2020 at 13:26

Taxpayers having an aggregate turnover of up to 5 crores can now file their returns on a quarterly basis and make their payments on a monthly basis through the QRMP Scheme.

Implications of amendments in GST dated 15.10.2020 in Rule 142 of the CGST Rules

CA. Heet Shah 21 October 2020 at 10:58

An analysis of Rule 142 of the CGST Rules before and after the amendment in GST dated 15th October 2020 vide Notification No. 79/2020.

Analysis of amendments in 1st proviso to rule 46 for Invoicing under GST

CA. Heet Shah 20 October 2020 at 11:00

The GST Law requires that an invoice is issued on the occurrence of a certain event, being a supply, within the prescribed timelines. Let us analyze the amendments in 1st proviso to rule 46 for Invoicing under GST.

Implication on HSN Disclosure vide recent GST notifications

CA. Heet Shah 20 October 2020 at 11:00

When a registered person supplies goods or services to a registered person, then HSN is to be provided without any relaxation. However, a registered person with AATO up to 5cr dealing with URD may not provide HSN.

How does one confirm GST applicability on any goods/services?

CA. Heet Shah 03 August 2020 at 10:47

How does one confirm GST applicability on any goods/services?

Non Resident Taxable Person- Tax Implications under GST

CA. Heet Shah 01 August 2020 at 11:00

Section 2(77) of CGST Act defines Non-resident taxable person (NRTP) as any person who occasionally undertakes transactions involving supply of goods /services,..

TCS Mechanism in GST

CA. Heet Shah 01 August 2020 at 11:00

TCS and TDS have some similar and dissimilar features. TDS refers to tax that is deducted when recipient makes some payments under a contract etc.

Implications of GST on Stock Lending Scheme

CA. Heet Shah 09 December 2019 at 10:20

Under GST "services" means anything other than goods, money and securities.The lending of securities is not a transaction in securities as does not involves disposal of securities and hence it gets covered under the definition of service mentioned above. The lending of securities is classifiable under heading 9977119 and is leviable to GST @18%.

Sponsorship service by charitable institute under GST

CA. Heet Shah 09 December 2019 at 10:20

The CBIC has clarified the applicability of GST on gift donations received by the charitable organizations involved in the advancement of religion, spirituality or yoga which is acknowledged by them by placing nameplates in the name of the individual donor. Know what the clarification says.