Articles by CA Pradeep Sharma

Clarification on renting of residential dwelling

CA Pradeep Sharma 11 August 2022 at 08:32

From now on, if a registered person takes residential dwelling on rent then he will have to deposit GST in reverse charge.

Indicative list of parameters for scrutiny

CA Pradeep Sharma 26 July 2022 at 09:06

The Proper Officer shall scrutinize the returns and related particulars furnished by the registered person to verify the correctness of the returns.

Scope of pre-packed and labelled items

CA Pradeep Sharma 25 July 2022 at 08:46

With effect from the 18th July 2022, this provision undergoes a change and GST has been made applicable on supply of such "pre-packaged and labelled" commodities attracting the provisions of Legal Metrology Act.

Deposit of erroneous refund can claim back as ITC

CA Pradeep Sharma 16 July 2022 at 07:28

The proper officer, on being satisfied that the full amount of erroneous refund along with applicable interest, as per the provisions of section 50 of the CGST Act, and penalty, wherever applicable, has been paid by the said registered person in FORM GST DRC-03 by way of debit in electronic cash ledger

Refund in case of Duty Free Shops (DFS) at international terminal

CA Pradeep Sharma 13 July 2022 at 08:50

GST Council 47th meeting also clarify by explaining "Supplies from Duty Free Shops (DFS) at international terminal to outgoing international passengers to be treated as exports by DFS and consequential refund benefit to be available to them on such supplies.

GST in RCM in case of ocean freights

CA Pradeep Sharma 09 July 2022 at 09:02

The idea of introducing 'composite supply' was to ensure that various elements of a transaction are not dissected and the levy is imposed on the bundle of supplies altogether.

Treatment of post sale discount in GST

CA Pradeep Sharma 15 June 2022 at 15:36

While calculating GST on valuation of supply, discount shall not be the part of valuation but up to certain conditions which has been discussed in this article

Anti Profiteering in GST

CA Pradeep Sharma 29 July 2017 at 13:24

Any reduction in rate of tax on any supply of goods or services or the benefit of input tax credit shall be passed on to the recipient by way of commensurate reduction in prices.