Articles by Bimal Jain

Amendments proposed in Section 74, 107, 151, 152 and 168 of the CGST Act, 2017 w.e.f. January 01, 2022

Bimal Jain 23 December 2021 at 11:28

The Hon’ble Finance Minister, in Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") with respect to amendments in Section 74, 107, 151, 152 and 168 of the CGST Act.

Amendments proposed in Section 129 and 130 of the CGST Act, 2017 notified w.e.f. January 01, 2022

Bimal Jain 23 December 2021 at 10:16

The Hon'ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") with respect to amendments in Section 129 and 130 of the CGST Act.

GST ITC available when reflected in GSTR 2A/ 2B w.e.f. January 01, 2022

Bimal Jain 23 December 2021 at 10:04

The Hon'ble Finance Minister, in Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") to insert a new condition for availment of Input Tax Credit ("ITC") under the GST.

GST leviable on services provided by Club or Association to its members retrospectively w.e.f. July 01, 2017

Bimal Jain 23 December 2021 at 09:51

The Hon'ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") to levy GST on services provided by Club or Association to its members.

Aadhaar authentication made compulsory under GST w.e.f. January 01, 2022

Bimal Jain 22 December 2021 at 17:55

The GST Council in it's 45th meeting inter alia made recommendations regarding the Aadhaar authentication of registration to be made mandatory for being eligible for filing refund claim and application for revocation of cancellation of registration under GST.

CBIC Widens the scope of Section 83 of the CGST Act (Provisional Attachment of Property / Bank Account) w.e.f. January 01, 2022

Bimal Jain 22 December 2021 at 17:46

GST Services exempted w.e.f October 1, 2021

Bimal Jain 04 October 2021 at 09:39

CBIC has further amended Notification No. 12/2017-Central Tax (Rate) dated June 28, 2017 ("Services exemption notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.

Changes in GST Rates on Services w.e.f October 01, 2021

Bimal Jain 02 October 2021 at 18:35

CBIC has further amended Notification No. 11/2017-Central Tax (Rate) dated June 28, 2017 ("Services rate notification"), in order to adhere to the recommendations of the 45th GST Council Meeting.

Changes in GST Rates on Goods w.e.f October 01, 2021

Bimal Jain 02 October 2021 at 18:35

CBIC has further amended Notification No. 01/2017-Central Tax (Rate) dated June 28, 2017, as amended from time to time, in order to adhere to the recommendations of the 45th GST Council Meeting.

Key Action points to be considered before filing GSTR-1 & GSTR-3B of September 2021

Bimal Jain 23 September 2021 at 11:43

Finally, after facing every step of hurdle during past financial year, the final goal of every taxpayer is to assess their business records and analyze and correct the mistakes made during the past financial year either through GSTR-1 and GSTR-3B of September, 2021, following the end of financial year, being 2020- 21