Articles by CA Venkatprasad Pasupuleti

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Notice Period Recovery - Liable for GST?

CA Venkatprasad Pasupuleti 30 January 2020 at 10:29

In recent years, the issue of Service Tax/GST liability on the Notice period recovery is a subject matter of dispute.

Validity of the direct recovery of Interest under GST?

CA Venkatprasad Pasupuleti 13 January 2020 at 11:01

Validity of the direct recovery of Interest under GST?

Another Chance for claiming Transitional Credit Under GST

CA Venkatprasad Pasupuleti 12 November 2019 at 10:57

In view of the unvarying series of judicial decisions, the taxpayers who have missed claiming transitional credits initially can now claim the same. The suggested course of action is given in this article.

IGST exemption vis-a-vis pre-import condition

CA Venkatprasad Pasupuleti 05 November 2019 at 11:04

Advance Authorisation (AA), is one of the schemes under Foreign Trade Policy, 2015-20 (hereinafter referred to as the 'FTP') which allows the manufacturer exporter or merchant exporter to import inputs without payment of customs duties in terms of chapter 4 of FTP read with Notification No.18/2015 Cus dated 01.04.2015 as amended.

Denial of carry forwarding of CESS credit into GST - Course of action

CA Venkatprasad Pasupuleti 24 October 2018 at 11:17

On introduction of GST, the credit of taxes under the existing law, predominantly Central Excise, Service Tax and Value Added Tax, was allowed to be carry forwarded vide the transitional provision either as Central Goods and Service Tax (CGST)

GST on free supplies by customers

CA Venkatprasad Pasupuleti 11 June 2018 at 10:59

Introduction:It is common practice prevailing in many industries that certain materials

Carry forward of KKC, EC and others into GST - High Court Decision

CA Venkatprasad Pasupuleti 09 March 2018 at 17:09

Education Cess was being levied on Central Excise and Service Tax from 10.09.2014. Education Cess paid on the purchase was available as credit against payment o..