Articles by CA Shubham Kumar

GST Registration requirement under E-Commerce business

Posted by CA Shubham Kumar 21 July 2021 9914 Views

Section 22(1) of the CGST Act provides for registration by the supplier of services or goods & services having an aggregate turnover exceeding Rs. 20 lacs.

ITC on expenditures incurred on public welfare due to COVID-19

Posted by CA Shubham Kumar 08 June 2020 2370 Views

As per the above ruling, ITC would not be available on CSR activities but as per our understanding, ITC should be available in such a transaction. If masks, sanitizers purchased and used for employees during office hours.

Clarification on GST on salaries paid to CEOs or Employees

Posted by CA Shubham Kumar 17 May 2020 28893 Views

Recently Central Board of Indirect Taxes & Customs (CBIC) issued a clarification on GST implication on Salaries paid to key management personnel and employees. In this clarification, CBIC clarifies that GST is not applicable to the salary paid to the employees because it is under schedule III of the CGST Act, 2017.

Simplification of Form GSTR-9 & 9C

Posted by CA Shubham Kumar 16 May 2020 2846 Views

CBIC has issued Notification no. 56/2019 - Central Tax dated: 14th November 2019 on simplification on GSTR-9 & 9C for FY 2017-18 and 2018-19.

Clarification if NIL refund claim has already been filed

Posted by CA Shubham Kumar 04 April 2020 2360 Views

A clarification issued by the CBIC vide circular no. 110/29/2019 -GST, dated: 3rd October, 2019 on filing of refund application through form GST RFD-01 if Nil refund application already filed by the applicant.

GST implications for Companies under IBC Code, 2016

Posted by CA Shubham Kumar 03 April 2020 2297 Views

Clarifications were issued by the department in respect of issues under GST Law for companies under IBC Code, 2016. Here is the analysis of clarifications.

Clarification issued by CBIC on Refund Application

Posted by CA Shubham Kumar 02 April 2020 9658 Views

Clarifications issued by the CBIC on filing of refund application where NIL return has already been filed and favorable order received in appeal or any other forum. Following is the key point related to such circulars issued on 3rd October 2019.

Key highlights from 37th GST Council Meeting

Posted by CA Shubham Kumar 21 March 2020 4763 Views

The 37th GST Council meeting took place on 20th September 2019 at GOA. In this meeting, the council took following decisions relating to changes in GST rates, ITC eligibility criteria, exemption and clarification on connected issues. Further, the council has been proposed to changes in some procedural aspects under GST.

Clarification on Job work services

Posted by CA Shubham Kumar 25 November 2019 22098 Views

CBIC issued a clarification on Job work vide circular No. 126/45/2019- GST on the dated 22nd November 2019. Before published, these circular people have many doubts about job work and manufacturing processes.