Blog

09 May

Procedure for GST Audit in Certain Specific Situations

May 9, 2024
By consultwithbatuk

In Normal Circumstances it’s Simple to Start to Audit under GST but if there will be certain specific then situation then it’s quite di...

07 May

Accounting, GST

Applicability of Indian Accounting Standard – 1 from GST Perspective

May 7, 2024
By consultwithbatuk

AS 1 / IND AS 1: DISCLOSURE OF ACCOUNTING POLICIES AS 1 deal with the disclosure of significant accounting policies followed in the pr...

07 May

Audit, GST

Analysis of Various Business Agreements from GST Audit Perspective and Technical Analysis of GST Applicability in case of Joint Development Agreement in case of Real Estate Sector

May 7, 2024
By consultwithbatuk

A business contract/agreement is the statement, either oral or written, of an exchange of promises in It is a negotiated and legall...

06 May

GST

Works Contract From GST Audit Perspective

May 6, 2024
By consultwithbatuk

Works contract is an activity wherein supply of both service and goods takes place, for example, construction of building; erection, co...

02 May

Income Tax, Tax

Whether ITC can be claimed for non existent Supplier ?

May 2, 2024
By consultwithbatuk

Let’s understand the same through analysis of Landmarking Judgement. LGW INDUSTRIES LTD. vs. UNION OF INDIA (CALCUTTA HIGH COURT) ...

30 Apr

GST

Top 3 Landmarking Judgements under GST

April 30, 2024
By consultwithbatuk

Sunny Jain V. Union of india (Delhi High Court) : Input tax credit - Electronic credit ledger (ECL) - Blocking of ECL - ECL of peti...

30 Apr

GST, Tax

Analysis of Section 49 of CGST Act,2017 Regarding Payment of 1 % of total tax liability In Cash

April 30, 2024
By consultwithbatuk

(1) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking or by using credit or de...

28 Apr

GST

Whether payment not made within 180 days to supplier can be treated as discount as per Section 16(2) ?

April 28, 2024
By consultwithbatuk

In many cases, it can be found that the supplier has offered a discount to the buyer which is neither shown in the tax invoice nor is i...

28 Apr

Business, Tax

Whether Operation and Maintenace Services are Classified as Works Contract Services or Not ?

April 28, 2024
By consultwithbatuk

A company enters into an agreement for the operation and maintenance of a power plant. The scope of work of such contract provides that...

27 Apr

GST

Technical Analysis of Applicability of GST on Insurance Sector

April 27, 2024
By consultwithbatuk

MULTI-INSURANCE In case the business entity pays for an insurance policy which has elements of both general insurance and life / he...

Subscribe Newsletters