Procedure for GST Audit in Certain Specific Situations
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...
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Applicability of Indian Accounting Standard – 1 from GST Perspective
AS 1 / IND AS 1: DISCLOSURE OF ACCOUNTING POLICIES
AS 1 deal with the disclosure of significant accounting policies followed in the pr...
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
A business contract/agreement is the statement, either oral or written, of an exchange of promises in It is a negotiated and legally en...
Works Contract From GST Audit Perspective
Works contract is an activity wherein supply of both service and goods takes place, for example, construction of building; erection, co...
Whether ITC can be claimed for non existent Supplier ?
Let’s understand the same through analysis of Landmarking Judgement.
LGW INDUSTRIES LTD. vs. UNION OF INDIA (CALCUTTA HIGH COURT)
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Top 3 Landmarking Judgements under GST
Sunny Jain V. Union of india (Delhi High Court) :
Input tax credit - Electronic credit ledger (ECL) - Blocking of ECL - ECL of peti...
Analysis of Section 49 of CGST Act,2017 Regarding Payment of 1 % of total tax liability In Cash
(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...
Whether payment not made within 180 days to supplier can be treated as discount as per Section 16(2) ?
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...
Whether Operation and Maintenace Services are Classified as Works Contract Services or Not ?
A company enters into an agreement for the operation and maintenance of a power plant. The scope of work of such contract provides that...
Technical Analysis of Applicability of GST on Insurance Sector
MULTI-INSURANCE In case the business entity pays for an insurance policy which has elements of both general insurance and life / health...
