Thank You!

We’ll respond to your request shortly. In the meantime….

Get our best advice, every week

Every week, 315000 entrepreneur wait to hear from us on best of GST, Income tax, Company Law and other important updates. It is the V J M & Associates LLP newsletter. Subscribe below or connect with us on Linkedin, Facebook, Twitter or youtube.

Just want to received updates from us

Subscribe the list of more than 200000 subscribers

Read on Goods and Service Tax

GST Portal may facilitate revision of GST returns

GST Portal may facilitate revision of GST returns

Concept of revision of Tax returns is a very usual and vital part of the tax system as it allows taxpayers to rectify unintentional errors made while filing tax returns. Every tax system including income tax provides a facility to revise tax returns upto specified time period. Under pre-GST regime as well, taxpayers were available with the option file revised VAT, Central Excise and Service Tax return. However, Goods and Service Tax has not yet provided that facility to revise GST returns to the taxpayers. 

Read More »
Deduction made by the applicant from employees for canteen services is not supply and ITC will be available for obligatory canteen services

Deduction made by the applicant from employees for canteen services is not supply and ITC will be available for obligatory canteen services

The Kohler India Corporation Private Limited (“The Applicant ”) was mandatorily required to provide a canteen facility to the workers. The Applicant entered into a contract with Canteen service provider wherein invoice is raised by the CSP in the name of the applicant. Cost of CSP is borne by the applicant partially and the balance amount is recovered from the employees by way of deduction from salary. The amount is collected by the applicant from the employees without any commercial objective, i.e., without any profit markups. The question before Hon’ble AAR is Whether the subsidized deduction made by the applicant from the employees would be considered as ‘supply’ under CGST Act. Further, whether the applicant is entitled to claim ITC on invoice raised by the CSP.

Read More »
Reasons of issuance of Show Cause Notice (DRC-01) under GST

Reasons of issuance of Show Cause Notice (DRC-01) under GST

Assessments under GST are going on and businesses across the countries are immersed with Show Cause Notices being issued on various grounds. Show Cause Notice under GST are issued in Form DRC-01 and the process is going on from the last 2-3 years. However, what has triggered the issuance of SCN at such a large scale in the last 4-5 months? Reason for the same is Section 73(10) of CGST Act, 2017. Section 73(10) specifies time line for determination of tax not paid or short paid or Incorrect ITC Claimed.

Read More »

Read on Company Act

V J M & Associates LLP

Contact Us

X