GST Place of Supply Disputes: IGST vs CGST/SGST Errors 📌 Quick Answer Place of supply under Sections 10-14 of the IGST Act determines whether a transaction is inter-state (IGST) or intra-state (CGST+SGST/UTGST). An incorrect determination results in tax paid under the wrong head — IGST instead of CGST+SGST or vice versa. Section 77 of the […]
Author Archives: CA Viswanathan V , FCA,CS,CFE, REGISTERED VALUER (S&FA)
Reverse Charge Mechanism (RCM): Complete GST Guide 📌 Quick Answer Reverse Charge Mechanism (RCM) under the CGST Act reverses the GST payment obligation — the recipient pays the tax instead of the supplier. Section 9(3) covers Government-notified categories of goods and services (specified in Notification 13/2017-CT(R) for services and Notification 4/2017-CT(R) for goods). Section 9(4) […]
GST Export: LUT Filing, Refund Process & Zero-Rated Supply — Complete Guide Quick Answer Under Section 16 of the IGST Act, exports and supplies to SEZ are “zero-rated supplies” — meaning the effective GST rate is nil. Indian exporters have two routes: (1) export under Letter of Undertaking (LUT) without paying IGST and claim ITC […]
GST Tribunal Appeal Under Section 112 📌 Quick Answer Section 112 of the CGST Act provides the right to appeal before the GST Appellate Tribunal (GSTAT) against orders passed by the Appellate Authority under Section 107. The appeal must be filed within 3 months of the Appellate Authority’s order, with an additional pre-deposit of 10% […]
GST Audit: Section 65 vs Section 66 — Response Strategy Quick Answer GST audit is conducted under two distinct provisions of the CGST Act: Section 65 (audit by tax authorities — conducted by the department’s own officers, completed within 3 months extendable by 6 months) and Section 66 (special audit — conducted by an external […]
GST Personal Penalty on Directors & Partners: Section 122 & 137 📌 Quick Answer Under Section 122(1A) of the CGST Act, GST officers can impose personal monetary penalty on directors, managing directors, partners, and officers who were in charge of and responsible for the business at the time of contravention. The penalty can be up […]
GST for Foreign Companies: Registration, OIDAR & Compliance 📌 Quick Answer: Do Foreign Companies Need GST Registration in India? Yes — foreign companies supplying goods or services in India must register under GST as a Non-Resident Taxable Person (NRTP) under Section 24(v) of the CGST Act or through the Simplified Registration Scheme for OIDAR (Online […]
GST Composition Scheme: Eligibility, Rate & Limitations 📌 Quick Answer: What Is the GST Composition Scheme? The GST Composition Scheme under Section 10 of the CGST Act is a simplified tax payment and compliance mechanism for small taxpayers with aggregate turnover up to ₹1.5 crore (₹75 lakh for special category States). Composition taxpayers pay tax […]
GSTR-9 Annual Return: Filing Guide, Reconciliation & Common Errors 📌 Quick Answer: GSTR-9 is the annual return that every regular GST taxpayer must file under Section 44 of the CGST Act, read with Rule 80 of the CGST Rules. It consolidates all monthly/quarterly return data (GSTR-1, GSTR-3B, and GSTR-2B) filed during the financial year into […]
Section 148/148A Reassessment: Defence Strategy & Response Guide Quick Answer A Section 148 reassessment notice means the Income Tax Department believes your income has escaped assessment for a past year. Since 1 April 2021, every Section 148 notice must be preceded by a Section 148A inquiry — a mandatory procedural safeguard where you get a […]