July New Newsletter 2021

MONTHLY VOLUME XXXVIX PAGE 1-105 NO 07 JULY 2021

ICSI-NIRCNEWSLETTER

INSIGHT

NIRC-ICSI NEWSLETTER

bull NIRC-ICSI newsletter is generally published every month

bull Articles on subjects of interest to company secretaries are welcome

bull Views expressed by contributors are their own and the NIRC-ICSI does not accept any responsibility

bull The NIRC-ICSI is not in any way responsible for the result of any action taken on the basis of the advertisements

published in the newsletter

bull All rights reserved

bull No part of this newsletter may be reproduced or copied in any form by any means without the written

permission of the NIRC-ICSI

bull Soft copy of this issue of newsletter is also available on the website of the NIRC-ICSI

copy The Northern India Regional Council of the Institute of Company Secretaries of India

Published by CS Sonia Baijal Regional Director for and behalf of Northern India Regional Council of the Institute

of Company Secretaries of India 4 Prasad Nagar Institutional Area New Delhi - 110005 e-mail

niroicsiedu Phones 49343000 Published at NIRC - ICSI 4 Prasad Nagar Instl Area New Delhi

THE REGIONAL COUNCIL CHAIRMAN

CS VIMAL KUMAR GUPTA

VICE CHAIRMANCS SUSSHIL DAGA

SECRETARYCS DEVENDER SUHAG

TREASURERCS HIMANSHU HARBOLA

MEMBERS (IN ALPHABETICAL ORDER)CS AMIT GUPTA

CS BHUPESH GUPTA

CS GURVINDER SINGH SARIN

CS MONIKA KOHLI

CS SAURABH KALIA

CS SURESH PANDEY

CS SURYA KANT GUPTA

CS VINAY SHUKLA

EX-OFFICIO MEMBERSCS HITENDER MEHTA

CS MANISH GUPTA

CS NPS CHAWLA

CS RANJEET PANDEY

CS VINEET K CHAUDHARY

REGIONAL DIRECTORCS SONIA BAIJAL

Inside

- From the Chairman NIRC

- Glimpses

- Articles

- CSBF

CONTENT

FROM THECHAIRMAN

ICSI-NIRC Newsletter I July 2021 04

FROM THE CHAIRMAN

DearProfessionalColleagues

Greetings from ICSI-NIRC

I hope that all of you are safe and doing well in both personal and professional life NIRC is doing its bit in developing the

skill sets of both members and students by way of organizing various Master Classes Webinars training programs etc

NIRC is overwhelmed by the response of participants in its endeavors I request you keep supporting the events of NIRC

at Regional and Chapter level

The 40th Annual General Meeting of the members of the Institute of Company Secretaries of India (ICSI) in the Northern

Region forming part of Northern India Regional Council (NIRC) is scheduled to be held on Wednesday the 28th July

2021 at 1000 AM through online video conferencing

NIRC has announced another Virtual MSOP I am sure that participants are taking full advantage of learning while sitting

at the comfort of Home At the same time I wish that we may switch over to Physical mode as soon as possible NIRC will

be hosting 21st All India Essay Writing Competition We will share the details in due course

Friends it has been continuous endeavor of the NIRC to support all its stakeholders I take this opportunity to briely

highlight some of the major activities developments that have taken place during the month of Juneamp July 2021

thWebinaronOpportunitiesunderArbitrationon17 June2021thNIRC organized a Webinar on theme Opportunities under Arbitration on 17 June 2021 CS NPS Chawla Central

Council Member ICSI amp Associate Partner Vaish Associates was the Guest speaker during the webinar CS GS Sarin Past

Chairman NIRC-ICSI was the Program Director The webinar was attended by around 600 members The webinar was

part of PCS Day week long celebrations I wish to place on record my sincere thanks and gratitude to the Guest Speaker

for sparing his time amp sharing his words of wisdom with the participants

WebinaronOpportunitiesasRegisteredValueron18June2021

NIRC organized a Webinar on the theme Opportunities as Registered Valuer on 18th June 2021 CS (Dr) Ajay Garg

Corporate Valuer Counsel and Lawyer was the Guest speaker during the webinar CS GS Sarin Past Chairman NIRC-ICSI

was the Program Director The webinar was attended by around 600 members The webinar was part of PCS Day week

long celebrations I am thankful to CS (Dr) Ajay Garg ji for sparing his time amp sharing his rich experience with the

delegates present


FROM THE CHAIRMAN

WebinaronDiscussiononPrinciplesofGovernancefromIndianScriptureson19

June2021

NIRC organized a Webinar on the theme Discussion on Principles of Governance from Indian Scriptures on 19th June

2021 CS (Dr) P V S Jagan Mohan Rao Past President ICSI amp Past President SAFA (the South Asian Federation of

Accountants) was the Guest speaker CS Amit Gupta Regional Council Member NIRC-ICSI was the Program DirectorI am

thankful to CS (Dr) P V S Jagan Mohan Rao ji for sharing his knowledge and keeping the session interactive

FelicitationCeremonyOrganizedByNIRC-ICSIasPartofPCSDayCelebrationson19

June2021

With a view to commemorate PCS Day on 15th June NIRC of ICSI as part of PCS Day celebrations organized a Felicitation

Ceremony through online mode on 19th June 2021 to felicitate the following -

1 Company Secretaries who are in Practice for more than 25 years

2 Firms of Company Secretaries in Practice having minimum of 3 Partners as on date

3 Firms of Company Secretaries in Practice having minimum of 3 qualiied Company Secretaries on rolls (with CS

in) as on date

CelebrationsofInternationalDayofYoga2021

ICSI ICAI amp CMA jointly commemorated International Day of Yoga by organizing a Webinar on How to Rejuvenate from stCOVID Impact through Yoga on 21 June 2021 Swami Ramdevji International Yog Guru was the Chief Guest CA (Dr)

Girish Ahuja Tax Guru CS Nagendra D Rao President ICSI CA Nihar N Jambusaria President ICAI and CMA Biswarup

Basu President CMA were the Guest of Honour The Webinar was attended by around 45000 participants I am thankful

to all the dignitaries for sparing their time and encouraging the participants to do Yoga

4DaysonlineMasterClassonGST-NewOpportunities(21edition)

NIRC organized 4 Days Online Master Class on theme GST Opportunities from Tuesday 28th June 2021 to Saturday

03rd July 2021 The Master Class was to commemorate GST Day CS (Adv) Sumit Wadhwa Abbot Law Ofice was the

Guest Speaker on 28th June 2021 He spoke on the topic GST Fundamentals ndash Practical Overview CA Akshay Kumar

Jain Akshay Kumar Jain amp Co LLP was the Guest Speaker on topic Input Tax Credit and Returns on 30th June 2021 CS

Jagmohan Bansal Sr Advocate was the Guest Speaker on 2nd July 2021 He spoke on the topic Role of Professional And

Litigations in GST Arena and CS Sanjay Malhotra Practicing Company Secretary was the Guest Speaker on 3rd July

2021 His coverage included Time and Place of Supply - Relevance And Signiicance CS GS Sarin Chairman PCS

Committee and Past Chairman NIRC-ICSI was the Program Director The Master Class was attended by good number of

Participants I am thankful to all the speakers for sparing their valuable time and sharing their rich experience with the

members

nd4DaysonlineMasterClassonFEMA(22 edition)

NIRC organized 4 Days Online Master Class on theme FEMA from Monday 05th July 2021 to Thursday 08th July 2021

CS Atul Mittal Former Council Member ICSI amp Chairman NIRC-ICSI and Partner-Deloitte Haskins amp Sells was Guest

Speaker He covered the topics which includes Foreign Direct Investments amp Overseas Direct Investments External

Commercial Borrowings (ECB) amp Imports Export amp Liberalised Remittance Scheme (LRS) Compounding under FEMA

amp Late Submission Fees etc The Master Class was attended by good number of Participants I am thankful to CS Atul

Mittal ji for sparing his valuable time on all four days of Master Class and sharing his words of wisdom with the

participants


FROM THE CHAIRMAN

WebinaronSEBI-LODRon9July2021

NIRC organized a Webinar on the theme SEBI-LODR on 9th July 2021 Ms Purna Devi Director Global Compliance amp

Reporting Entity Compliance and Governance EY was the Guest speaker CS Himanshu Harbola Treasurer NIRC-ICSI

was the Program Director I am thankful to the speaker for sparing her time and sharing of knowledge with the

participants

ICSIMegaPlacementDrive-I

ICSI Mega Placement Drive I of Northern Region is scheduled through Virtual mode for young members This provides

beneit to both recruiters and candidates as its convenient to interact without getting into the hassle of commuting and

still getting the insight of the Organizations and Candidates

StudentMonth

ICSI-NIRC celebrated the month of July 2021 as the Student Month starting with planting of sapling on 1st July 2021 ie

Van Mohatsav and subsequently various online activities were organized for students including Life Skills Sessions Soft

Skills Sessions PPT making Competition Samadhan Divas etc A good number of students participated in all the

activities

ManagementSkillsOrientationProgram(MSOP)

Valedictoryof321batchofMSOP

The Valedictory function of 321st Batch of MSOP held on 17th June 2021 CS Vijay Kumar Kaul Practicing Company

Secretary was the Chief Guest of the occasion We distributed the MSOP Completion certiicates and awards to the

participants

Inaugurationof322ⁿBatchofMSOP

We inaugurated 322nd Batch of MSOP through online mode on 29th June 2021

OnlineCareerAwarenessPrograms

NIRC organized various Online Career Awareness Programs for Students and Teachers of various Schools amp Colleges We

apprised the students and their parents about the Role of Company Secretary Company Secretary in Employment

Company Secretary in Practice and Eligibility Validity and Cut-off Dates for Registration in CS

I look forward to your valuable suggestions and feedback Feel free to interact with me at chairmannircicsiedu

Stay Safe Stay Healthy take care

With best regards

CSVimalGuptaChairmanNIRC-ICSI

Mob99833242829314324282

GLIMPSES


GLIMPSES


Swami Ramdev ji International Yog Guru CS Nagendra D Rao President ICSI CS Manish Gupta Central Council

Member ICSI CS Vimal Gupta Chairman NIRC-ICSI and CA (Dr) Girish Ahuja Tax Guru addressing the Participants

Screen View of session


GLIMPSES

WebinaronthethemeOpportunitiesunderArbitrationon17June2021

CS NPS Chawla Central Council Member ICSI amp Associate Partner Vaish Associates addressing the Participants Also

seen CS Vimal Gupta CS Devender Suhag Secretary NIRC-ICSI CS GS Sarin Past Chairman NIRC-ICSI and CS Sonia

Baijal Regional Director NIRC-ICSI

WebinaronthethemeOpportunitiesasRegisteredValueron18June2021

CS (Dr) Ajay Garg Corporate Valuer Counsel and Lawyer addressing the Participants Also seen CS Vimal Gupta and CS

GS Sarin

FelicitationCeremonyorganizedbyNIRC-ICSIaspartofPCSDaycelebrationson19June2021

CS Vimal Gupta CS Manish Gupta CS NPS Chawla CS Nesar Ahmad Past President ICSI CS Suresh Pandey Immediate

Past Chairman NIRC-ICSI CS GS Sarin CS Saurabh Kalia Regional Council Member NIRC-ICSI CS Monika Kohli Regional

Council Member NIRC-ICSI and CS Bhupesh Gupta Regional Council Member NIRC-ICSI addressing the Participants


GLIMPSES

FelicitationofmembersonPCSDay

WebinaronthethemeDiscussiononPrinciplesofGovernancefromIndianScriptureson19June2021

CS (Dr) P V S Jagan Mohan Rao Past President ICSI amp Past President SAFA (the South Asian Federation of Accountants)

addressing the Participants Also seen CS GS Sarin CS Suresh Pandey CS Amit Gupta Regional Council Member NIRC-

ICSI CS Saurabh Kalia and CS Sonia Baijal

WebinaronThemeSEBI-LODRon9July2021

Ms Purna Devi Director Global Compliance amp Reporting Entity Compliance and Governance EY addressing the

Participants Also seen CS Vimal Gupta CS Himanshu Harbola Treasurer NIRC-ICSI and CS Sonia Baijal

FelicitationofmembersonGSTDay


GLIMPSES

4DaysOnlineMasterClassonGSTOpportunities(21Edition)from28June2021to03July2021

Day129062021

CS (Adv) Sumit Wadhwa Abbot Law Ofice addressing the Participants Also seen CS Vimal Gupta and CS GS Sarin

Day230062021

CA Akshay Kumar Jain Akshay Kumar Jain amp Co LLP addressing the Participants Also seen CS GS Sarin

Day302072021

CS Jagmohan Bansal Sr Advocate addressing the Participants Also seen CS GS Sarin

Day403072021

CS Sanjay Malhotra Practicing Company Secretary addressing the Participants Also seen CS GS Sarin and CS Sonia Baijal


GLIMPSES

MOUSigningCeremonyforAcademicCollaborationbetweentheICSIandMaharishiUniversityofInformationTechnology

CS Nagendra D Rao President ICSI CS Sonal Jain Chairperson Ghaziabad Chapter of NIRC-ICSI CS Sakshi Mittal

Management Committee Member Ghaziabad Chapter of NIRC-ICSI and CS Arjunn Kr Tyagi Immediate Past Chairman

Ghaziabad Chapter of NIRC-ICSI addressing the Participants Also seen Dr Annu Behl Mehra Prof MUIT Dr Akhand

Pratap Singh Registrar MUIT Prof (Dr) KB Asthana Dean Maharishi Law School MUIT CS Awanish Srivastava Mr A

K Srivastava Joint Secretary ICSI CS Nitin Goel Mr Vinay Kumar Chapter Incharge Ghaziabad Chapter of NIRC-ICSI

along with other dignitaries

MOUSigningCeremonyforAcademicCollaborationbetweentheICSIandMaharishiAggarwalCollegeBallabgarhFaridabadInstituteofManagementampTechnology

FaridabadampPtJLNGovtCollegeFaridabad

CS Vimal Gupta CS Arun Goel Chairman Faridabad Chapter of NIRC-ICSI CS Anmol Nakra Vice- Chairman Faridabad

Chapter of NIRC-ICSI Dr Krishan Kant Principal Aggarwal College Dr Rekha Sain Dr Manoj Shukla Aggarwal College

Prof (Dr) Ravi K Handa Director IMT College Dr Parul Khanna Vice- Principal IMT College Dr M K Gupta Principal

Pt JLN Govt College Ms Preeti Kapoor Asso Prof Pt JLN Govt College Ms Suman Iyer EO Faridabad Chapter of NIRC-

ICSI along with other dignitaries


GLIMPSES

stValedictoryFunctionndash321 MSOP

CS Vijay Kumar Kaul Practicing Company Secretary CS Vimal Gupta CS SusshilDaga Vice-Chairman NIRC-ICSI CS

Devender Suhag CS Himanshu Harbola CS Suresh Pandey CS GS Sarin and CS Surya Kant Gupta Regional Council

Member NIRC-ICSI addressing the Participants

ndInauguralFunctionndash322 MSOP

CS Vimal Gupta and CS Suresh Pandey addressing the Participants

4DaysOnlineMasterClassonFEMA(22ⁿEdition)from5July2021to8July2021

CS Atul Mittal Former Council Member ICSI amp Chairman NIRC-ICSI and Partner-Deloitte Haskins amp Sells addressing the

Participants Also seen CS Vimal Gupta CS Devender Suhag and CS Sonia Baijal


AGM

Notice is hereby given that the 40th Annual General Meeting of the members of the Institute of Company Secretaries of

India (ICSI) in the Northern Region forming part of Northern India Regional Council (NIRC) will be held on Wednesday

the 28th July 2021 at 1000 AM through online video conferencing at the link to transact the httpsbitly3qUlgZZ

following business(es)-

1 To receive consider and adopt Audited Balance Sheet as at 31st March 2021 the Income and Expenditure

account for the year ended on that date Report of the Regional Council and Auditors Report thereon

2 To appoint Ms Mukesh A Mittal amp Co Chartered Accountants Delhi as Statutory Auditors in place of retiring

Auditors Ms Mittal amp Mittal Associates Chartered Accountants to hold ofice from the conclusion of this Annual

General Meeting until conclusion of the next Annual General Meeting and to ix their remuneration

By order of The Northern India Regional Council of ICSI

Notice Of Annual General Meeting

(CSDEVENDERSUHAG)SecretaryNIRC-ICSIPlace New Delhi

Dated 13 July 2021

Note(s)

1 The members are requested to send their queries on inancial accounts andor functioning of NIRC through email

at niroicsiedu at least three (3) days in advance so that answers may be made available at the meeting

2 Members are requested to update the changes in their address(es) e-mail IDs contact details and other

particulars in their respective members account on ICSI portal for enabling NIRC to disseminate information

about activities and programs

3 In order to promote the Green Initiative the ICSI vide its letter dated 21102011 directed all its Regional Councils

to send the Annual Report to the members through electronic mode Accordingly NIRC is sending Annual Report

for the year 2020-21 through e-mail Members may also viewdownload Annual Report from the child portal of

NIRC ICSI (httpswwwicsiedunirohome)

4 Due to COVID-19 no physical copy of Annual Report shall be available for reference of the members

5 Web link to Join Annual General Meeting is (the link will be activated at 0940 AM on 28th httpsbitly3qUlgZZ

July 2021)


AGM

To

TheMembersofNIRCoftheICSI

REPORTONTHEAUDITOFTHEFINANCIALSTATEMENTS

Opinion

We have audited the accompanying standalone inancial statements of NORTHERNINDIAREGIONALCOUNCILOF

THEINSTITUTEOFCOMPANYSECRETARIESOFINDIANew Delhi which comprise the Balance Sheet as at 31st March

2021 and the statement of Income and Expenditure Cash Flow and a summary of the signiicant accounting policies and

other explanatory information

In our opinion and to the best of our information and according to the explanations given to us said Balance Sheet the

Income and Expenditure Account and Cash Flow Statement read together with the Schedule amp Notes thereon give a true

and fair view

1 In so far as it relates to the Balance Sheet of the State of Affairs of the NIRC of the ICSI as at 31st March 2021 and

2 In so far as it relates to the Income amp Expenditure account of the Excess of Income over the Expenditure of the

NIRC of the ICSI for the year ended on that date

3 In so far as it relates to the Cash Flow Statement of Cash Flow of the NIRC of the ICSI for the year ended on that

date

BasisforOpinion

We conducted our audit in accordance with the Standards on Auditing (SAs) generally accepted in India Our

responsibilities under those Standards are further described in the Auditors Responsibilities for the Audit of the

Financial Statements section of our report We are independent of the Entity in accordance with the Code of Ethics

issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our

audit of the inancial statements and we have fulilled our other ethical responsibilities in accordance with these

requirements and the Code of Ethics We believe that the audit evidence we have obtained is suficient and appropriate

to provide a basis for our opinion

ResponsibilityoftheManagementfortheFinancialStatements

The NIRC of the ICSI are responsible for the preparation of these inancial statements that give a true and fair view of the

inancial position and inancial performance and cash low of NIRC of the ICSI in accordance with the accounting

principles generally accepted in India and formulated by the ICSI This responsibility also includes maintenance of

adequate accounting records in accordance with the applicable provisions for safeguarding the assets of the NIRC of the

ICSI and for preventing and detecting frauds and other irregularities selection and application of appropriate

accounting policies making judgments and estimates that are reasonable and prudent and design implementation and

maintenance of adequate internal inancial controls that were operating effectively for ensuring the accuracy and

completeness of the accounting records relevant to the preparation and presentation of the inancial statements that

give a true and fair view and are free from material misstatement whether due to fraud amp error

Independent auditorrsquos report


AGM

AuditorsResponsibilitiesfortheAuditoftheFinancialStatementsOur objectives are to obtain reasonable assurance about whether the inancial statements as a whole are free from

material misstatement whether due to fraud or error and to issue an auditors report that includes our opinion

Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs

will always detect a material misstatement when it exists Misstatements can arise from fraud or error and are

considered material if individually or in the aggregate they could reasonably be expected to inluence the economic

decisions of users taken on the basis of these inancial statements

As part of an audit in accordance with SAs we exercise professional judgment and maintain professional skepticism

throughout the audit We also

bull Identify and assess the risks of material misstatement of the inancial statements whether due to fraud or

error design and perform audit procedures responsive to those risks and obtain audit evidence that is

suficient and appropriate to provide a basis for our opinion The risk of not detecting a material misstatement

resulting from fraud is higher than for one resulting from error as fraud may involve collusion forgery

intentional omissions misrepresentations or the override of internal control

bull Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and

related disclosures made by management

bull Conclude on the appropriateness of managements use of the going concern basis of accounting and based on

the audit evidence obtained whether a material uncertainty exists related to events or conditions that may cast

signiicant doubt on the Entitys ability to continue as a going concern If we conclude that a material

uncertainty exists we are required to draw attention in our auditors report to the related disclosures in the

inancial statements or if such disclosures are inadequate to modify our opinion Our conclusions are based on

the audit evidence obtained up to the date of our auditors report However future events or conditions may

cause the Entity to cease to continue as a going concern

bull Evaluate the overall presentation structure and content of the inancial statements including the disclosures

and whether the inancial statements represent the underlying transactions and events in a manner that

achieves fair presentation

Furtherwereportthat a) We have obtained all the information and explanations which to the best of our knowledge and belief were

necessary for the purpose of our audit

b) In our opinion proper books of accounts as required by law amp ICSI have been kept by the Regional Council

so far as it appears from our examination of books amp records

c) The Balance Sheet the Income and Expenditure Account and Cash Flow Statement are in agreement with

the books of accounts presented before us

d) In our opinion Income and Expenditure Account Balance Sheet and Cash Flow Statement comply with the

accounting guidelines as adopted by the Institute

For MITTAL amp MITTAL ASSOCIATES

CHARTERED ACCOUNTANTS

Firm Regn No 014511N

Sd-

(CAMUKESHMITTAL)

Membership No 092534

Partner Place New Delhi

Date 01062021

UDIN 21092534AAAADH2668

ARTICLES

Introduction

A change always have positive and negative effects Same happened with this law called Goods and Service Tax BJP

Government was trying to introduce this concept since 2002 The committee for GST was formed in the year 1999 by our

Prime Minister Atal Bihari Vajpayee It was our Prime Minister who in the year 1999 understood that there shall be

single indirect tax system among the country to reduce the burden on the businessman But the approval from the

opposition took too long to implement Just like said earlier that changes always lead to discussions and disagreement st

GST was the idea of Mr Atal Bihari Vajpayee and came into force under the Modi Government on 01 July 2017 midnight

Along with opposition party (congress) businessmen common people shopkeepers etc were against the government

It was hard for them to accept GST

WhichcountryGSTModelAdoptedbyIndia

GST was irst adopted by France in the year 1954 with 4 tax slab rates (21 55 10 and 20) Amongst the tax

rates 20 is the standard rate applicable to most of the goods in France After France more than 140 countries adopted

GST model and some of the countries adopted Dual-GST model Canada is one of the country with dual GST model and

India adopted the same

Dual-GST It is referred where tax is collected by federal government and then distributed to respective states

WhyGSTwasimplementedinIndia

The main objective of GST implementation was to eliminate double taxation ie from manufacturing level to

consumption level Earlier VAT and sales tax was part of indirect tax and manufactures were liable for VAT and consumer

was liable for Sales tax due to which price of the product used to increase For the beneit of the nation GST came into

effect in the year 2017 despite of any reluctance to the changes

Earlier many were against the GST model but slowly and steadily they understood that with the introduction of GST the

pricing of the product has been made easy and cost of some products has been introduced With the introduction of GST

businesses are able to earn proit because of One Nation One Tax formula

Since the launch of GST government implemented the following tax rates

bull A 0 tax rate applied to certain foods books newspapers homespun cotton cloth and hotel services

bull 025 applied to cut and semi-polished stones

bull 5 on household necessities such as sugar spices tea and coffee

bull 12 on computers and processed food

bull 18 on toothpaste hair oil soap etc

bull 28 to luxury items such as cigarettes cars bike refrigerators etc

Goods andService TaxCS Yati Mittal ACS

csyatimittalgmailcom

ARTICLE


The views expressed are personal views of the authorand it should not be taken as views of the NIRC-ICSI

ARTICLE

TypesofGST

1 Central Goods and Service Tax (CGST) It is charged on the intra state supply of products and services

2 State Goods and Service Tax It is charged on the supply of products and services within the state

3 Integrated Goods and Service Tax It is charged on the inter state supply of products and services

4 Union Territory Goods and Service Tax It is charged on the supply of goods and services of Union Territories

HowtoavailGSTNumber

Under GST regime below persons are required to obtain GST IN number

1 Any businesses whose turnover exceeds Rs 40 Lakh in a inancial year for a normal category states and

Rs20 lakh for a special category states

2 Person registered under previous law (VAT Service Tax)

3 Registered business that has been transferred

4 Person making inter-state supplies

5 Non-resident taxable person

6 Agents of the supplier

7 Those paying tax under reverse charge mechanism

8 Person supplying online information and database access or retrieval

9 Person who supplies via e-commerce aggregator

Eligible persons are required to follow below mentioned steps to obtain GST IN number

1 Visit GST Portal

2 Click on Registration tab under Services tab and select NewRegistration

3 An application form will be opened which is divided in two parts ie Part A and B

4 Eligible persons are required to ill in the details so asked and submit the same

5 After submitting the required details ARN (Application reference number) will be sent to the registered

email id and mobile number for future reference

GSTFilingStructure

There are three types of GST taxpayer

Regular Taxpayers Composition TaxablePersons

Returns forSpeciic Transactions


ARTICLE

A RegularTaxpayers

Form GSTR-1 and GSTR-3B are to be iled by businesses and professionals registered with GST every month if their

annual turnover is exceeds Rs 5 crore Other taxpayer had an option to choose a quarterly return iling

From the quarter January 2021 even the businesses and professional whose turnover exceeds Rs 5 crore has an

option to opt for QRMP (Quarterly Return and Monthly Payment) Scheme where they can ile GSTR-1 and 3B

quarterly with monthly estimated GST payment

B CompositionTaxablePersons

A person registered under this scheme has to ile Form CMP-08 quarterly and Form GSTR-4 yearly by 30 April from

year 2019-2020 onwards Till FY 2018-19 persons registered under this scheme were liable to ile Form GSTR-4

quarterly and GSTR-9A annually

C ReturnsforSpeciicTransactions

Special transactions under GST have been deined with speciic GST returns such as

bull GSTR-5It is iled by non-resident foreign taxpayers who are registered with GST and carry their business in

thIndia It shall be iled by 20 of each month

bull GSTR-5A It is a summary return for reporting the outward taxable supplies and tax payable by Online

thInformation and Database Access or Retrieval Services (OIDAR) provider under GST It shall be iled by 20 of

each month

bull GSTR-6 It is iled by Input Service Provider This form carry the details of input tax credit received and

thdistributed It shall be iled by 13 of each month

bull GSTR-7It is iled by person who are liable to deduct TDS This form will contain details of TDS payable paid and

thclaimed It shall be iled by 10 of every month

bull GSTR-8Return iled by e-commerce operators registered under GST and who collects Tax at source (TCS) The

threturn shall be iled by 10 of every month

Conclusion

Persons businesses professionals registered GST has to ile the form as per the dates prescribed They will not be able to

ile any next return if any month quarter or year return is pending from their sides Moreover if there is any late iling

then interest and late fees are being calculated Following are the interest rates and penalties that are being levied on

late submission of forms

bull Interest 18 pa shall be calculated on the outstanding amount It shall be calculated on the net tax liability in

the ledger The interest shall be levied from the very next day of due date of actual date of form iling

bull As per CGST and SGST Rs 100- per day each late fees is levied which shall not exceed Rs 5000- No late fee is

prescribed under IGST


GST stands for Goods and Services Tax which became effective from July 1 2017 in India as one tax one nation It is an

Indirect tax which introduced to replacing a host of other Indirect taxes such as value added tax service tax purchase

tax excise duty and so on

GST is a destination-based tax levied on the consumption of goods and services across the nation thus rendering the

country one uniied common market

GST is a multi-stage tax system which is comprehensive in nature and applied on the sale of goods and services

throughout India

Aim The main aim of this taxation system is to curb the cascading effect of other indirect taxes

The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption

The GST is paid by consumers in addition of the sales price of the product but it is remitted to the government by the

businesses selling the goods and services

goods andservice tax (gst)

ARTICLE


CS Parul Jain ACS

csparulnishujain10121gmailcom

Destination-based tax vs Origin-based tax

A destination-based tax is one which is levied in the state where the goods or services are consumed and not where they

are produced On the other hand an origin-based tax is levied in the state where goods or services are produced (not

consumed) The views expressed are personal views of the author

and it should not be taken as views of the NIRC-ICSI

ARTICLE

GST is paid by the different businesses at different rates in the following manner

Manufacturer The manufacturer pays GST on the raw material that is purchased and the value that has been added to

make the product However the tax that has been paid by the manufacturer is reduced from the overall GST that must be

paid

Service Provider The service provider pays GST on the amount that is paid for the service provided and the value that

has been added to it

Retailer The retailer pays GST on the product that has been purchased from the distributor as well as the margin that

has been added However the tax that has been paid by the retailer can be reduced from the overall GST that must be

paid

Consumer GST must be paid on the product that has been purchased by the consumer

History of GST

On July 1st 2017 the Goods and Services Tax implemented in India But the process of implementing the new tax regime

commenced a long time ago In 2000 Atal Bihari Vajpayee then Prime Minister of India set up a committee to draft the

GST law

In 2006 Finance Minister proposed the introduction of GST from 1st April 2010 and in 2011 the Constitution

Amendment Bill passed to enable the introduction of the GST law In 2012 the Standing Committee started discussions

about GST and tabled its report on GST a year later In 2014 the new Finance Minister at the time Arun Jaitley

reintroduced the GST bill in Parliament and passed the bill in Lok Sabha in 2015 Yet the implementation of the law

delayed as it was not passed in Rajya Sabha

GST went live in 2016 and the amended model GST law passed in both the house The President of India also gave assent

In 2017 the passing of 4 supplementary GST Bills in Lok Sabha as well as the approval of the same by the Cabinet Rajya

Sabha then passed 4 supplementary GST Bills and the new tax regime implemented on 1st July 2017

Tax Laws Before the Implementation of GST

The Centre and the State used to collect tax separately Depending on the state the tax regimes were different

Even though import tax was levied on one individual the burden was levied on another individual In the cases of direct

tax the taxpayer must pay the tax

Prior to the introduction of GST direct and indirect taxes were present in India

Direct Taxes Refers to the taxes which are paid straight by an individual on whom it is imposed For instance Property

Tax Wealth Tax Gift tax and Income tax etc

Indirect Taxes Refers to the taxes which are charged as a burden reduction for others For instance Excise Duty Service

and Sales tax etc

India established a dual GST structure in 2017 which was the biggest reform in the countrys tax structure in decades

The main objective of incorporating the GST was to eliminate tax on tax or double taxation which cascades from the

manufacturing level to the consumption level


ARTICLE

India has since launching the GST on July 1 2017 implemented the following tax rates


bull A rate of 025 applied to cut and semi-polished stones

bull A 5 tax on household necessities such as sugar spices tea and coffee

bull A 12 tax on computers and processed food

bull An 18 tax on hair oil toothpaste soap and industrial intermediaries

The inal bracket taxing goods at 28 applies to luxury products including refrigerators ceramic tiles cigarettes cars

and motorcycles

The previous system with no GST implies that tax is paid on the value of goods and margin at every stage of the

production process This would translate to a higher amount of total taxes paid which is carried down to the end

consumer in the form of higher costs for goods and services The implementation of the GST system in India is therefore

a measure that is used to reduce inlation in the long run as prices for goods will be lower


TaxRates Products

025 Cut and semi-polished stones are included under this tax slab

5 Household necessities such as edible oil sugar spices tea and coffee (except instant) are included

Coal MishtiMithai (Indian Sweets) and Life-saving drugs are also covered under this GST slab

12 This includes computers and processed food

18 Hair oil toothpaste and soaps capital goods and industrial intermediaries are covered in this slab

28 Luxury items such as small cars consumer durables like AC and Refrigerators premium cars

cigarettes and aerated drinks High-end motorcycles are included here

GST also gives a major push to domestic industries as they will be able to procure seamless input credit for capital goods

Make in India campaign is set to lourish after this reform

ARTICLE

TypesofGST

The four different types of GST are given below


Central Goods and Services Tax (CGST) CGST is charged on the intra state supply of products and services

Individuals who pay tax as per the reverse change mechanism Central goods and service tax is the amount which is

channelled to the central government of revenue department which is equal to SGST The speciic tax amount is for

remuneration for loss of the already existing excise duties which is supposed to be paid to the central government In

such a scenario of the regional sales the remaining 50 share of GST is sent to the CGST

StateGoodsandServicesTax (SGST) SGST like CGST is charged on the sale of products or services within a stateState

Goods and Service Tax is the integral part of tax which is transferred to the state government and state revenue

department This remunerates the loss of present Sales Tax and VAT to state government It is where the 50 share of

total tax imposed is transferred to the SGST tax

IntegratedGoodsandServicesTax (IGST) IGST is charged on inter-state transactions of products and servicesIGST

stands for the Integrated Goods and Services Tax which is imposed when the state-to-state sales and procurement is in

transition A speciic share is sent to the central government along with the partner state to which the goods and services

belong to The IGST is levied only when the two states procurement and sales take place

ARTICLE

RegistrationunderGST

It is mandatory for all Service providers buyers and sellers to register A business that makes a total income of Rs20

lakhs and more in a inancial year must be required to do GST registration It takes 2-6 working days to process

The below mentioned entities and individuals must register for Goods and Services Tax

middot E-commerce aggregators

middot Individuals who supply through e-commerce aggregators

middot Agents of input service distributors and suppliers

middot Non-Resident individuals who pay tax

middot Businesses that have a turnover that is more than the threshold limit

middot Individuals who have registered before the GST law was introduced

Any company that is eligible under GST must register itself in the GST portal created by the Government of India The

registered entities will get a unique registration number called GSTIN

A 15-digit distinctive code that is provided to every taxpayer is the GSTIN The GSTIN will be provided based on the state

you live at and the PAN Some of the main uses of GSTIN are mentioned below

w Loans can be availed with the help of the number

w Refunds can be claimed with the GSTIN

w The veriication process is easy with the help of the GSTIN

w Corrections can be made

The GST registration certiicate is issued in Form GST REG-06 The certiicate is not issued physically It is available in

digital format only A GST Certiicate is an oficial document that is issued by the concerned authorities for a business

that has been enrolled under the GST system GST Certiicate contains GSTIN Legal Name Trade Name Constitution of

Business Address Date of liability Period of Validity Types of Registration Particulars of Approving Authority

Signature Details of the Approving GST oficer and Date of issue of a certiicate

GST E-Way Bill

An electronic document that is generated to show proof of goods movement is the E-Way bill We can generate the bill

from the GST portal

BeneitsofGST


ARTICLE

The following are the advantages of goods and services tax in India

bull Regulation of the unorganised sector

bull E-commerce operators no longer suffer from differential treatment

bull Fewer complications

bull Composition scheme

bull Registration process and iling of returns are simple

bull Higher threshold

bull Elimination of the cascading tax effect

GoodsandServicesTaxNetwork

The GSTN is the Goods and Services Tax Network which is responsible for managing the IT system concerning the GST

Portal It is a non-proit non-government organization and is the database for the oficial GST Portal

The features of the GSTN can be listed as follows

bull Keeping the information of all the taxpayers safe and secure

bull Maintaining conidentiality of the taxpayers information

bull It is a trusted National Information Utility (NIU)

GSTN is responsible for handling

bull The invoices

bull The registrations

bull The payments and refunds (if any)

bull Different types of returns

GSTReturns

A GST Returns is a document that contains information about the income that a taxpayer must ile with the authorities

This information used to compute the taxpayers tax liability Under the Goods and Services Tax registered dealers must

ile their GST returns with details regarding their purchases sales input tax credit and output GST Businesses are

expected to ile 2 monthly returns as well as an annual return

Currently the GST is paid every month The GSTR-1 and GSTR-3B must be iled In the case of refunds the relevant forms

must be submitted as well GST payments can be made both online and ofline Once the payment has made a challan is

generated

TypesofGSTReturnsandDuedates

GSTR-1

GSTR-1 is the return to be furnished for reporting details of all outward supplies of goods and services made In other

words it contains the invoices and debit-credit notes raised on the sales transactions for a tax period GSTR-1 is to be

iled by all normal taxpayers who are registered under GST including casual taxable persons


ARTICLE

Monthlyby11thofeverysucceedingmonthif the business either has an annual aggregate turnover of more than Rs5

crore or has not opted into the QRMP scheme

Quarterlyby13thofthemonthfollowingeveryquarterif the business has opted into the QRMP scheme

GSTR-2A

GSTR-2A is a view-only dynamic GST return relevant for the recipient or buyer of goods and services It contains the

details of all inward supplies of goods and services ie purchases made from GST registered suppliers during a tax

period

GSTR-2B

GSTR-2B is again a view-only static GST return important for the recipient or buyer of goods and services

GSTR-2B provides action to be taken against every invoice reported such as to be reversed ineligible subject to reverse

charge


ARTICLE

GSTR-3B

GSTR-3B is a monthly self-declaration to be iled for furnishing summarised details of all outward supplies made input

tax credit claimed tax liability ascertained and taxes paid

GSTR-3B is to be iled by all normal taxpayers registered under GST The sales and input tax credit details must be

reconciled with GSTR-1 and GSTR-2B every tax period before iling GSTR-3B GST reconciliation is crucial to identify

mismatches in data that may lead to GST notices in future or suspension of GST registration as well

The iling frequency of GSTR-3B is currently as follows

thMonthly 20 of every following month for taxpayers with an aggregate turnover in the previous inancial year of more

than Rs5 crore or have been otherwise eligible but still opted out of the QRMP scheme

thQuarterly 24 of every following month of the quarter ended for the taxpayers with aggregate turnover is less than or

equal to Rs 5 crore eligible and remain opted into the QRMP scheme


GSTR-4

GSTR-4 is the annual return that was to be iled by the composition taxable persons under GST by 30th April of the year

following the relevant inancial year It has replaced the erstwhile GSTR-9A (annual return) from FY 2019-20 onwards

Prior to FY 2019-20 this return had to be iled on a quarterly basis Thereafter a simple challan in form CMP-08 iled by

18th of the month succeeding every quarter replaced it

ARTICLE

The composition scheme is a system in which taxpayers dealing with goods and having a turnover up to Rs15 crores can

opt into and pay taxes at a ixed rate on the turnover declared

GSTR-5

GSTR-5 is the return to be iled by non-resident foreign taxpayers who are registered under GST and carry out business

transactions in India

The return contains details of all outward supplies made inward supplies received creditdebit notes tax liability and

taxes paid

The GSTR-5 return is to be iled monthly by the 20th of each month under GSTIN that the taxpayer is registered in India

GSTR-5A

GSTR-5A refers to a summary return for reporting the outward taxable supplies and tax payable by Online Information

and Database Access or Retrieval Services (OIDAR) provider under GST

The due date to ile GSTR-5A is the 20th of every month

GSTR-6

GSTR-6 is a monthly return to be iled by an Input Service Distributor (ISD)

It will contain details of input tax credit received and distributed by the ISD It will further contain details of all

documents issued for the distribution of input credit and the manner of distribution

The due date to ile GSTR-6 is the 13th of every month

GSTR-7

GSTR-7 is a monthly return to be iled by persons required to deduct TDS (Tax deducted at source) under GST

This return will contain details of TDS deducted the TDS liability payable and paid and TDS refund claimed if any


GSTR-8

GSTR-8 is a monthly return to be iled by e-commerce operators registered under the GST who are required to collect tax

at source (TCS)

It contains details of all supplies made through the e-commerce platform and the TCS collected on the same

The GSTR-8 return is to be iled on a monthly basis by the 10th of every month


ARTICLE

GSTR-9

GSTR-9 is the annual return to be iled by taxpayers registered under GST It is due by 31st December of the year

following the relevant inancial year as per the GST law

It contains the details of all outward supplies madeinward supplies received during the relevant inancial year under

different tax heads ie CGST SGST amp IGST and a summary value of supplies reported under every HSN code along with

details of taxes payable and paid

It is a consolidation of all the monthly or quarterly returns (GSTR-1 GSTR-2A GSTR-3B) iled during that inancial year

GSTR-9 is required to be iled by all taxpayers registered under GST

However there are few exceptions such as taxpayers who have opted for the composition scheme casual taxable

persons input service distributors non-resident taxable persons and persons paying TDS under section 51 of the CGST

Act

GSTR-9C

GSTR-9C is the reconciliation statement to be iled by all taxpayers registered under GST whose turnover exceeds Rs2

crore in a inancial year as per the GST law

It must be certiied by a Chartered AccountantCost amp Management Accountant after conducting a thorough GST audit

of the books of accounts and comparing the igures with the GSTR-9

The deadline to ile this statement is the same as the due date prescribed for GSTR-9 ie 31st December of the year

following the relevant inancial year

GSTR-9C is to be iled for every GSTN hence one PAN can have multiple GSTR-9C forms being iled

GSTR-10

GSTR-10 is to be iled by a taxable person whose registration has been cancelled or surrendered This return is also

called a inal return and has to be iled within three months from the date of cancellation or cancellation order

whichever is earlier

GSTR-11

GSTR-11 is the return to be iled by persons who have been issued a Unique Identity Number (UIN) in order to get a

refund under GST for the goods and services purchased by them in India UIN is a classiication made for foreign

diplomatic missions and embassies not liable to tax in India for the purpose of getting a refund of taxes GSTR-11

contains details of inward supplies received and refund claimed

LateilingofGSTReturns

Return iling is mandatory under GST Even if there is no transaction you must ile a Nil return

You cannot ile a return if you do not ile the previous monthquarters return

Hence late iling of GST return will have a cascading effect leading to heavy ines and penalty

The late iling fee of the GSTR-1 is populated in the liability ledger of GSTR-3B iled immediately after such delay


ARTICLE

InterestandLatefeetobepaid

Interest is 18 per annum It has to be calculated by the taxpayer on the amount of outstanding tax to be paid It shall be

calculated on the net tax liability identiied in the ledger at the time of payment The time period will be from the next day

of iling due date till the actual date of payment

As per the CGST Act the late fee is Rs 100 per day per Act So it is Rs100 under CGST amp Rs 100 under SGST The total

shall be Rs 200day However there is a maximum levy of Rs 5000 There is no late fee separately prescribed under the

IGST Act Also for GSTR-1 and GSTR-3B the total late fee was reduced to Rs 50 day (Rs20 day for Nil iling)

Conclusion

The goods and services tax (GST) is a tax on goods and services sold domestically for consumption The tax is included in

the inal price and paid by consumers at point of sale and passed to the government by the seller The GST is a common

tax used by the majority of countries globally The GST is usually taxed as a single rate across a nation

Every year 1st of July is commemorated as the Financial Independence Day across the country whereupon the entire

MOP (Member of Parliament) took part in the Parliament house function The transformation of the GST jurisdiction

which was approved by +150 countries is not so easy to get done It was not just the complexities but also the confusions

were expected to pop up In a country like India there is a possibility of such complexities


GSTndashOneNationOneTax

GST an area of Vast Opportunities for the Professionals The Goods and Services Tax (GST) is a major taxation reform till

date implemented in India since independence which has replaced many indirect taxes in India such as the Excise duty

VAT services tax additional customs duty surcharges and Octroi etc The Goods and Service Tax Act was passed in the

thParliament on 29 March 2017 and came into effect on 1st July 2017The Parliament has enacted the Central Goods and

Services Tax Act 2017 (CGST Act) while the respective states have enacted their own law The Parliament has also

enacted the Union Territory Goods and Services Tax Act 2017 (UTGST Act) for taxation of intra-state supply within the

Union territories of the Country

GST is a tax which is levied on the supply of goods and services and the tax is levied at every point of sale GST Law in India

is a comprehensive multi-stage destination-based tax that is levied on every value addition GST laws have impacted

the life of the many professionals Enactment of GST Law in India is favorable for Tax Systems growth and prosperity of

our nation

NeedofGST

With the enactment implementation of GST Law new rules and amendments introduced in the taxation system The

Tax system has been improved and everything is required to do in the bracket of GST subsuming all the previously

applicable indirect taxes

ARTICLE


ldquocompany secretary asgst professionalrdquo

CS Lalit Rajput ACS

lalitrajput537gmailcom


ARTICLE

TaxesunderGST


3MajorComponentsofGST

CGST SGST IGST

Ta x c o l l e c t e d b y t h e C e n t r a l

Government on an intra-state sale

Tax collected by the state government

on an intra-state sale


Government for an inter-state sale

Revenue - Shared equally between the Centre and the State Centre will share the IGST revenue

based on the destination of goods

GSTndashAnEmergingopportunityforCompanySecretaryProfessionals

ldquoOpportunitiesknockonlyonceatyourdoorrdquo-GSTisanopportunityforprofessionalslikeuswhich

providesanopportunitytoservelearnandearn

GST law is a consolidation of many indirect taxes laws amprules with the inputs rendered by the tax authorities GST

provides an opportunity to every professional including Company Secretaries (CS) Member of the ICSI to learn and

grow with the new Tax System Structure regardless of competition with experienced professionals of the ield as this

system is new and emerging for all

After the enactment of GST Law in the country the opportunities for professionals in the area of accounting services and

tax management have increased signiicantly and so the role of Professionals including Company Secretaries We

Company Secretaries can help businesses organizations to understand the necessary document needs which are

required to submit for GST registration and relevant GST compliance post registration with the concerned authority It is

our duty and responsibility as Governance Professionals to take interest in emerging opportunity provided by the

Finance Ministry new taxation system to understand fully and then advise concerned people organization accordingly

GST is a new career opportunity for us The requirement of GST experts professionals in the market is at peak due to

various economic reforms of the nation The newness of the GST concept and due to several changes came in this law

lucrative career opportunities have been creating in GST regime for GST professionals experts Due to the increased

emphasis in GST reforms the hiring intensity for GST professionals is at an overall high There has been a huge demand

for the GST talent experts in all the business verticals due to the criticality of the subject

ARTICLE

This is the right time to become a GST experts professional and take home hefty salary packages But since the level of

professional GST expertise required in the industry is high one has to be careful ampremain updated with all the latest

concepts of GST laws

GSTCoursepromotedbyICSI

As the demand of GST professionals has been increased in the industry The Institute of Company Secretaries of India

(ICSI) In order to give suficient practical knowledge of GST has come up with Certiicate course in GST Law which is an

advanced level course and shall test a candidates knowledge of various concepts of GST along with the transitional

issues The candidates successfully complete the Course are awarded a Certiicate by ICSI

This course enables members to understand the key areas of impact in their business prepare different scenarios for

the design and application of GST identify areas of adverse impact and prepare contingency measures examining legal

documentation for recovery of taxes on existing transactions etc

RoleofCompanySecretariesunderGSTRegime

Company Secretaries Members of ICSI are LawExpertsandComplianceMaster Under section 203 of the Companies

Act 2013 Company Secretary has been deined as KMPs ie Key Managerial Personnel means person who is in-

charge of maintaining the high standard of Corporate Governance by abiding laws and regulations in timely complied

manner In other countries Company Secretary is called as Corporate Secretary as he is responsible to take care of all the

compliances with statutory and regulatory requirements

Company Secretaries can play an important role in GST Regime Company Secretaries can act as a Consultant facilitator

and an advisor to the Corporates They can ensure smooth rollout of GST Law in India To minimize tax and smooth

implementation of GST the business would require restructuring their system and Company Secretary can render

required service to and ensure proper restructuring of business

ListofsomeactivitiesandComplianceMattersthatcanbeundertakenbyaCompanyundertheGST

Regime

1RegistrationofvariousBusinessformsundertheGSTLaws

As we all know that there is no professional certiication required to ile registration of any business form with the GST

Authorities Therefore a Company Secretary professional can also render registration services to the industry

2FilingofGSTReturnswiththeGSTAuthorities

To ile GST Returns whether monthly quarterly at GST Portal for all types of Business forms there is no professional

attestation certiication required Hence a Company Secretary professional with expertisein the GST matters can also

render registration services

3ConsultancytotheEntrepreneursandRestructuringtheirBusinessSystem

Being a Company Secretary we have been always considered as Corporate Law experts We dont need any Taxation

Degree to provide consultancy on the GST matters We can comprehensively interpret the law of GST and provide

complete guidance and advisory to the business entities

4Submissionofvariousreturnsinatimeboundmanner

We are responsible for the eficient and timely administration of the company and speciically ensuring statutory and

regulatory compliance We can guide in better compliance and governance and ensure that all activities undertaken to

achieve its aim are in compliance with legal ethical and regulatory requirements


ARTICLE

5E-waybillsrelatedissues

E-Way Bill is an Electronic Way bill for movement of goods to be generated on the e-Way Bill Portal and is mandatory for

a GST registered person transporting goods exceeding value of Rs 50000 (Single Invoicebilldelivery challan) We can

help the business entities persons registered under GST Law to generate the W-waybill on time

We can help and support business entities in Maintenance of appropriate registers and records of the organization as

required under GST Law regime

6Taxplanning

Tax planning is an important segment for every business We can help the industry owners entrepreneurs by Tax

planning services and helps in increasing availability of cash for investment business or personal needs We are

competent to understand the impact of laws changes modiications and its various alternatives and can be helpful in

proper tax planning under GST

7EnsureadequatestepsmeasureshasbeentakentopreventfromNon-Compliance

Procedural Compliance includes registration iling of returns payments of taxes assessment etc Since a Company

Secretary is already playing the role of a Compliance Oficer under various other laws he can assist in the same under

GST law also

8AmendmentsmodiicationsampClosureofBusiness

We can helps the registered person under GST Law to submit various applications for amendments or modiications

revocation and cancellation of GST Registration

Conclusion

Registration Amendments Closure Compliance Check requirements Audit and due diligence in the matters related to

GST Law in the Corporate Sectors needs a close watch and proper guidance and laws regulations should be followed by

the Company Secretaries Company Secretaries in Practice All the records and disclosures should be made properly

The Corporate Laws including GST becomes more tough and strict against Non ndash Compliances with respect to any

matter The dynamics of the boardroom are changing and chairmen and directors are realizing that they need specialist

skilled and technical knowledgeable person in this area and they are looking to company secretaries to provide this

expertiseWe are skilled expert professionals who understand legal inancial and compliance dimensions of business

entity comprehensively


GST is one of the biggest taxation reforms of independent India Its main object was to integrate State economies GST is

the most historic indirect tax reform and is implemented with the aim of enhancing the overall growth of the Nation

along with supporting the MakeInIndiainitiative It aims at creating a single uniied Indian market throughout the

Nation It is a comprehensive destination based indirect tax levy of goods as well as services at the national level

Its main objective is to consolidate multiple indirect tax levies into a single tax thus subsuming an array of tax levies

overcoming the limitations of previous indirect tax structure and creating eficiencies in tax administration

GST is a consumption-based tax which is levied on the basis of ldquoDestination principlerdquo The concept relates

to taxing the supply of goods or services at the point of consumption

It is a comprehensive tax regime covering both goods and services and is collected on value-added at each stage of the

supply chain Further GST paid on the procurement of goods and services can be set off against that payable on the

outward supply of goods or services In simple words Goods and Services Tax is a tax levied on goods and services

imposed at each point of supply GST is a national level tax based on value added principle just like State level VAT which

was levied as tax on sale of inter-state goods

The essence of GST is in removing the cascading effects ie tax on tax of both Central and State taxes by allowing setting-

off of taxes throughout the value chain right from the original producer and service

providers point up to the consumer level

GST is a major improvement over existing system of VAT and disjointed Service Tax ushering a collective gain for

industry trade and common consumers as well as for the Central Government and the State Governments at large

GST as a well-designed value added tax on all goods and services is the most elegant method to eliminate distortions

and to tax consumption

Time to time there had been many amendments in GST Act to remove hardness

In starting when GST came many small business men were thinking that this is a burden on them but time to time under

this act many sections were introduced for the ease of business

For example A composition scheme was introduced in this Act

This composition scheme is an option for speciied categories of small taxpayers to pay GST at a very low rate on the base

of turnover

Now this scheme can be opted by small business men whose turnover in preceding inancial year does not exceed Rs 15

Cr and in some speciied categories eg Arunachal Pradesh Uttarakhand Manipur Meghalaya Mizoram Nagaland

Tripura amp Sikkim this limit is Rs75 Lakh

All composition dealer who opts this scheme are not required to do much compliances and they have to ile quarterly

return in place of monthly return iling

ARTICLE


GST in IndiaCS Sarika Gupta ACS

cssarikaguptagmailcom


ARTICLE

Earlier this scheme was only for manufacturer trader and restaurant service providers

All manufacturer and traders who opt this scheme pay GST rate of 1 while all restaurant service providers pay GST

5 under this scheme

In spite of it anewsection10(2A)is also inserted which allows small service providers providing services other than

restaurant service to opt this scheme on presumption basis Only condition for this scheme is that aggregate turnover

should not exceed Rs 50 Lakh in the previous year In this scheme they have to pay GST 6 (CGST+ SGSTUTGST) on

irst supplies of services up to a value of Rs 50 lakhs made from the date of 1st April of current year

Wecanunderstandthissectionbyoneexample

A photographer Champak Lal has commenced photography service in Delhi from April this year His turnover for

various quarter is as follows

April- June Rs 20 Lakh July ndash Sept Rs 30 Lakh Oct ndash Dec Rs 20 Lakh

He takes registration when his turnover limit is crossed ie after the month of June when turnover limit exceeds Rs 20

Lakhs Now he can opt this scheme because in preceding year his turnover is nil ie below Rs 50 Lakhs

thFor payment of tax under this scheme turnover from 1st April to 30 June will be excluded as this time he did not take

registration in GST

He will pay GST 6 on next Rs 30 Lakh turnover of July to September quarter ie Rs 180000 under this scheme

By end of September month he crosses the eligibility Turnover limit of Rs 50 Lakhs of this scheme so he has to opt out

from this scheme and to adopt normal scheme While during the irst quarter April to June he was not registered in GST

but for eligibility of this scheme turnover of this quarter will also be counted in eligibility limit

Consequently Tax payable for quarter Oct- Dec will be 20 L18 ie Rs 360000 under normal scheme

In the same way earlier all traders and manufacturer who opt this composition scheme were not allowed to provide

services except restaurant services as well as all restaurant service providers also were not allowed to provide other

services except restaurant service

But now Secondprovisotosection10(1)allowsManufacturertraderandrestaurantserviceproviderstosupply

marginal services other than restaurant services along with Goods Restaurant service in CY of value not exceeding

10ofpreviousyearsturnoverorRs500000whichever is Higher

Wecanunderstandthisfromoneexample

Binod is engaged in supply of goods His aggregate turnover in preceding FY is 60 lakh Since his aggregate turnover in

the preceding FY does not exceed 15 crore he is eligible for composition scheme in current FY Further in current FY he

can supply services [other than restaurant services] up to a value of not exceeding

(a) 10 of Rs 60 lakhs ie Rs6 lakh or

Rs 5 lakhs whichever is igher

Thus time to time there are becoming many amendments in this Act for the ease of business In overall we can say GST

(GOODS AND SERVICE TAX) is a GoodandSimpleTax


GST is known as the Goods and Services Tax It is an indirect tax which has replaced many indirect taxes in India such as

the excise duty VAT services tax etc The Goods and Service Tax Act was passed in the Parliament on 29th March 2017

and came into effect on 1st July 2017

In other words GST is levied on the supply of goods and services Goods and Services Tax Law in India is a

comprehensivemulti-stagedestination-basedtaxthat is levied on everyvalueaddition GST is a single domestic

indirect tax law for the entire country

GSTAdvantages

middot GST is a transparent tax and also reduces the number of indirect taxes

middot GST will not be a cost to registered retailers therefore there will be no hidden taxes and the cost of doing business

will be lower

middot Beneit people as prices will come down which in turn will help companies as consumption will increase

middot There is no doubt that in the production and distribution of goods services are increasingly used or consumed

and vice versa

middot Separate taxes for goods and services which is the present taxation system requires division of transaction

values into value of goods and services for taxation leading to greater complications administration including

compliances costs

middot In the GST system when all the taxes are integrated it would make possible the taxation burden to be split

equitably between manufacturing and services

middot GST will be levied only at the inal destination of consumption based on the VAT principle and not at various

points (from manufacturing to retail outlets) This will help in removing economic distortions and bring about

development of a common national market

middot GST will also help to build a transparent and corruption-free tax administration

middot Presently a tax is levied on when a inished product moves out from a factory which is paid by the manufacturer

and it is again levied at the retail outlet when sold

middot GST is backed by the GSTN which is a fully integrated tax platform to deal with all aspects of GST

GSTDisadvantages

middot Some Economist says that GST in India would impact negatively on the real estate market It would add up to 8

percent to the cost of new homes and reduce demand by about 12 percent

middot Some Experts says that CGST (Central GST) SGST (State GST) are nothing but new names for Central

ExciseService Tax VAT and CST Hence there is no major reduction in the number of tax layers

ARTICLE


goods and servicestax (gst)

CS Jaspal Singh Dhanjal FCS

cspunjabpoweryahoocom


ARTICLE

middot Some retail products currently have only a four percent tax on them After GST garments and clothes could

become more expensive

middot The aviation industry would be affected Service taxes on airfares currently range from six to nine percent With

GST this rate will surpass ifteen percent and effectively double the tax rate

middot Adoption and migration to the new GST system would involve teething troubles and learning for the entire

ecosystem

What are the components of GST

There are three taxes applicable under this system CGST SGST amp IGST

middot CGST It is the tax collected by the Central Government on an intra-state sale (eg a transaction happening

within Maharashtra)

middot SGST It is the tax collected by the state government on an intra-state sale (eg a transaction happening within

Maharashtra)

middot IGST It is a tax collected by the Central Government for an inter-state sale (eg Maharashtra to Tamil Nadu)

In most cases the tax structure under the new regime will be as follows


Transaction GSTRegime OldRegime RevenueDistribution

Sale within the State CGST + SGST VAT + Central

ExciseService tax

Revenue will be shared equally between the

Centre and the State

Sale to another State IGST Central Sales Tax + Excise

Service Tax

There will only be one type of tax (central) in

case of inter-state sales The Centre will then

share the IGST revenue based on the destination

of goods

GSTRegistration

AggregateTurnover RegistrationRequired Applicability

EarlierLimitsndashForthesaleofGoodsProvidingServices

Exceeds Rs20 lakh Yes ndash For Normal Category States Up to 31st March 2019

Exceeds Rs10 lakh Yes ndash For Special Category States Up to 31st March 2019

NewLimitsndashForSaleofGoods

Exceeds Rs 40 lakh Yes ndash For Normal Category States From 1st April 2019

Exceeds Rs 20 lakh Yes ndash For Special Category States From 1st April 2019

NewLimitsndashForProvidingServices

There has been no change in the threshold limits for service providers Persons providing services need to register if

their aggregate turnover exceeds Rs 20 lakh (for normal category states) and Rs 10 lakh (for special category states)

ARTICLE

The process by which a taxpayer gets registered under Goods and Service Tax (GST) is GST registration Once the

registration process has been completed the Goods and Service Tax Identiication Number (GSTIN) is provided The 15-

digit GSTIN is provided by the Central Government and helps to determine whether a business is liable to pay GST

WhoiseligibletoregisterunderGST

GST Registration must be completed by the following individuals and businesses

1 Individuals who have registered under the tax services before the GST law came into effect

2 Non-Resident Taxable Person and Casual Taxable Person

3 Individuals who pay tax under the reverse charge mechanism

4 All e-commerce aggregators

5 Businesses that have a turnover that exceeds Rs40 lakh In the case of Uttarakhand Himachal Pradesh Jammu amp

Kashmir and North-Eastern states the turnover of the business should exceed Rs10 lakh

6 Input service distributors and agents of a supplier

7 Individuals who supply goods through an e-commerce aggregator

8 Individuals providing database access and online information from outside India to people who live in India

other than those who are registered taxable persons

TypesofGSTRegistration

Under the GST Act GST Registration can be of various types You must be aware of the different types of GST Registration

before selecting the appropriate one The different types of GST Registration are

NormalTaxpayer

Most businesses in India fall under this category You need not provide any deposit to become a normal taxpayer There is

also no expiry date for taxpayers who fall under this category

CasualTaxablePerson

Individuals who wish to set up a seasonal shop or stall can opt for this category You must deposit an advance amount

that is equal to the expected GST liability during the time the stall or seasonal shop is operational The duration of the

GST Registration under this category is 3 months and it can be extended or renewed

CompositionTaxpayer

Apply for this if you wish to obtain the GST Composition Scheme You will have to deposit a lat under this category The

Input tax credit cannot be obtained under this category

Non-ResidentTaxablePerson

If you live outside India but supply goods to individuals who stay in India opt for this type of GST Registration Similar to

the Casual Taxable Person type you must pay a deposit equal to the expected GST liability during the time the GST

registration is active The duration for this type of GST registration is usually 3 months but it can be extended or

renewed at the type of expiry


ARTICLE

DocumentsrequiredforGSTRegistration

Here are the documents required to complete GST Registration

1 PAN card

2 Aadhaar card

3 Business address proof

4 Bank account statement and cancelled cheque

5 Incorporation Certiicate or the business registration proof

6 Digital Signature

7 Directors or Promoters ID proof address proof and photograph

8 Letter of Authorisation or Board Resolution from Authorised Signatory

GSTRegistrationViaAuthenticationofAadhaar

New businesses can secure their GST registration with the help of the Aadhaar The process is simple and quick The new

process came into effect from 21 August 2020 The procedure to opt for Aadhaar authentication is mentioned below

1 When you apply for GST registration you will be provided with an option to choose Aadhaar authentication

2 Select YES The authentication link will be sent to the registered email ID and mobile number

3 Click on the authentication link

4 Enter the Aadhaar number and select Validate

5 Once the details have been matched an OTP will be sent to the registered mobile number and email ID

6 Enter the OTP to complete the process You will get the new GST registration within three working days

OnlineGSTRegistrationFees

In case you complete the GST Registration procedure online no fee will be levied Once the relevant documents have

been uploaded an Application Reference Number (ARN) will be sent via SMS and email to conirm the registration

PenaltyforNotRegisteringorLateRegisteringUnderGST

If you do not pay tax or pay a lesser amount than what is due the penalty that is levied is 10 of the due amount (in case

of genuine errors) However the minimum penalty is Rs10000

If you have not registered for GST and are deliberately trying to evade tax the penalty levied is 100 of the due tax

amount

BeneitsofGSTRegistration

The main beneits of GST registration are mentioned below

1 Big projects can be accepted from Multinational Corporations (MNCs)

2 Goods can be sold online

3 Goods can be sold across the country

4 GST registration acts as valid proof as it is a legal entity registration

5 Input tax credit can be availed when any goods or services are being purchased

6 With the help of a GSTIN a current bank account can be opened

7 The GSTIN helps in increasing the brand value of the business


ARTICLE

GSTRegistrationExemption

The below-mentioned individuals and entities are exempt from GST registration

1 Businesses that manufacture supplies that come under reverse charge

2 Activities that do not come under the supply of goods or services Examples of such activities are the sale of a

building or land funeral services and services provided by an employee

3 Businesses that make non-GST non-taxable supplies Examples are aviation turbine fuel electricity natural

gas high-speed diesel and petrol

4 Businesses that make exempt nil-rated supplies

5 Businesses that fall under the threshold exemption limit

6 Agriculturists


SrNo Period RsInCrore

1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion

The enforcement of GST has brought in a very transparent system to the country that is also corruption-free The

beneits are far-reaching and are not only business-friendly but consumer-friendly as well This system of taxation has

placed the country well in international trade The Indian market is far more stable now than it ever was With the

application of GST India is in a much better position in the international markets which has positively affected the

economy

GSTndashAhistoricalperspective

Taxes are the prime component of development of any country The revenue from taxation is applied to inance public

goods and services such as infrastructure sanitation transportation and all other amenities which are provided by the

Government to its citizens A tax is a none penal yet compulsory transfer of resources from the private to the public

sector levied on a basis of predetermined criteria and without reference to speciied beneit received

Taxes in India used to be levied by multiple agencies such as Central Government State Governments and some local

authorities such as municipalities There are two types of taxes which are levied in India vizDirect Tax which is levied

directly to an individuals income in the form of Income Tax and Indirect Tax that is paid indirectly by the inal consumer

of goods and services

The source of powers to legislate laws in India is the Constitution of India and the authority to levy a tax is derived from

the Constitution of India which allocates the power to levy various taxes between the Centre and the States Previously

the Centre had the powers to levy tax on the manufacture of goods (except alcoholic liquor for human consumption

opium narcotics etc) while the States had the powers to levy tax on the sale of goods In the case of inter-state sale the

Centre had the power to levy a tax (CST) but the tax was collected and retained entirely by the states As for services it

was the Centre that was empowered to levy service tax

In a nutshell the previous indirect tax regime can be looked at from the point of view of Central and State laws For the

Central Government Central Excise Customs and Service Tax were the three main components For the State

Governments Value Added Tax (VAT) and CST were major taxes along with octroi entertainment tax etc which were in

many cases administered by the local bodies

VATndashThefirststeptowardsIndirectTaxReform

stIntroduction of VAT from 1 April 2005 was considered to be a major step and important breakthrough in the sphere of

indirect tax reform in India Though VAT was a successful move there were certain short-comings in the structure of

VAT This was mainly due to the form of mosaic of taxes being levied on goods and services such as luxury tax

entertainment tax etc not subsumed in the VAT thereby marginalizing the beneits comprehensive tax credit

mechanism The forms of CENVAT and State VAT were remained ineficient in fully removing the cascading effect of

taxes Such taxes added to the cost of goods and services through ldquotax on taxrdquo which the inal consumer has to bear

Variable rates under Excise Duty coupled with multiple valuation systems and various exemptions challenged the VAT

system further A business establishment having ofices in different States was required to follow the laws of the

respective states

ARTICLE


GOODS AND SERVICES TAX (GST)Culmination of ldquoOne Nation

One Taxrdquo ConceptCS Piyush Jain ACS

jainpiyush692gmailcom


ARTICLE

ChallengesofVATsystem

CENVAT was conined to the manufacturing stage and did not extend to the distribution chain beyond the factory gate

Because of this CENVAT paid on goods could not be adjusted against State VAT payable on subsequent sale of goods

This was the position for CENVAT collected on domestically produced goods and that collected as additional duty of

Customs on imported goods Whereas input tax credit of CENVAT or additional duty of custom was available to service

providers paying service tax they were unable to neutralize the State VAT or other state taxes paid on their purchase of

goods State VAT was payable on the value of goods inclusive of CENVAT and thus the VAT liability of a dealer used to get

inlated by this component without beneit of set off Inter state sale of goods attracted CST levied by the Centre and

collected by states This was an origin based tax and could not be set off against VAT in many situations VAT dealers

were unable to set off Service Tax that they had paid on their procurement of taxable input services

GSTndashthemostsigniicantindirecttaxreforminIndia

In order to address the above challenges of VAT GST was thought upon deliberated and brought in as a signiicant

improvement in the indirect tax regime at national as well as state level GST is one of the signiicant taxation reforms in

India aiming to integrate state economics and boost overall growth by creating a single uniied Indian market to make

the economy stronger

GST is consumption or destination based tax levied on goods and services at national level based on ldquoDestination

Principlerdquo It covers both goods and services and be collected on value added at each stage of the supply chain GST paid

on the procurement of goods and services can be set off against that payable on supply of goods or services GSTs prime

aim is to consolidate multiple Indirect tax levies into a single tax thus subsuming an array of tax levies overcoming the

limitations of VAT and creating eficiencies in tax administration To put it straight GST is not simply VAT plus Service

Tax but a major improvement over existing system of VAT and disjointed Service Tax ushering in the possibility of a

collective gain for industries trade and common consumers as well as for the Central and State Governments

Major Acts subsumed under GST are Excise State VAT laws Service Tax Octroi Entry tax etc

GSTndashAFlashback

In July 2000 the Government of India had set up an empowered Committee of some of the State Finance Taxation

Ministers as members with the objectives of implementation of a uniform loor rate of sale tax by States and UTs phasing

out of Sales Tax based incentive scheme to decide milestones and methods of states to switch over to VAT and to monitor

reforms in the Central Sales Tax system existing in the CountryThe Honble Union Finance Minister in the Central budget

for the year 2007-08 announced that GST would be introduced with effect from 01042010 This was based on the

recommendations of The Kelkar Task Force on indirect taxes However the deadline of April 2010 could not be met

because of the intricacies involved in the GST regime including amendment to the Constitution to give concurrent taxing

powers to the Union and State Governments

A non-Government not for proit private limited company was incorporated in the name of Goods and Services Tax

Network (GSTN) as special purpose vehicle to provide IT infrastructure and services to all the stakeholders including

Governments for implementation of GST The Constitution Amendment Bill introduced in the Lok Sabha in December

2014 was passed in May 2015 which was referred to Select Committee of Rajya Sabha The Bill was passed in August

2016 The Bill was adopted by majority of State legislatures The Bill got the assent of Honble President of India on th8 September 2016 Subsequently in April 2017 four Bills were passed by the Parliament on GST to give effect to the

stproposed system of indirect taxation The Acts came into effect from 1 July 2017


ARTICLE

GST-RatesandReturns

There are three types of taxes applicable under the GST regime viz CGST collected by the Central Governments on intra-

state sale SGST collected by State Governments on intra-state sale and IGST collected by the Central Government for

inter state sale GST is divided into ive different tax slabs ndash 0 5 12 18 and 28 Petroleum products alcoholic

drinks and electricity are not taxed under GST and continued to be taxed separately by the State Governments as before

In addition a Cess over and above 28 is applied on few luxury items Pre-GST tax rate for most goods was about 265

Post GST most goods fall in 18 bracket of tax rate

The Central Government in July 2017 introduced three returns for GST ie

middot GSTR-1 related to outward supply

middot GSTR-2 related to inward supply

middot GSTR-3 consolidated return including details of GSTR-1 amp 2

With a view to simplify compliances the Government scrapped GSTR-2 and 3 and introduced GSTR-3B which contains

details of inward outward supplies As a result presently only 2 returns viz GSTR-1 and GSTR-3B are iled The returns th th

are to be iled on 10 20 of the following month of GST liability

Regular taxpayers with an annual turnover of upto Rs5 crore are given an option to either pay tax and ile both GSTR-1

and GSTR-3B returns on quarterly basis or to avail an Invoice Furnishing Facility (IFF) under QRMP Scheme ie ile

GSTR-3B on quarterly basis and pay tax and ile IFF every month Taxpayers with an annual turnover of more than Rs 5

crore have to mandatorily ile both returns and pay tax on monthly basis

Further every GST registered taxable person whose turnover during a inancial year exceeds Rs 2 crore has to ile GSTR-st9 till 31 December of the next Financial Year

E-invoicingunderGST

GST was a new concept to the citizens and even to the Government itself The idea behind the introduction of GST

became successful in subsuming various indirect taxes and ease of compliance burden but it also opened gates for new

kinds of frauds by inding loopholes in the system and misusing the opportunities extended by the Government to its

citizens for their economic prosperity Tax leakage and frauds using fake invoices became a taxing problem for the

Government to counter The concept of E-invoicing was introduced in 2020to put an end to such malpractices by

mandating authorisation of every invoice from the Government portal

Under E-invoicing all B2B and Export invoices need to be generated through the Government system ie the Invoice

Registration Portal (IRP) After uploading invoice on IRP an E-invoice is generated which containsa unique Invoice

Reference Number (IRN) and a digitally signed QR code Once an IRN is generated and invoice has been authenticated its

details are made available on the GST portal and EWB portal in real-time The E-invoice can be cancelled within 24 hrs of

generation

E-invoicing was initially applicable tothose businesses exceeding turnover of Rs 500 crore which wasscaled down to

Rs 100 crore within two months Presently from April 2021 it is mandatory for every business with a turnover of more

than Rs50 crores

Its implementation has beneited the Government in plugging the tax leakage It also bridges the gaps in reconciliation

of mismatch invoices faster availability of genuine Input Tax Credit and lesser possibility of intervention by tax

authorities


ARTICLE

ReverseChargeMechanism

Reverse charge means the liability to pay tax is on the recipient of goods or services instead of the supplier of such goods

or services in respect of notiied categories of supply of goods of services Normally the supplier of goods or services

pays the tax on supply In the case of reverse charge the receiver becomes liable to pay tax ie the chargeability gets

reversed The person who is receiving goods or services pays GST to the Government on behalf of the person who

provides such goods or services and in turn can claim Input Tax Credit if the goods or services received are not in

negative list

ElectronicWayBill

For intra-state interstate movement of goods e-way bill system has been introduced E-way bill is required to be

generated before the commencement of movement of goods only where the value of the consignment exceeds

Rs50000 The time period for the recipient to communicate his acceptance or rejection of the consignment would be

the validity period of the concerned e-way bill or 72 hours whichever is earlier E-way bill is valid for one day up to 100

km and additional one day for every 100 km or part thereafter Form GST EWB ndash 01 is an e-way bill form It contains ldquoPart

Ardquo ie details of goods and ldquoPart Brdquo ie details of vehicle Movement of goods from the place of consigner to the place of

transporter up to a distance of 50 km does not require illing of Part B of the e-way bill The Supplier has to generate Part

A of the e-way bill Implementation of the nation wide E-Way Bill mechanism under GST regime is being done by GSTN in

association with NIC on the portal viz hpsewaybillgstgovin

GSTndashaWorkinProgress

GST one of the steps towards digitisation proved to be a revolutionary tax system for India It has boosted the economy

of the Country by eliminating the drawbacks of the VAT System automation system of tax calculation and enabling

online payment of tax and iling returns which has resulted in the growth of the revenue collection of the Government

Transporting goods from one state to another has become a smoother affair with GST replacing a messy basket of

Central Municipal and State levies Though 4 years have passed since the introduction of the GST regime hiccups and

bottlenecks continue to crop up This could be narrowed down by simplifying rules and procedures GST still being a

work-in progress needs to go a long way to achieve the objective of ldquoOne Nation One Taxrdquo concept

RecognitionofCompanySecretaryunderGoodsandServiceTax

Company Secretaries as competent professionals in the area of Indirect Taxes can get hold of plethora of opportunities

under the Goods and Services Tax Company Secretaries could act as a crucial link to bridge the knowledge gap leading

to fair and voluntary compliance of law and rightful discharge of tax liability by assesses As the gamut of Indirect Tax

expands an ocean of opportunities are being unfolded in front of us The Act itself in Section 48 reads with Rule 83 of the

Central Goods and Services Tax Rules 2017 provides that any person who has passed the Final Examination of the

Institute of Company Secretaries of India (ICSI) is eligible for enrolment as a Goods amp Services Tax Practitioner Such a

person can apply in Form GST PCT-01 on the common portal either directly or through a Facilitation Centre notiied by

the Commissioner for enrolment for registration Further Under Section 116 of Central Goods amp Services Tax Act 2017

read with Rule 84 of the said Rules a Company Secretary is entitled to appear before an oficer appointed under this Act

or the Appellate Authority or the Appellate Tribunal in connection with any proceedings under this Act Apart from this

Company Secretories a responsible oficer in most of the companies get entrusted with responsibilities under GST

ambit and paves the way for strategic thinking for the business development They are well connected with all the

segments right from strategy marketing compliances administration and so on This diversiication of areas of

responsibility will open up more opportunities of career growth for Company Secretaries even to reach at the top

management level


Goods and Service Tax is an Indirect Tax which has replaced many indirect taxes in India such as the Excise Duty Vat th st

Services Tax etc The Goods and Service Tax was passed in the Parliament on 29 March 2017 and came into effect on 1

July 2017Goods and Service Tax is levied on the supply of Goods and services Goods and Services Tax Law in India is a

comprehensive multi-stage destination-based tax that is levied on everyvaluableadditionGST is a single domestic

indirect tax law for the entire nation The structure of indirect levy in India before the arrival of GST was

ARTICLE


GOODS AND SERVICES TAX (GST)what is gst in india

CS Ashvini Mohan Dhuri ACS

ashwinidhuri10gmailcom


Under the GST Regime the tax is levied at every point of sale In the case of intra-state sales central GST and State GST are

charged All the inter-state sales are chargeable to the Integrated GST

AMulti-Stage

middot An item goes through multiple change of hands along its supply chain starting from Manufacture until the Final

sale to the customer like the following

- Purchase of raw materials

- Production or manufacture

- Warehousing of inished goods

- Selling to wholesalers

- Sale of the product to the retailers

- Selling to the end consumers

- The Goods and Services Tax is levied on each of these stages making it a Multi- Stage Tax

ARTICLE

BValueAddition(VA)


bull A manufacturer who makes biscuits buys lour sugar and other material The value of the inputs increases

when the sugar and lour are mixed and baked into biscuits

bull The manufacturer then sells these biscuits to the warehousing agent who packs large quantities of biscuits in

cartons and labels it This is another addition of value to the biscuits After this the warehousing agent sells it to

the retailer

bull The retailer packages the biscuits in smaller quantities and invests in the marketing of the biscuits thus

increasing its value GST is levied on these value additions ie The monetary value added at each stage to

achieve the inal sale to the end customer

CDestination-Based

Consider goods manufactured in Maharashtra and sold to the inal consumer in Karnataka Since the goods and Service

Tax is levied at the point of consumption the entire tax revenue will go to Karnataka and not Maharashtra

JourneyofGSTinIndia

The GST journey began in the year 2000 when a committee was set up to draft law It took 17 long years from then for the

law to come into existence In 2017 the GST Bill was passed in the Lok Sabha and Rajya Sabha On 1stJuly 2017 the GST

Law came into force

AdvancesofGST

bull Removal of Cascading effect

bull Higher Threshold for GST registration

bull Composition scheme for all small businesses

bull Simpler online facilities for GST compliance

bull Relatively lesser compliances under GST

bull Deined treatment for E-Commerce activities

bull Increased eficiency in logistics

bull Regulating the unorganized sectors

ComponentsofGST

bull CGST CGST is a tax levied on Intra State supplies of both goods and services by the Central Government and will be

governed by the CGST Act

bull SGST SGST is a tax levied on Intra State supplies of both goods and services by the State Government and will be

governed by the SGST Act

bull IGST IGST is a tax levied on all Inter-State supplies of goods andor services and will be governed by the IGST

ARTICLE

Illustration

Let us assume that a dealer in Gujarat had sold the goods to a dealer in Punjab worth Rs 50000 The tax rate is 18

comprising of only IGST Here the dealer has to charge IGST of Rs 9000 This revenue shall go to the Central Government

The same dealer of Gujarat sells goods to a consumer in Gujarat worth Rs 50000The GST rate on goods is 12 This rate

comprises CGST at 6 and SGST at 6The dealer has to collect Rs6000 as Goods and Service Tax Rs 3000 will go to the

Central Government and Rs3000 will go to the Gujarat Government since the sale is within the State

TaxLawsbeforeGST

In the earlier indirect tax regime there were many indirect taxes levied by both the state and the centre States mainly

collected taxes in the form of Value Added Tax (VAT) Every state had a different set of rules and regulations Inter-state

sale of goods was taxed by the centre CST (Central State Tax) was applicable in case of inter-state sale of goods The

indirect taxes such as the entertainment tax octroi and local tax were levied together by state and centre These led to a

lot of overlapping of taxes levied by both the state and the centre For example when goods were manufactured and sold

excise duty was charged by the centre Over and above the excise duty VAT was also charged by the state It led to a tax on

tax effect also known as the cascading effect of taxes The following is the list of indirect taxes in the pre-GST regime

middot Central Excise Duty

middot Duties of Excise

middot Additional Duties of Excise

middot Additional Duties of Customs

middot Special Additional Duty of Customs

middot Cess

middot State VAT

middot Central Sales Tax

middot Purchase Tax

middot Luxury Tax

middot Entertainment Tax

middot Entry Tax

middot Taxes on advertisements

middot Taxes on lotteries betting and gambling

CGST SGST and IGST have replaced all the above taxes


Transaction NewRegime OldRegime RevenueDistribution

Sale within the State CGST+ SGST VAT + Central

Excise Service Tax

Revenue to be shared equally between Centre and the

State

Sale to another State IGST Central Sales Tax +

excise Service Tax

There will be only one type of tax (central) in case of

inter-state sales The Centre will then share the IGST

revenue based on the destination of goods

ARTICLE

HowhasGSThelpedinPriceReduction

During the pre-GST regime every purchaser including the inal consumer paid tax on tax This condition of tax on tax is

known as the cascading effect of taxesGST has removed the cascading effect Tax is calculated only on the value-addition

at each stage of the transfer of ownership The indirect tax system under GST will integrate the country with a uniform

tax rate It will improve the collection of taxes as well as boost the development of the Indian economy by removing the

indirect tax barriers between states

Illustration

Based on the above example of the biscuit manufacturer lets take some actual igures to see what happens to the cost of

goods and the taxes by comparing the earlier GST regimes

Taxcalculationsinearlierregime


Action Cost(Rs) Taxrateat10(Rs) InvoiceTotal(Rs)

Manufacturer 1000 100 1100

Warehouse adds a label and

repacks at Rs300

1400 140 1540

Retailer advertises at Rs 500 2040 204 2244

Total 1800 444 2244

The tax liability was passed on at every stage of the transaction and the inal liability comes to a rest with the customer

This condition is known as the cascading effect of taxes and the value of the item keeps increasing every time this

happens

Taxcalculationsincurrentregime

Action Cost(Rs) Taxrateat10(Rs)

Taxliabilitytobedeposited(Rs)

InvoiceTotal(Rs)

Manufacturer 1000 100 100 1100


repacks at Rs300

1300 130 30 1430

Retailer advertises at Rs 500 1800 180 50 1980

Total 1800 180 1980

In the case of Goods and Services Tax there is a way to claim the credit for tax paid in acquiring input The individual who

has already paid a tax can claim credit for this tax when he submits his GST returns

ARTICLE

WhataretheNewCompliancesunderGST

Apart from online iling of the GST returns the GST regime has introduced several new systems along with it

1E-WayBills

GST introduced a centralized system of waybills by the introduction of ldquoE-way billsrdquo This system was launched on 1st

April 2018 for inter-state movement of goods and on 15th April 2018 for intra-state movement of goods in a staggered

manner

Under the e-way bill system manufacturers traders and transporters can generate e-way bills for the goods transported

from the place of its origin to its destination on a common portal with ease Tax authorities are also beneited as this

system has reduced time at check -posts and helps reduce tax evasion

2E-invoicing

The e-invoicing system was made applicable from 1st October 2020 for businesses with an annual aggregate turnover of

more than Rs500 crores in any preceding inancial years (from 2017-18) Further from 1st January 2021 this system

was extended to those with an annual aggregate turnover of more than Rs100 crores These businesses must obtain a

unique invoice reference number for every business-to-business invoice by uploading on the GSTNs invoice

registration portal The portal veriies the correctness and genuineness of the invoice Thereafter it authorizes using the

digital signature along with a QR code E-Invoicing allows interoperability of invoices and helps reduce data entry

errors It is designed to pass the invoice information directly from the IRP to the GST portal and the e-way bill portal It

will therefore eliminate the requirement for manual data entry while iling GSTR-1 and helps in the generation of e-way

bills too

3ChangeinRegistrationLimit

Increase in GST registration limit from Rs 20 lakhs up to Rs 40 lakhs for suppliers of goods Changes in the existing

composition scheme made by increasing the turnover limit to join the scheme up to Rs 15 crores tax payments to be

made quarterly and returns to be iled annually starting 1st April 2019

4Variousotheramendments

43rd GST Council meeting will take place on 28th May 2021 (Friday) at 11 AM via video conferencing and will be

chaired by Union FM Nirmala Sitharaman

middot Section 16 amended to allow taxpayers claim of input tax credit based on GSTR-2A and 2B Henceforth ITC on

invoices and debit notes may be availed only when the details of such invoice or debit note have been furnished

by the supplier in the statement of outward supplies and such details have been communicated to the recipient

of such invoice or debit note

middot Section 50 of the CGST Act is being amended to provide for a retrospective charge of interest on net cash liability

with effect from 1st July 2017

middot With respect to orders received on detention and seizure of goods and conveyance 25 of penalty needs to be

paid for making an application for appeals under section 107 of the CGST Act Date of applicability is yet to be

notiied


ARTICLE

middot GST audit requirement by speciic professionals such as CAs and CMAs has been removed from the GST law

Section 35 and 44 has been amended in this regard As per the amendment only GSTR-9 annual returns on a self-

certiication basis need to be iled on the GST portal by taxpayers completely removing the requirement for

GSTR-9C ie the reconciliation statement However the inancial year and date of applicability are yet to be

clariied by the government

middot Section 7 of the CGST Act was amended to include a new clause under the deinition of supply Activities or

transactions involving the supply of goods or services by any person other than an individual to its members or

constituents or vice-versa for cash deferred payment or other valuable consideration falls under supply and

will be liable to tax Earlier this supply would have been considered as only supply of goods under schedule II So

the scope is expanded now for levy

middot Seizure and coniscation of goods and conveyances in transit are now made a separate proceeding from the

recovery of tax from Section 74

middot Self-assessed tax referred to under section 75 of the CGST Act shall also cover the outward suppliessales as

reported in the GSTR-1 under Section 37 of the CGST Act but which has been missed out while reporting in the

GSTR-3B under Section 39

middot The provisional attachment shall remain valid for the entire period starting from the initiation of any proceeding

till the expiry of a period of one year from the date of order made there under

middot Section 129 is delinked from Section 130 Accordingly proceedings relating to detention seizure and release of

goods and conveyances in transit will be separate from the levy of penalty for the coniscation of goods and

conveyance

middot The Jurisdictional Commissioner can now call for information from any person relating to any matter dealt with

in connection with the Act under Section 151 together with section 168 Further section 152 is amended to

provide an opportunity of being heard before using information obtained under Sections 150 or 151 of the Act

middot The IGST Act was also amended in Section 16 that deines a zero-rated supply Three amendments were made ndash

(1) To state that supply to SEZ units developers will be zero-rated only if it is authorized operations (2) Only

notiied persons or supplies of goodsservices can avail the status of zero-rated when IGST is paid (3) Foreign

exchange remittance will be linked in case of export of goods with the refund


ThePerspectivest thOn 1 July 2021 our beloved and most controversial Goods and Service tax Act will be celebrating its 4 Birthday The 3

Major Motive for introducing GST were One nation One Tax Ease of compliances and Seamless Flow of credit to

eliminate the cascading effect of the Taxes In these 4 years GST has undergone more than 900 amendments through

Notiications Circulars and Press Release There has been Chronic Tinkering and twisting of the provisions and as a

result of that the provisions which are currently in force are completely different from the one which were introduced in

the beginning

WhatisGST

Goods and Services Tax is levied on the manufacturing and sales of goods and services across the country The tax is

charged at every stage of the manufacturing process GST is applicable for both the customer and the manufacturer It is a

destination-based tax This means that GST is to be collected at the point of consumption So if a product is

manufactured in Bihar and is sold in Bhopal the tax will be levied in Bhopal Moreover at every stage of the

manufacturing process where value is added to the product GST is collected

Introduced as one of the biggest economic reforms by the BJP-led Modi government the GST kicked off with the promise

to streamline taxation and compliance burden Experts also claimed that in many ways it has streamlined the process

ldquoBased on the one nation one tax ideology GST has helped in reducing the cascading effect of tax considerably Also

multiplicity of compliances under various indirect taxes has been reduced Hence introduction of GST in India has

brought in eficiencies in indirect tax compliance incidence and reduced the number of indirect tax authorities that a

taxpayer needed to interact with

EffectofGSTontheIndianeconomy

In a few months Goods and Services Tax law in India will celebrate its fourth birthday This could be a good time to raise

the question whether GST has been a success in India Responses to this question normally swing between two extremes

- the government and the tax department would say that GST has been an unqualiied success while the taxpayer who

has struggled to cope with the rapid changes in the law would say that GST has been a disaster As is normally the case

with such extremities the truth lies in the middle GST has its good points and its poor points with the latter winning

over the former Had the implementation been more smooth the poor points would have been overshadowed by the

good parts of GST

The introduction of GST has helped merge the taxes of the state and central governments This has helped remove the

cascading effect of multiple taxes Therefore the burden of taxes has reduced for companies and customers Not just this

taxpayers have increased in number and hence the tax revenues have also increased signiicantly Over the last year or

so two developments in GST should be considered to be huge positives

ARTICLE


GST ndash Impact Issuesand Suggestions


CS (Dr) S K Gupta FCS

cbstskguptagmailcom

ARTICLE

The concept of e-invoicing has been introduced in stages ndash this is a step that would ensure greater transparency in

supplier-receiver transactions which results in proper availment and utilization of input tax credit Simultaneously the

government appears to have announced a war to ight the menace of fake invoicing which was taking away a substantial

portion of GST revenues

The implementation of GST has signiicantly affected the Indian economy in the following ways

middot SimpliicationofthetaxstructureGST has simpliied the taxation system of the country As GST is a single tax

calculating taxes at the multiple stages of the supply chain has become easier Through this both customers and

manufacturers get a clear idea of the amount of tax they are charged and its basis Further hassles of handling tax

oficials and authorities can also be avoided

middot FosteringproductionAs per the Indian retail industry the total tax component is around 30 of the product

cost Due to the impact of GST the taxes have gone down So the end consumer has to pay lesser taxes The

reduced burden of taxes has enhanced the production and growth of the retail and other industries

middot SMEsupport Small and medium enterprises can now register under the Composition Scheme introduced by

GST Through this scheme they pay taxes according to their annual turnover Therefore businesses having an

annual turnover of Rs 15 crores only have to pay 1 GST Moreover other enterprises having a turnover of Rs

50 lakh are required to pay 6 as GST

middot EnhancedpanIndiaoperations Companies can now avoid taxation roadblocks such as toll plazas and check

posts Earlier these created problems including damage to unpreserved products while transporting them So

manufacturers had to keep buffer stock to make up for the damages These overhead costs of storing and

warehousing hampered their proit A single taxation system has reduced these problems They can now

transport their goods easily across India This has resulted in the improvement of their pan India operations

middot Increaseinexports GST has reduced the customs duty on exporting goods The cost of production in the local

markets has also decreased due to GST All these factors have increased the rate of exports in the country

Companies have become more competitive when it comes to expanding their businesses globally

middot Thegoods and services tax (GST)has ensured formalizationof the economy and improved mop-up

delivering seamless convergence under the one-nation one tax theme said industry champions unanimously

calling it an enabler of ease of doing business With uniformity of rates and elimination of multiple other indirect

taxes GST has cut out the cascading of levies widened the tax net and added to revenues

IssuesunderGST

middot Dificulty in claiming input tax credit and ever changing rules make compliance a cumbersome businessldquoInput

Tax Credit (ITC) is an area which has certain limitations that need to be addressed The GST regime sought to

have a seamless low of ITC however conditions for availing ITC being stringent many taxpayers lost out on ITC

middot Taxpayers are also complaining about the imposing an arbitrary monetary limit on availing input tax credit

through Rule 36(4) and mandating that a certain percentage of GST has to be paid in cash

middot The nationwide lockdown has intensiied the problem of revenue shortfall for states with the Centre not paying

up the dues on time Also with coffers drying up and with social and health spending going up states are growing

disenchanted with the system

middot The meetings of the GST Council are not as frequent as they were earlier if the recent incidents are anything to go

by and it often end up with disagreement ight and strong letters and statements


ARTICLE

middot The core theme of the one nation one tax slogan seems to be diluted with the introduction of state-level cesses

for example Kerala Flood cess at the rate of up to 1

middot Challenges for the exporters for smooth processing of GST refunds have been an area of concern while the

government has taken several initiatives for speedy processing of refunds the beneit is taking time to percolate

to corporates effectively

middot With the advent of GST various petitions seeking release of detained goods and hardships faced due to technical

glitches have been iled Moreover the constitutional validity of some of the GST provisions have been contested

before the courts It cannot be denied that AAR authorities have helped to clarify several controversial issues

However contradictory rulings on identical matters should be addressed soon

middot The announcement that a GST reconciliation statement need not be certiied by an auditor could have probably

waited for a couple of years more since the department would need some authentic database on what

components of the revenue statement would attract GST ndash a task best left to the auditor of the entity

middot We all know that in GST there will be the lot of litigations coming in near future and we all know the reason In

this 4 years GST has become more prone to litigation Even for simple revocation of cancellation of registration

after the prescribed days the taxpayer has to ile the appeal So we can presume the litigations that are going to

happen in near future

SuggestionsforimprovingeffectivenessofGST

middot There is an invariable need to put a halt on the changes in tax rates and decide the rate structure that is static for a

few years Adding on to that increasing the tax rates is not an ideal solution for grabbing more revenue especially

in the era of an economic slowdown In short there is a need for a simpliied tax structure of only three tax slabs

Either we need to merge 12 amp 18 or 5 amp 12 slabs into one

middot Some goods amp services like electricity real estate and petroleum are out of GST structure As they are out of GST

bracket the input tax credit beneits cannot be utilized by the segments involved in the process and so it is a loss

for them In addition these sectors are out of the indirect tax system at the mercy of state government Some

sectors such as oil and gas are demanding to be included in the GST Even experts suggest that the right way to

implement GST is to put all the sectors under the bracket of GST but it would take some time to implement the

required tweaks to the system

middot Exempt supplies must not form part of ldquoaggregate turnover‟ to determine threshold limit for taking registration

in GST It must be excluded from the Aggregate Turnover The threshold limit of 20 Lakhs more will be signiicant

for SMEMSME sector This will enable a small taxpayer having majorly exempt supplies with only a small

portion of taxable supplies to remain out of the net of GST

middot The current composition scheme is applicable only for manufacturers traders and restaurant service providers

In the GST amendments it has been proposed by the GST Council to enable registered manufacturers and

traders to opt for composition scheme us 10(1) of the CGST Act even if they supply services of value not

exceeding 10 of the turnover in the preceding FY in a StateUnion territory or Rs 5 lakhs whichever is higher

The beneit of composition scheme must be extended to other service providers by providing certain percentage

or ceiling for inter-state outward supplies of goods for the beneit of SMEMSME sector in true sense Presently

a person opting for composition scheme is not allowed to make any inter-state outward supply of goods which is

creating a bottle neck for small sector


ARTICLE

middot A suitable clariication is required with regard to the deinition of ldquoagent‟ under Section 2(5) (vii) of Section 24

of CGST Actas it covers only those persons who supply taxable goods on behalf of any other person ie

consignment agents Clarity on Compulsory Registration for ldquoagentsrdquo is only conined to consignment agents

Controversy whether the commission agents or brokers who merely facilitate a transaction between two parties

like procuring orders etc are also debarred from the beneit of threshold limits of registration ie Rs 20 Lac

middot As part of ICT the government should promote the usage of Point of Sales (PoS) machines which are closely

integrated with the Inventory Invoicing and GST Returns iling This will ease the reporting compliance as the

small traders are inding it dificult for tracking and maintaining inventory based on HSN codes Subsidy may be

given for procurement of such PoS machines so that it will increase the return iling ratio and also minimize the

digital transactions which has increased during the demonetization period but the same started falling and

reaching lower levels than the pre-demonetization period

middot IGST credit to be restricted only on import of raw materials - Manufacturers of India must be incentivized in

comparison to their position with traders of imported inished goods IGST credit on imports should be

restricted only to the manufacturer of imported raw materials Import of Finished goods must not be allowed

par beneit of credit of IGST to the trader of imported inished goods This will make the position of

manufacturers wiser and encouraging as compared to importers This will boost Make in India and promote

domestic manufacturers

middot Taking into consideration the rigorous procedure involved in Advance Ruling provisions iling of application on

behalf of association representing its members in a State may be permitted This will beneit small taxpayers not

being able to adopt this route for seeking certainty of their GST issues Such application can be accompanied

with list of all the members with their GSTIN on whom such ruling shall be applicable

middot If the MSME taxpayers pays the taxes promptly and also iles the returns in time there should be a certain

percentage of the amount of tax paid should be rewarded back This will prompt the taxpayers to be honest and

take the incentive This amount should be declared or given after the audit assessment so that undue beneit

will not be passed on the taxpayers Also region wise such taxpayers should be honored this will also motivate

others to pay taxes upfront

Conclusion

This is the third consecutive year India has made waves on the Doing Business ranking India improved on six of ten

parameters set by the World Bank as against eight last year becoming among top ten improvers for the second time in a

row This year alone India has moved up by a phenomenal 14 spots on the Doing Business Index a feat achieved by most

countries over a 20 year period Finance Minister Nirmala Sitharaman has spoken of the Governments keen interest in

improving rankings and keeping that goal in mind they are prepared to implement all sorts of reforms - especially under

GST and GST Compliance


stOn 1 July 2021 our beloved Goods and Service tax Act will be celebrating its 4th Birthday GST was introduced for 3

major purposes as One nation One tax ease of compliances and seamless low of credits to remove the cascading effects

of the taxes However in the last 4 years GST is reshaping itself by more than 900 amendments through Notiications

Circulars and Press release accordingly we can say it is changing day by day In this article author has discussed the topic

of ldquoE-way Bill under Goods and Services Tax (GST)rdquo

ARTICLE


E-way Bill under Goodsand Services Tax (GST)


CS Sandeep Singh Chauhan ACS

sandy673711gmailcom

WhatisE-wayBill

E-way bill is an electronic permit or electronic generated document for movement of goods from one place to another

place which is to be generated on the E-way bill portal ie on wwwewaybillgstgovin

Earlier before the introduction of GST there was no concept of electronic way bill However the need to have check and

balances in the present has been felt necessary to discourage the parallel economy Introduction of E-way Bill in India

has been effected for inter-State movement of goods across the country from 1st April 2018 and on notiied dates by

respective State Government for intra state movements

WhenshouldE-wayBillbegenerated

If the value of goods of consignment is more than Rs 50000- except for certain speciied goods meant for Job work

goods meant for export with Customs seal from factory to Port airport ICD imported goods goods sent on approval

basis exhibition or fairs purposes removal for testing removal from factory to weighbridge for weighment of goods

and back to factory up to 20 kms inward supply from unregistered person SKD CKD Sales return For own use and

exempted goods

ARTICLE


Accordingly E-way Bill shall mandatorily generated on the common portal for all types of movements if the value of

goods exceeds more than Rs 50000- however E-way Bill needs to be generated mandatory even if the value of

consignment of goods is less than Rs 50000 where ndash

1 Movement of goods in inter-state by principal to the Job-worker

2 Handicraft goods are transported from one State or Union territory to another State or Union territory by a

person who has been exempted from the requirement of obtaining registration under clauses (i) and (ii) of

section 24 of the CGST Act

Here the term Consignment Value means value determined as per section 15 of the CGST Act as mentioned on the

invoice bill of supply or delivery challan as the case may be including the applicable tax thereon However such

consignment value shall exclude the value of exempted supply where the invoice is issued in respect of both exempt and

taxable supply of goods (ldquoNotiicationNo122018rdquo)

WhoshouldgenerateE-wayBill

The primary responsibility to generate E-way Bill shall be of the registered person who causes the movement of goods

ie the consignor or the consignee as the case may be However if such consignor or consignee doesnt generate the

EWB it may be generated by transporter as well if authorized by the registered person In case of supply of goods by an

unregistered person to registered person the liability to generate EWB is on the recipient

As per revised Rule 138 (2) under Notiication No 122018 it has been provided that E-way Bill shall be required to be

generated in case the goods are transported by consignor or consignee in his own vehicle or in a hired one or a public

conveyance by road In such case the registered person causing the movement of goods may raise the EWB after

furnishing the vehicle no in Part B of FORM GST EWB ndash 01 if the value of goods being transported is more than

Rs50000-

Railway has been exempted from generation and carrying of e-way bill with the condition that without the production of

e-way bill railways will not deliver the goods to the recipient But railways are required to carry invoice or delivery

challan etc

ARTICLE


WhenE-wayBillisnotrequiredtobegenerated

In the following cases E-way Bill is not required to be generated

(i) The goods being transported are speciied in Annexure under Rule 138(14) of the Central Goods and Services Tax

Rules2017

(ii) The goods are being transported by a non-motorized conveyance

(iii) The goods are being transported from the port airport air cargo complex and land Customs Station to Inland

Container Depot or Container Freight Station ( for clearance by Customs)

(iv) The movement of goods within areas notiied under clause (d) of sub-rule (14) of the Goods and Services Tax Rules

of the Concerned State

(v) Goods ( other than de-oiled Cake) speciied in the Schedule appended to Notiication No22017-CT(Rate) dated

the 28th June2017 ie goods exempted from GST

(vi) Alcoholic liquor for human consumption petroleum crude high speed diesel motor spirit (commonly known as

petrol) natural gas or aviation turbine fuel

(vii) Goods which have been declared as no supply in Schedule III of CGST Act2017

(viii) Where the goods are being transported under Customs bond from an inland container depot or a container freight

station to a Customs port airport air cargo complex and land Customs station or from one Customs station or Customs

port to another Customs station or Customs port or under Customs supervision or under Customs seal

(ix) Where the goods being transported are transit cargo from or to Nepal or Bhutan

(x) Where the goods being transported are exempt from tax under Notiication No 72017-CT(Rate) dated 28th

June2017 as amended from time to time and Notiication No 262017-CT(Rate) dated the 21st September2017 as

amended from time to time

(xi) Any movement of goods caused by defence formation under Ministry of defence as a consignor or consignee

(xii) Where the consignor of goods is the Central Government Government of any State or a local authority for transport

of goods by rail

(xiii) Where empty cargo containers are being transported and

(xiv) Where the goods are being transported upto a distance of twenty kilometers from the place of business of the

consignor to a weighbridge for weighment or from the weighbridge back to the place of business of the said consignor

subject to condition that the movement of goods is accompanied by a delivery challan issued in accordance with Rule 55

BlockingandUnblockingofE-wayBill

middot E-way bill generation is blocked for taxpayers who have not iled their returns for the previous two consecutive

monthsquarters

middot Thus if a taxpayer has not iled GSTR-3B for two or more consecutive months then heshe cannot generate e-

way bills to do dispatches and receive goods resulting in a standstill

middot Only when a taxpayer iles GSTR-3B the e-way bills will get unblocked on the next day

middot The system of e-way bill clocking was implemented from the 2nd of December 2019

ARTICLE


Forexample if a taxpayer has not iled his GSTR-3B for April 2021 and May 2021 then his GSTIN will get blocked in the

e-way bill portal from June The main intention of the government is to track down the non-ilers of GST returns and

make them compliant

WhatifE-wayisnotgenerated

If the suppliers or transporters are not generating the e-way bills the same will be considered as contravention of

statutory provisions of GST law

As per Section 122 (xiv) of the CGST Act 2019 a taxable person who transports any taxable goods without the cover of

speciied documents E-way bill shall be liable to pay a penalty of Rs 10000- or an amount equivalent to the tax

evaded

As per section 129 of CGST Act2017 where any person transports any goods or stores any goods while they are in

transit in contravention of the provisions of this Act or the rules made thereunder all such goods and conveyance used as

a means of transport for carrying the said goods and documents relating to such goods and conveyance shall be liable to

detention or seizure to recover applicable tax and penalty from the person transporting goods and the owner of the

goods

SomeoftheimportantjudicialpronouncementonE-wayBill

SNo CaseName IssueampSummary

1 Ms KB Enterprises Vs Asst

Commissioner State Taxes amp

Excise-2019(12) TMI 1089-

GSTAA-HP

Section 129 proceeding cannot be initiated for Minor mistake(s) in e-

way bill- The minor mistakes in Part-B of the e-way bill (error in one or

two digitscharacters of the vehicle number) will not invite detention

order and only penalty of Rs 1000- (CGST- Rs 500- amp SGST-Rs 500-)

will become due to payable

2 Godrej Consumer Products Ltd

Vs ACSTampE-Cum- GIBHP

G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67

Typographic error in entering distance in E-way bill is minor

mistake-Due to a typographic error while generating E-way bill the

petitioner mentioned approx distance between Puducherry to Himachal

Pradesh as 20 Kilometers instead of 2000 Kilometers As a result a

validity of one day has been calculated by the E-way bill portal instead of

twenty days and the E-way bill subsequently got expired on the very next

day The consignment was intercepted on dated 15th Sep 2018 and

thereby a taxpenalty has been imposed under section 129 of

HPGSTCGST Act 2019 for contravention of Rule 138 However it was

held by the Honble HC that typographic error may be treated as a minor

one and in such case if the demand and penalty have been levied by the

proper oficer us 129 the same need to be refunded to the supplier

ARTICLE


3 Hindon Machinery Tools Vs

State of UP- 2019 (22) GSTL 4

(All)

ReleaseoftheseizedgoodsforwritingwrongTaxInvoiceNoonE-

way Bill- Incorrectly mentioning the number of tax invoices as tax

invoice number on E-way Bill- Prima facie there seems no discrepancy in

E-way Bill attracting seizure of goods Goods directed to be released

without insisting for a deposit of any amount and furnishing security as

GST already paid on goods

4 Daily Fresh Fruits India Private

Limited v Commissioner SGST

2020-VIL-115- KER

Detentionofgoodsonthegroundofwrongclassiicationofgoods-

The High Court quashed detention order on the ground that this was a

bona-ide case of dispute in the classiication of goods and directed

release of goods

5 Commercial Steel Company v

Assistant Commissioner of State

Tax 2020-VIL- 116-TEL

Goodscannotbedetainedjustbecausedriverhastakenadifferent

route-The High Court observed that vehicle was found at another place

does not automatically lead to any presumption that there was an

intention of evasion of tax

6 Kun Motor Co Pvt Ltd Versus

Assistant State Tax Oficer

Kerala State GST Department

Thiruvananthapuram- 2019

(21) GSTL 3 (Ker)

Incidence of Tax is on Supply andnot onnature of transport-A

person from Trivandrum goes to Pondicherry purchases a car and

entrusts it to the car dealer to transport it to Trivandrum On the way in

Kerala the oficials under the GST Act intercept the vehicle and detain

the goods for no e-way bill accompanies the consignment The High

Court held that detention of car was illegal

The 43rd GST council meeting was held on 28th May 2021 The GST Council has met after more than six months The

meetings were chaired by Finance Minister Smt Nirmala Sitharaman Union Minister of State for Finance and Corporate

Affairs Shri Anurag Thakur was also present at the meeting besides the Finance Ministers of the states and union

territories (UTs) and other senior oficers of both the Ministry of Finance and the States and UTs

rdImportantMeasurestakeninGSTinthe43 CouncilMeetingforfacilitationreliefto

taxpayers

1AnnualReturnrelatedmeasures

middot Amendment in section 35 and 44 of CGST Act 2017 has been made through Finance Act 2021 to provide for self-

certiication of reconciliation statement in FORM GSTR-9C instead of previous requirement of certiication of

such statement by a Chartered Accountant Cost Accountant The said amendment would be notiiedwith

effectfrom01082021

middot This amendment will be applicable for the Annual return for the FY2020-21

middot The formatof GSTR-9 and GSTR-9C forms for FY 2020-21 would be same as for FY 2019-20 except for some

minimal changes to give effect to the said amendment

middot Requirement of furnishing annual return in FORMGSTR-99A for FY 2020-21 has been continued to be

optional for the taxpayers with annual turnover uptoRs2crores

middot Requirement of furnishing reconciliation statement in FORMGSTR-9Cfor FY 2020-21 will also continue to be

waived for the taxpayers with annual turnover uptoRs5crores

2AmnestySchemetoproviderelieftotaxpayersregardinglatefeeforpendingreturns

middot To provide relief to the taxpayers especially smaller taxpayers from high amount of late fee on pending returns

a latefeeamnestyscheme has been brought out in respect of pending returns in FORMGSTR-3B for the tax

periods from July2017toApril2021

middot Latefeehasbeenreduced waived conditionally in respect of such pending returns in FORMGSTR3B for the

tax periods from July2017toApril2021as under -

a Late fee capped to a maximum of Rs500-(Rs 250- each for CGST amp SGST) per return for taxpayers who did

nothaveanytaxliabilityfor the said tax periods

b Late fee capped to a maximum of Rs1000-(Rs 500- each for CGST amp SGST) per return for other taxpayers

c The reduced rate of late fee would be conditional and apply only if GSTR-3B returns for these tax periods are

furnished during the period between01062021to31082021

ARTICLE



CS Praveen Agarwal ACS

praveenagarwal303gmailcom

Goods andServices Tax

ARTICLE


3Rationalizationoflatefeeimposedundersection47oftheCGSTAct

Late fee structure under section 47 has been rationalized for prospective tax periods to give relief to smaller taxpayers

from burden of higher late fee by linking the maximum late fee with tax liability turnover of the taxpayer

middot The late fee for delay in furnishing of FORMGSTR-3BandFORMGSTR1 has been capped as below for tax

periods June 2021 QE June 2021 onward

middot Fortaxpayershavingniltaxliability in GSTR-3B or nil outward supplies in GSTR-1 the late fee has been

capped at Rs500perreturn

middot Forothertaxpayers

a) For taxpayers having Annual Aggregate Turnover (AATO) in preceding year upto Rs 15 crore late fee has

been capped to a maximum of Rs2000perreturn

b) For taxpayers having AATO in preceding year between Rs 15 crore to Rs 5 crore late fee has been capped to a

maximum of Rs5000perretrun

c) For taxpayers having AATO in preceding year above Rs 5 crores late fee has been capped to a maximum of Rs

10000perreturn

middot The late fee for delay in furnishing of FORM GSTR-4 by composition taxpayers has been capped to Rs 500 per

return if tax liability is nil in the return and Rs 2000 per return for others from FY 2021-22 onward

middot Late fee payable for delayed furnishing of FORM GSTR-7 has been reduced to Rs50- per day and has been

capped to a maximum of Rs 2000- per return for returns from the month of June 2021 onward

4Retrospectiveamendmentofsection50toprovideinterestpaymentonnetcashbasis

middot Section 112 of the Finance Act 2021 relating to retrospective amendment in section 50 of the CGST Act has been

brought into force from 01062021

middot Accordingly retrospective amendmenthas been made in Section 50of CGST Act 2017 with effect from

01072017 to provide for payment of interest on the delayed payment of tax on netcashbasis

middot This will facilitate the taxpayers and help in removing ambiguity and disputes regarding payment of interest on

gross tax basis or net cash basis

5COVIDReliefMeasuresinGSTth st st

Government has issued various notiications on 27 April 2021 1 May 2021 and 1 June 2021 providing a number of

relief measures for taxpayers in GST

sect ReductioninrateofinterestConcessional rates of interest in lieu of the normal rate of interest of 18 per

annum for delayed tax payments have been provided for the months of March April and May 2021

sect Waiverof late fee Late fee waived for speciied number of days in respect of returns in FORMGSTR-3B

furnished beyond the due date for tax periods March April and May 2021 due in the April May and June 2021

respectively

sect ExtensionofduedateofilingGSTR-1IFFGSTR-4andITC-04

sect Due date of iling FORMGSTR-1 and IFF for the month of April 2021 and May 2021 has been extended by 15

days

sect Due date of iling FORMGSTR-4 for FY 2020-21 has been extended from 30th April 2021 to 31st July 2021

sect Due date of furnishing FORMITC-04 for Jan-March 2021 quarter has been extended from 25th April 2021 to

30th June 2021

ARTICLE


sect Extensioninstatutorytimelimitsundersection168AoftheCGSTAct Time limit for completion of various

actions by any authority or by any person under the GST Act which falls during the period from 15th April 2021 to

th th29 June 2021 has been extended upto 30 June 2021 subject to some exceptions as speciied in the notiication

sect Otherrelaxations

bull RelaxationinaailmentofITC Rule 36(4) ie 105 cap on availment of ITC in FORMGSTR-3B to be applicable

on cumulativebasisfor period AprilMayandJune2021to be applied in the return for tax period June 2021

Otherwise rule 36(4) is applicable for each tax period

bull The iling of GSTR-3B and GSTR-1IFF by companiesusing electronic veriication code (EVC) instead of Digital

Signature Certiicate (DSC) has been enabled for the period from the 27042021to31082021

6Refundrelatedmeasures

bullFacilityforwithdrawaloftherefundclaims

bull A new form RFD-01W has been provided for iling application of withdrawal of a refund claim by

amendment in Rule 90 of CGST Rules

bull It will help the taxpayers who have iled the refund application by mistake or for wrong period or have

made any mistake omission in the refund claim to withdraw the refund application rather than to ile

appeal once the refund claim is rejected

bullExclusionoftimetakenforissuanceofdeiciencymemoforcalculatinglimitationperiodforilingafresh

refundapplicationafterremovingdeiciencies

bull Rule 90 of CGST Rules amended to exclude the time taken by tax oficer in issuing deiciency memo in

FORM RFD-03 for purpose of calculating time for iling fresh refund claim after removal of deiciencies

bull This will help taxpayers in iling such fresh refund claims after removing deiciencies without getting

time barred due to time taken for issuance of deiciencies by the tax oficers

7RelaxationsinprovisionsofblockingofE-waybills

bull Rule 138E of CGST Rules 2017 amended to provide for restriction on generation of e-way bill only in respect of

outwardmovementof goods of a registered person who has defaulted in furnishing returns for 2 months or 2

consecutive tax periods

bull Prior to this amendment the supplier was not able to generate e-way bill for supply of goods to the defaulting

recipient though there may not have been any default on the part of the supplier himself

bull Withthisamendmentissuanceofe-waybillbythecompliantsupplierwillnotbeblockedin respect of

supply made to recipient including a recipient who has defaulted in furnishing two consecutive returns This

wouldensurethatbusinessofcompliantsuppliersarenotadverselyaffected

ARTICLE


8FacilitiesonPortalforeasingtheprocessofilingofreturns

bull Auto-draftedstaticinputtaxcreditstatementinFORMGSTR-2B

bull This facility has been made available on the portal for monthly tax payers since August 2020

bull This facilitates the taxpayers in determining and self-assessing their available input tax credit and thus

substantially reducing time taken to ile their returns

bull Auto-populationofGSTR-3Breturn

bull GSTR-3B returns are being auto-populated since December 2020 for monthly return ilers from the

details given by the taxpayers in their FORM GSTR-1 and from the details given by their suppliers in their

FORM GSTR-1

bull An editing facility is also provided to the taxpayers enabling them to make the corrections

amendments in the auto-populated return if required

bull ThesefacilitieshasnowbeenmadeavailablefortaxpayersunderQRMPschemealso

9MeasuresrelatedtoE-Invoicing

bull E-invoicing facility has been introduced for B2B supplies wef 01102020 for the taxpayers having annual

aggregate turnover of Rs 500 crores or more in any of the preceding inancial years

bull The threshold limit for generating e-invoice has been brought down to Rs 100 crores wef 01012021 and to Rs

50 crores wef 01042021

bull FORM GSTR-1 of the taxpayer is being auto-populated on the portal from e-invoice data Besides Part-A of e-way

bill is also auto-populated from the e-invoice data This helps in reducing time and cost for iling of GSTR-01 and

for generation of e-way bills

Introduction

As the world has become a global village and technology is playing the role of disrupter the corporates governments

and regulators constantly need to embrace changes thrown by these disruptions to ensure that aspirations of all

stakeholders are realized for growth and sustenance

It is an undisputed fact that pace of technology is very fast and one technological development annexes another one or

overshadows the same in certain cases But disruptions take place certainly and these disruptions bring their own sets

of opportunities and challenges

Emergingtechlandscapes

The recent buzzwords of technology are Machine Learning (ML) Artiicial Intelligence (AI) Internet of the Things (IoT)

and Automation They lessen human intervention enhance transparency and provide data analytics of highest accuracy

and eficiency for fostering eficient decisions making The regulatory domain does not remain untouched from these

technological revolutions Several compliance processes have become automat able audit activities are becoming more

technology oriented data extraction is on real-time basis and high-quality information is available for overall good

Impactoftechnologyoncompliance

So for the profession of company secretaryship the important point is ldquowhat is impact of technologyrdquo on compliance

domain Paradigm shifts are evolving as the transformations take place Areas such as automation of board processes

audits trails process and operational eficiency quality and economy have newer dimensions due to reshape of

technology At the same time new opportunities and challenges are emerging Let us examine them briely

Opportunities

Compliance and tech learning Traditional modes of compliances are undergoing drastic changes and new tools and

apps are playing havoc It is required that a Company Secretary whether in practice or employment should be tech-savvy

though being tech-savvy does not mean to become technology expert Generic knowledge and usage of applications and

functions will sufice and there is no need to acquire hardcore programming and development knowledge

Basic understanding and usage of technological aspects involved in compliance work will help company secretaries

validate compliance tasks with reinforced transparency and eficiency Technology helps in tracking the trails be they

compliance trail audit trail or any other important business function

ARTICLE


Technology inCompliance

The Game ChangerCS Ajay Kumar Sharma ACS

csajaysharmayahoocom


More importantly Governments are becoming very strict about trails and they are instructing technology solution

providers to architect systems in such a way so that complete track of transactions right from its origination till its

relection in ultimate system including all edits is possible

An understanding of compatibility between business requirements and technology solutions will open plethora of

opportunities for Company Secretaries

The bar is already rising From computer literacy it is now tech literacy The ICSI has a major role to play for this initiative

taking into consideration requirements and growth of all stakeholders

Challenges

Prevention of frauds Though technology is providing sophisticated business solutions cases of frauds with the

involvement of technology are on the rise As the impact of transactions may be over several geographies there may be

penalties and prosecutions from multiple regulators Section 447 of the Companies Act 2013 is extremely tough on

corporate frauds Deeper penetration of technology in business systems along with tough regulatory requirements

makes it imperative on the part of compliance oficers to take extra precautions International compliances such

Sarbanes Oxley Act 2002 put additional responsibilities for US companies working across several jurisdictions

The irst mantra of compliance eficiency is Evaluate document and do it right irst time

Conclusion

To sum up technology being the game changer this is going to be the era of ldquolearn unlearn and re-learnrdquo to cope with

technological disruption Exposure to different facets of compliance in technological environment will result in positive

enrichment of all stakeholders Let global society be the biggest winner

ARTICLE


JourneyofGSTinIndia

We can say that introduction of GST is a roller coaster ride The GST journey began in the year 2000 when a committee

was set up to draft law The PM Atal Bihari Vajpayee formed an Empowered Committee (EC) to create a structure for GST

based on their experience in designing State VAT

In 2004 A task force concludes GST must be implemented to improve current tax structure

In 2006 Finance Minister proposes GST introduction from April 1 2010 In 2007 CST phased out and rates reduced

from 4 to 3

In 2008 The inance minister conirmed that considerable progress was being made in the preparation of the roadmap

for GST The targeted timeline for the implementation was conirmed to be 1 April 2010 EC inalises dual GST structure

to have separate levy legislation

In 2010 Project to computerise commercial taxes launched but following this the implementation of GST was pushed

by one year

In 2011 Govt put forth the Constitution Amendment Bill for the introduction of GST

In 2012 The Standing Committee starts discussion over the bill but the opposition party raise concern over the clause

279B that offers additional powers to the Centre over the GST dispute authority

In 2013 Standing Committee tables its reports on GST The panel approves the regulation with few amendments to the

provisions for the tax structure and the mechanism of resolution

In 2014 The inance minister Arun Jaitley submits the Constitution (122nd Amendment) Bill 2014 in the parliament

In 2015 The GST Bill passed in Lok Sabha but not in Rajya Sabha

In 2016 The Finance Ministry published the draft model law to public for their opinions and views Also amended

Model GST law passed in Rajya Sabha also

In 2017 Four Supplementary Bills passed in Lok Sabha and approved in Parliament and by President

1 Central CST Bill

2 Integrated GST Bill

3 Union Territory GST Bill

4 GST (Compensation to States) Bill

GST Council inalizes the GST Rates and GST Rules and inally GST law came into force from 1 July 2017

ARTICLE


GST - One Countryone market one tax


CS Meenakshi ACS

agarwalmeenakshi75gmailcom

IntroductionofGST

GST (Goods and Services Tax) is a destination based tax on consumption of goods and services It is a destination based

Tax and proposed to be levied at all stages right from manufacture up to inal consumption with credit of taxes ie ITC

(Input Tax Credit) paid at previous stages available as setoff GST has a dual aspect with the Centre and States

simultaneously levying on a common tax base

There are three main components of GST which are

1 CGST (Central GST) Taxes collected under CGST will constitute the revenues of the Central Government

2 SGST (State GST) A collection of SGST is the revenue of the State Government

3 IGST (Integrated GST) Revenue collected under IGST is divided between Central and State Government as per the

rates speciied by the Government IGST is charged on transfer of goods and services from one state to another Import of

goods and services are also covered under IGST

Image showing subsumed of various Central and State Taxes into GST

ARTICLE


Beneits of GST Registration in Business

One of the most important beneit of the move is the mitigation of double taxation or the elimination of the cascading

effect of taxation

1MitigatingCascadingeffectofTax By subsuming most of the Central and State taxes into a single tax and

by allowing a set-off of prior-stage taxes for the transactions across the entire value chain it would mitigate

the ill effects of cascading improve competitiveness and improve liquidity of the businesses

ARTICLE


2TechnologydrivenTax GST is largely technology driven It will reduce the human interface to a great extent and this

would lead to speedy decisions

3 FindBuoyancy inGovernmentRevenue GST is expected to bring buoyancy to the Government Revenue by

widening the tax base and improving the taxpayer compliance The reform is also expected to improve the countrys

ranking so far as the Ease of Doing Business Index is concerned It is also estimated to enhance GDP growth by 15 to

2

4LesserCompliancesandeasytofollow It simpliied the Indirect tax regime After introduction of GST all tax payer

services such as registrations returns payments etc would be available to the taxpayers onlinewhich would make

compliance easy and transparent

5UniformityofTaxRatesandTaxationprocess all tax payer services such as registrations returns payments etc

would be available to the taxpayers online which would make compliance easy and transparent

6HigherrevenuegenerationThe possibility of tax evasion is minimised completely with GST coming into action

Also GST is expected to decrease the cost of collection of tax revenues of the Governmentand will therefore lead to

Higher revenue eficiency

GSTRegistration

Under GST regime Businesses whose turnover exceeds the threshold limit (Table given below) require to register

under GST It becomes mandatory for some businesses to register mandatorily as heavy penalties will attract if business

is carry on without GST registration

GSTRegThresholdLimit

th On 10 January 2019 In 32 GST Council Meeting changes in limits of GST registration was proposed which was further

approved by CBIC and new threshold limit of GST Registration come into existence which helps to ease compliance

under GST An option was provided to States to opt for the new limits or continue the earlier ones Here is the table

showing earlier threshold limits new limits and the effective date of applicability-


Earlier limits- For Goods amp Services

Exceeding Rs 20 Lakh Yes ndash For Normal Category States Up to March 31 2019

Exceeding Rs 10 Lakh Yes ndash For Special Category States Up to March 31 2019

New Limits- For Goods

Exceeding Rs 40 Lakh Yes ndash For Normal Category States From April 1 2019

Exceeding Rs 20 Lakh Yes ndash For Special Category States From April 1 2019

New Limits- For providing Services ndash No Change- same as earlier

ARTICLE


PersonsliableforGSTRegistration

ChecklistofdocumentsrequiredforGSTregistration

1 PAN of the applicant

2 Copy of Aadhaar card

3 Proof of business registration or incorporation certiicate

4 Identity of address proof of promotersdirectors with photographs

5 Bank account statement cancelled cheque showing name address and a few transactions

6 Digital Signature of authorised signatory

7 Authorisation letter or Board resolution for authorised signatory

ARTICLE


GSTRegistrationAadhaarVeriication

Notiication issued by CBIC (Central Board of Indirect Tax and Customs) on March 23 2020 for GST Aadhaar

authentication from April 1 2020 For ease of doing business GST registration with Aadhaar veriication required by

thnew taxpayers ndash GST Council approved in its 39 meeting All Indian citizens can take this facility except tax deductors

retrieval services and tax collectors Govt dept PSUs Local authority and statutory authority also excluded from

Aadhaar authentication Due to pandemic physical veriication is risky So its easy to get online GST Aadhaar

veriication

ProcessofGSTregistrationAadhaarveriication

Applicant need to submit Aadhaar number along with application for registration under GST and then e -verify the same

on GST Portal using authentication link which is sent to Mobile Number and E-mail ID linked to Aadhaar Enter the OTP

sent on mobile number and email id and get e- validated

In conclusion GST has been a revolutionary tax system for India Most noteworthy many experts hail it as one of the

biggest tax reforms GST certainly is beneicial for the entire population of India

ARTICLE



CS Dhiraj Kheriwal ACS

dhirajkheriwal5gmailcom

Indias Economy -Challenges

after Covid-19

COVID-19 pandemic is a signiicant shock to economies all around the world Even the major economies like the USA

have been badly mauled with unemployment rising and a cut in economic growth The Pandemic has caused a shock for

the Indian economy as well Consumption manufacturing exports capital lows the legs on which the Indian economy

had been growing have all been impacted adversely

India came out of lockdown about 2 months back with restrictions still in many parts of the country There is no magic

quick ix or shortcut to stimulate and restart demand in an economy which is the most important key to economic

revival next to vaccine becoming available This will take time patience and continuous effort Amidst this uncertainty

what will be key to revival is how people come out of their homes how people restart their lives how will it impact

demand organically and availability of capital when businesses are ready to kick start production to service demand

Potentialgrowthhasslowed-

Indias potential growth may have slowed down by over one percentage point due to the longer-than-expected

disruption caused by COVID-19 and a modest policy response so far UBS Securities said in a report

ldquoWe estimate Indias potential growth to have slowed to 6 (from 71 YoY estimated in 2017) due to longer-than-

expected disruption caused by the pandemic balance-sheet concerns faced by economic agents (especially the inancial

sector and households)rdquo ldquoThis implies dificult economic challenges for many years to comerdquo

ARTICLE


It said the biggest challenge before India would be its ability to create ample employment opportunities for the rising

working-age population

ldquoWe believe India needs to grow by at least 8 YoY annually just to absorb incremental labour force with a focus on

mobilisation of resources towards manufacturing and exportsrdquo

Climatechange-

Climate change threatens Indias attempts to improve its citizens standard of living More than 600 million Indians face

a cute water shortages Bangalore and New Delhi are two of the 21 cities that could deplete their groundwater in 2020 In

July 2019 the city of Chennai ran out of groundwater Over 200000 people die from contaminated water By 2030 40

of the population will have no access to drinking water

Most of Indias rainwater falls during the four-month monsoon season It isnt captured eficiently Climate change will

increase looding from these monsoons

IncreaseinEmployment

ARTICLE


The depth of the slowdown in the current inancial year means that a rebound is inevitable but unemployment could

hamper the recovery process The issue of migrant workers will have an impact on the economic growth and availability

of quality workers in the post-COVID-19 world will be a challenge

India should be wary of the challenges in smooth recovery in labour markets While GDP in India was growing

employment remained stagnant and if this trend continues its another problem Without a boost in employment

households incomes will be under strain consumer sentiments will be low and the economic recovery will be sluggish

Predominanceofagriculture-

Less developed countries live mainly upon agriculture and extractive industries like mining isheries and forests

Predominance of agriculture is explained from the viewpoint of sectoral composition of national income and

occupational pattern

In India in 1950- 51 more than 55 pc of our GDP came from the agricultural sector or the so- called primary sector In

2007-08 however the contribution of this sector toward GDP came down to194 pc

Theightwillbeaboutincreasingeconomicactivity-

With the lockdown the economic activity came to a grinding halt in India from the end of March Domestic consumption

almost wiped out Pay cuts and layoffs combined with fear of spread led to lack of shopping and completely eroded

demand

While the non-discretionary spending on groceries and other essential items remained largely unscathed during the

lockdown the revival in consumption will be driven by discretionary as well as non-discretionary spending Despite the

Indian governments decision to remove most the demand scenario is expected to remain weak for most of the current

inancial year But it could make a comeback next year

And as the uncertainty surrounding income and jobs reduces economists believe that some people will be able to raise

their discretionary spending on non-essential goods during festive season and thereafter lowing into 2021

ARTICLE



CS Abhishek Goyal FCS

abhishekcsajmergmailcom

TREATMENT OF GST ONRESTAURANT BUSINESS

Implications of GST on restaurant business makes an interesting study and is important from the point of view of GST

consulting and practicing service to be rendered by practicing Company Secretaries as GST provides a promising

practicing and consulting platform for Company Secretaries

Let us now discuss these implications in the form of questions and answers which would enable the reader to get an easy

understanding of the provisions of GST in this regard

Q1 Please explain place of supply provisions in case of restaurant business and its importance for such business

Ans As per sub section (4) of Section 12 of the IGST Act place of supply in case of restaurant business is determined on

performance basis In other words place of supply (POS) in case of restaurant service is considered on performance

basis Accordingly POS in case of restaurants shall be the place where such service was actually performed which is

usually the place where such restaurant is situated

POS is important for both goods and services as the taxable event in GST is supply of goods and services

Q2 Whether restaurant owners can avail composition scheme under GST

Ans Yes composition scheme is open to restaurant business owners

Q3 What is the effective rate of GST on restaurant business under composition scheme

Ans It is 5 subject to maximum turnover of Rs 15 crores

Q4 We are running a food joint located in a standalone building with takeaway as well as sitting facilities to our

customers We are registered under GST normal scheme Can we take beneit of ITC on purchases made by us in relation

to our outward services

Ans A restaurant or a food joint or an eatery located in a standalone building ie not being located inside any hotel inn

guest house or club is not eligible for availing ITC even if purchases made by it were in the course of and in furtherance of

its business Such restaurants shall charge GST 5 on their services without ITC

Q5 We are running a standalone restaurant We have purchased an oven and a chimney for the purpose of our

restaurant Can we avail ITC on it

Ans As already stated in answer to question no 3 no ITC is available to a standalone restaurant even if goods or services

are availed in the course of or in furtherance of business

Q6 Would your answer be different if we are located in a hotel

Ans If a restaurant is located inside a hotel inn guest house lodge or a club where room rent per day exceeds Rs 7500-

the restaurant can avail ITC however GST rate in that case will be 18 In other words such a restaurant will have to

charge GST at 18 which in the case mentioned in reply to question no 1 is 5

ARTICLE


Q7 Is there any difference in GST rate for AC and Non AC restaurants

Ans The different GST rates prescribed for AC and non AC restaurants have been done away with All restaurants

whether AC or non AC are subject to GST rate of 5 without ITC or 18 with ITC depending upon whether restaurant is

located in a standalone building or inside an hotel inn guest house club etc where room rent per day is above Rs 7500-

Q8 We are engaged in outdoor catering services what are the GST implications for us

Ans For outdoor catering services as of now the GST rate is 18 with ITC

Q9 A restaurant is located inside a three star hotel with room rent of more than Rs 7500- per day The restaurant is also

offering some sweets which may be ordered as a takeawayparcel or may be consumed on a table in the restaurant itself

What are the GST implications on both situations

Ans Sweets attract 5 GST so take away from the counter will attract 5 GST only Whereas if sweets are consumed on a

table in the restaurant itself then it will attract GST at 18 since restaurant is located inside a hotel with room tariff of Rs

7500- and above

Q10 We are a moving restaurant and are providing over the counter take away and parcel services to our customers

What is the GST rate to be charged

Ans In this case GST to be charged is 5 without ITC

Q11 We are running a school We have an in house canteen for the beneit of our staff and students What are the GST

implications on us in the two situations

(i) if we supply food and beverages to our staff and students ourselves

(ii) if we engaged a contractor for running the canteen and to provide food and beverages to our staff and students

Ans In the situation (i) GST is exempt

In situation (ii) GST to be charged is 5 In this case the contractor is liable to charge GST at 5

ARTICLE

ICSI-NIRC Newsletter I July 782021


CS Shubham Budhiraja ACS

shubhambudhiraja02gmailcom

PROVISIONAL ATTACHMENTUNDER GST amp DOCTRINE OF

PROPORTIONALITYThe GST Fraud case initiated against GM Power-tech for issuances of fake invoices to various companies including MS

Radha Krishnan (Appellant) The joint commissioner thereafter in exercise of its delegate powers issued Notice under

Section 83 for provisional attachment of bank account of appellant which was challenged by appellant before HC in Writ

petition which was dismissed due to availability of alternative remedy in GST Act The Supreme Court held that exercise

of power by Joint Commissioner under Section 83 provisional attachment was in violation to provisions of law and

against principles of Order 38 Rule 5 and without application of mind and thus Writ was maintainable Hence HC

committed error in law in refusing the Writ

(i) Whetherwritpetitionmaintainableagainstorderofprovisionalattachmentundergstact

yesiforderiswithoutapplicationofmindoragainstprincipleofnaturaljusticeorwithoutjurisdiction

(ii)Whetherorderofprovisionalattachmentcanbeusedtogetspeedyrecoveryofstaterevenueundergst

act

Noprovisionalattachmentisbasedonproportionalitydoctrine

WritPetitionunderArticle226ampExceptionToRuleOfAlternateRemedy

(I) AssistantCommissioner (CT)LTUKakinadaandothersvGlaxoSmithKlineConsumerHealthCare

LimitedAIR2020SC2819 There are certain exceptions to the ldquorule of alternate remedyrdquo include where

- The statutory authority has not acted in accordance with the provisions of the law or

- acted in deiance of the fundamental principles of judicial procedure or

- has resorted to invoke provisions which are repealed or

- Where an order has been passed in violation of the principles of natural justice

(II)WhirlpoolCorporationvRegistrarofTrademarksMumbai(1998)8SCC1 R u l e o f a l t e r n a t i v e

remedy not to operate as a bar in at least three contingencies namely where the writ petition has been iled for

the

- Enforcement of any of the Fundamental Rights or

- There has been a violation of the principle of natural justice or

- Order or proceedings are wholly without jurisdiction or

- The vires of an Act is challenged

Analysis

(I) The power under Article 226 of the Constitution to issue writs can be exercised not only for the enforcement of

fundamental rights but for any other purpose as well

(II) The High Court has the discretion not to entertain a writ petition One of the restrictions placed on the power of

the High Court is where an effective alternate remedy is available to the aggrieved person

(III) Exceptions to the rule of alternate remedy arise where

ARTICLE


(a) the writ petition has been iled for the enforcement of a fundamental right protected by Part III of the

Constitution

(b) there has been a violation of the principles of natural justice

(c) order or proceedings are wholly without jurisdiction

(d) the vires of a legislation is challenged

(IV) An alternate remedy by itself does not divest the High Court of its powers under Article 226 of the

Constitution in an appropriate case though ordinarily a writ petition should not be entertained when an

eficacious alternate remedy is provided by law

(V) When a right is created by a statute which itself prescribes the remedy or procedure for enforcing the right

or liability resort must be had to that particular statutory remedy before invoking the discretionary remedy

under Article 226 of the Constitution This rule of exhaustion of statutory remedies is a rule of policy

convenience and discretion and

(VI) In cases where there are disputed questions of fact the High Court may decide to decline jurisdiction in a

writ petition However if the High Court is objectively of the view that the nature of the controversy requires

the exercise of its writ jurisdiction such a view would not readily be interfered with

AttachmentbeforeJudgmentampProvisionalAttachment

(I) RamanTechProcessEnggCoandAnrvSolankiTraders2008(1)RCR(Civil)195

(A) The power under Order 38 Rule 5 Civil Procedure Code is a drastic and extraordinary power Such

power should not be exercised mechanically or merely for the asking It should be used sparingly and

strictly in accordance with the Rule The purpose of Order 38 Rule 5 not to convert an unsecured debt

into a secured debt Any attempt by a plaintiff to utilize the provisions of Order 38 Rule 5 as a leverage for

coercing the defendant to settle the suit claim should be discouraged

(II)ValeriusIndustriesvUnionofIndia2019(30)GSTL15(Gujarat)

(A) The power under Section 83 of the Act for provisional attachment should be exercised only if there is

suficient material on record to justify the satisfaction that the assessee is about to dispose of wholly or

any part of hisher property with a view to thwarting the ultimate collection of demand and in order to

achieve the said objective the attachment should be of the properties and to that extent it is required to

achieve this objective

(B) The power under Section 83 of the Act should neither be used as a tool to harass the assessee nor should

it be used in a manner which may have an irreversible detrimental effect on the business of the assessee

(C) The attachment of bank account and trading assets should be resorted to only as a last resort or measure

The provisional attachment under Section 83 of the Act should not be equated with the attachment in

the course of the recovery proceedings

(III)JaiAmbeyFilamentPvtLtdvUnionofIndia2021(44)GSTL41(Gujarat)

(A) Subjective satisfaction as to the need for provisional attachment must be based on credible information

that the attachment is necessary

(B) The opinion cannot be formed based on ldquoimaginary grounds wishful thinking howsoever laudable that

may berdquo

ARTICLE


(IV)PatranSteelRollingMillvAssistantCommissionerofStateTaxUnit22019(20)GSTL732(Gujarat)

(A) Two instances in which provisional attachment would be apposite these being where the

- assessee is a ly by night operator and

- If the assessee will not be able to pay its dues after assessment

(V) ProexFashionPrivateLimitedvGovernmentofIndiaWP(C)11245of2020dated6January2021

Conditions for the invocation of Section 83 of the SGST Act

I Order should be passed by Commissioner

II Proceeding under Section 62 or 63 or 64 or 67 or 73 or 74 should be pending

III Commissioner must form an opinion

IV Order should be passed to protect interest of revenue

V It must be necessary to attach property

(VI)UFVIndiaGlobalEducationvUnionofIndia2020(43)GSTL472

Pendency of proceedings under the sections mentioned in Section 83 viz Sections 62 or 63 or 64 or 67 or 73

or 74 is the sine qua non for an order of provisional attachment to be issued under Section 83

(VII)KaishImpexPrivateLimitedvUnionofIndia(2020)6AIRBomR122

(A) Taxable account of the taxable person can be attached against whom the proceedings under the sections

are initiated Section 83 does not provide for an automatic extension to any other taxable person from an

inquiry speciically launched against a taxable person under these provisions

(B) The format of the order ie the form GST DRC-22 also speciies the particulars of a registered taxable

person and which proceedings have been launched against the aforesaid taxable person indicating a nexus

between the proceedings to be initiated against a taxable person and provisional attachment of bank

account of such taxable person

(V)VishwanathRealtorvStateofGujaratSpecialCivilNo7210of2015decidedon29April2015

(A) Satisfaction must be on some tangible material on objective facts with the Commissioner In a given case on

the basis of the past conduct of the dealer and on the basis of some reliable information that the dealer is

likely to defeat the claim of the Revenue in case any order is passed against the dealer under the VAT Act

andor the dealer is likely to sale his properties andor sale andor dispose of the properties and in case

after the conclusion of the assessmentreassessment proceedings if there is any tax liability the Revenue

may not be in a position to recover the amount thereafter in such a case only however on formation of

subjective satisfactionopinion the Commissioner may exercise the powers under Section 45 of the VAT

Act

ARTICLE


SECTION83ampITSCONDITIONS

(i) The power to order a provisional attachment is entrusted during the pendency of proceedings under any one of

six speciied provisions Sections 62 63 64 67 73 or 74 In other words it is when a proceeding under any of

these provisions is pending that a provisional attachment can be ordered

(ii) The power to order a provisional attachment has been vested by the legislature in the Commissioner

(iii) Before exercising the power the Commissioner must be ldquoof the opinion that forthepurpose of protecting the

interest of the government revenue it is necessarysotodordquo

(iv) The order for attachment must be in writing

(v) The provisional attachment which is contemplated is of any property including a bank account belonging to the

taxable person and

A provisional attachment under Section 83 is contemplated during the pendency of certain proceedings meaning

thereby that a inal demand or liability is yet to be crystallized An anticipatory attachment of this nature must

strictly conform to the requirements both substantive and procedural embodied in the statute and the rules The

exercise of unguided discretion cannot be permissible because it will leave citizens and their legitimate business

activities to the peril of arbitrary power Each of these ingredients must be strictly applied before a provisional

attachment on the property of an assesses can be levied The Commissioner must be alive to the fact that such

provisions are not intended to authorize Commissioners to make preemptive strikes on the property of the assessee

merely because property is available for being attached There must be a valid formation of the opinion that a

provisional attachment is necessary for the purpose of protecting the interest of the government revenue

PROPORTIONALITYampSECTION83

The expressions in Section 83 give regard to both the purpose and necessity of provisional attachment implicate the

doctrine of proportionality Proportionality mandates the existence of a proximate or live link between the need for the

attachment and the purpose which it is intended to secure It also postulates the maintenance of a proportion between

the nature and extent of the attachment and the purpose which is sought to be served by ordering it

Moreover the words embodied in Section 83(1) would leave no manner of doubt that while ordering a provisional

attachment the Commissioner must in the formation of the opinion act on the basis of tangible material on the basis of

which the formation of opinion is based in regard to the existence of the statutory requirement

CONCLUSION

(I) Order 38 Rule 5 CPC provides for provision of Attachment before Judgment

(II) Section 83 of CGST Act 2017 are on same principle provides for Provisional attachment of any property of

assesse by commissioner for protecting interest of Govt Revenue

(III) Section 83 is based on Proportionality doctrine ndash ldquo for the purpose of necessity to do sordquo

(IV) Provisional attachment is based on test of Tangible Material

(V) Under the provisions of Rule 159(5) the person whose property is attached is entitled to dual procedural

safeguards

ARTICLE


(a) An entitlement to submit objections on the ground that the property was or is not liable to attachment

and

(b) An opportunity of being heard

(VI) The Opinion to passes order for Provisional attachment has to be on basis of material on record and based

on proportionality doctrine

(VII) Mere for expediency in revenue recover is not a ground for which provisional attachment to be passed

(VIII) Provisional attachment is draconian in nature

(IX) Section 83 does not provide for an automatic extension to any other taxable person from an inquiry

speciically launched against a taxable person under these provisions

(X) Since power to provisional attachment is delegated to Joint commissioner under Section 5(3) hence there is

no appeal available to Appellate authority under Section 107(1) because joint commissioner is not

performing functions of commissioner but of delegate Hence Writ petition was maintainable

(XI) Even where alternative remedy is available writ can be maintainable where

(a) Matter involved is of Fundamental rights

(b) Matter involved is of Natural Justice non-application of mind

(c) Matter involved absence of jurisdiction excess of jurisdiction

chapters of nirc of icsibull Agra

bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE



CS Shikha Saxena ACS

shikhasaxena214gmailcom

Goods andService Tax

Introduction GST was introduced to replace multiple indirect taxes levied by State and Central Government GST is

Single domestic indirect tax law for the entire country So it is an indirect tax which replaced many indirect taxes in India

such as excise duty VAT Service tax etc

Features

1 Destination Based Tax

2 Multi stage

DestinationBasedTax

It means tax will be levied at the place where goods and services are consumed not at the origin So the state which

consume the goods and services will have right to collect GST

Example A good is manufactured in Rajasthan and sold in Gujrat then the Rajasthan Government will receive revenue

from taxing manufacturing and warehousing whereas Gujrat Government will receive the revenue of the inal sale

MultiStage

GST is levied on on value addition done on every stage

Example Once raw material has been bought value is added by manufacturer by means of making the raw material into

a product The warehousing is the next step where value is added which is then sold to retailers where the inal addition

of value is done At each step GST will be levied

DifferenceBetweenGSTandearlierTaxSystem

EarlierTaxSystem GST

Goods

Manufacture Sale Excise Duty VatSales Tax

In case of Service Service Tax levied

GoodsServices

Supply

GST

Central GST Integrated GST State GST

ARTICLE


HowGSTisBeneicialascomparetoearliertaxstructure

1 Removing the cascading effect of Tax

2 Higher threshold for GST Registration

3 Composition Scheme for small business

4 Simpler online facilities for GST Compliance

5 Deined treatment for e-commerce activities

6 Regulating the unorganized sector

In simple terms it can be explained through example

EarlierSystem GSTSystem

Product sale from Rajasthan to Gujrat Price Rs 1000 Price Rs 1000

VAT 10 Rs 100 CGST 5 Rs 50

Total Cost Rs 1100 SGST 5 Rs 50

Total Cost Rs 1100

Product sale from Gujrat to Haryana Cost Price Rs 1100 Cost Price Rs 1100

Proit Rs 1000 Proit Rs 1000

Sell Price = Cost + Proit Sell Price = Cost + Proit

Sell Price Rs 2100 Sell Price Rs 2100

CST 10 Rs 210 IGST 10 Rs 110

Total Price Rs 2310 Total Price Rs 2210



In the end every time an individual is able to claims the input tax credit the sale price is reduced and the cost price for

the buyer is reduced because of lower tax liability The inal value of the product is therefore reduced from Rs2310 to Rs

2210 thus reducing the tax burden on the inal customer

BeforestudyinggointodeeperitisnecessarytounderstandthejourneyofGSTin

IndiaHistoryofGSTinIndia

ARTICLE


ComponentsofGST

CGST Central Goods and Service Tax

They are levied by the central government for intrastate movement of goods and services Intrastate means within one

state CGST revenues go to the central government

SGST State Goods and Services Tax

They are levied by the state government thats state indirect taxes It is the tax collected by the state government on an

intra-state sale

IGST Integrated Goods and Services Tax

It is a tax collected by the Central Government for an inter-state sale

Sale Within the State CGST + SGST Revenue will be shared equally between the centre and the State

Sale to another State IGST There will only be one type of tax (central) in case of inter state sale The centre

will then share the IGST revenue based on the destination of goods

Turnover(ForsaleofGoods)

Registration Effective

Exceeds Rs 20 Lakh Yes- For Normal Category States stEffective from 1 April 2019

Exceeds Rs 20 Lakh Yes- For Special Category States stEffective from 1 April 2019

ForProvidingServices

Persons providing services need to register if their aggregate turnover exceeds Rs 20 Lakh for normal category states

and Rs 10 Lakh for Special category states

Asperthenewamendmentanoptionwasgiventothestatestooptfornewlimitsor

continuetheearlierstatusquo

N o r m a l C a t e g o r y

StateUTforanewlimit

ofRs40Lakh

Kerala Chhattisgarh Jharkhand Delhi Bihar Maharashtra Andhra Pradesh Gujrat

Haryana Goa Punjab Uttar Pradesh Himachal Pradesh Karnataka Madhya Pradesh

Odisha Rajasthan Tamil Nadu West Bengal Lakshadweep Dadra and Nagar Haveli

Daman and Diu Andaman and Nicobar Island and Chandigarh

NormalCategorystatewhochoosestatusquo

Telangana

SpecialcategoryStateswhooptedfornewlimitofRs40Lakh

Jammu and Kashmir and Assam

SpecialCategoryStateswhooptedfornewlimitofRs20Lakh

Puducherry Meghalaya Mizoram Tripura Manipur Sikkim Nagaland Arunachal Pradesh Uttarakhand

ARTICLE


Section 24 of the Central Goods and Service Tax Act 2017 explains the Provisions of compulsory registration

Oslash The person engaged in the inter-state taxable supply of goods or services or both

Oslash A casual taxable person engaged in taxable supply

Oslash Persons liable to pay tax under reverse charge mechanism

Oslash A non-resident taxable person engaged in providing taxable supply

Oslash A person liable to pay tax under section 9 (5) of the Act

Oslash The person liable to deduct tax at source (TDS)

Oslash Input Service Distributor

Oslash E-commerce operator

Oslash Person supplying online information and database access or retrieval services from a place outside India to a

person in India other than a registered taxable person

SlabRates

There are around six slabs of rates as per latest council meeting of GST

Rates Particulars

5 Cream and yogurt paneer cashew nut raisins fruit and nuts and a few others Now for these products

25 goes to the state government and the rest 25 goes to the CGST Many household items are

covered in this section

12 Citrus fruits jams sausages 20l drinking water statues pots and jars geometry box cutlery railway

coaches printer ink wooden toys and more Here for every product 6 goes towards CGST and 6

goes towards SGST This section covers processed food to a great extent

18 Bindis chocolates fountain pens tripods soap toothpaste and industrial intermediate products are

therein this slab Here 9 goes towards SGST and 9 goes towards CGST The central goods and

services tax act 2017 has a full list of items

28 Cigarettes caffeinated beverages pan masala motor cars and motorcycles air conditioners

refrigerators etc Mainly luxury items are covered in this sector In this 14 goes towards SGST and

14 goes towards CGST

3 Coins gold silver platinum imitation jewellery etc are taxed at 3 Here 15 goes towards SGST

and 15 towards CGST

25 Precious stones are taxed at 025 where 0125 goes towards CGST and 0125 goes towards SGST

0 There are also some products that are taxed at 0 basically they are tax free

Mammals live swine live bovine mammals birds insects ish curd lassi buttermilk bananas

apples grapes human hair sanitary napkins among others

ARTICLE


The central GST Act 2017 has a full updated list of all items under all GST tax slabs

NewCompliancesUnderGST

E-WaysBills E-invoicing

M a n u f a c t u r e r s t r a d e r s a n d

transporters can generate e-way bills

for the goods transported from the

place of its origin to its destination on

a common portal with ease

Tax authorities are also beneited as

this system has reduced time at check

-posts and helps reduce tax evasion

It is applicable on whose turnover of more than Rs500 crore in any preceding

inancial years (from 2017-18) Further from 1st January 2021 this system

was extended to those with an annual aggregate turnover of more than Rs100

crore

These businesses must obtain a unique invoice reference number for every

business-to-business invoice by uploading on the GSTNs invoice registration

portal The portal veriies the correctness and genuineness of the invoice

Thereafter it authorises using the digital signature along with a QR code

e-Invoicing allows interoperability of invoices and helps reduce data entry

errors It is designed to pass the invoice information directly from the IRP to

the GST portal and the e-way bill portal It will therefore eliminate the

requirement for manual data entry while iling GSTR-1 and helps in the

generation of e-way bills too

Penalty If a person commits any GST offenseSection 122 to 138 of the GST Act deines Offences and Penalties under

GST

They divide the offences into two categories

A Offences Attracting Fiscal Penalties

B Offences Attracting Prosecution

It is very dificult to wrap up the entire GST Act into one article but here is the brief of GST to understand it better and

work towards it For more details you can Study Central Goods and Services Act 2017 and also contact on the given mail

ID

ARTICLE



CS shashank kothiyal ACS

shashankkothiyal9gmailcom

GST A Boon forIndian Economy

Introduction

Whether it was uniformity of taxation and consequent free interior trade or possession of the jewel in the crown at the

root of prosperity of Britain is debatable nonetheless the words of father of modern economics on the beneits of

uniformity of system of taxation cannot be taken too lightly Before implementation of Goods and Service Tax (GST)

Indian taxation system was a farrago of central state and local area levies By subsuming more than a score of taxes

under GST road to a harmonized system of indirect tax has been paved making India an economic union

Genesis

Several countries have already established the Goods and Services Tax In Australia the system was introduced in 2000

to replace the Federal Wholesale Tax GST was implemented in New Zealand in 1986 A hidden Manufacturers Sales Tax

was replaced by GST in Canada in the year 1991 In Singapore GST was implemented in 1994 GST is a value-added tax in

Malaysia that came into effect in 2015

Introduction

ARTICLE


MonthYear JourneyofGST

2000 In India the idea of adopting GST was irst suggested by the Atal Bihari Vajpayee Government in 2000

The state inance ministers formed an Empowered Committee (EC) to create a structure for GST based

on their experience in designing State VAT Representatives from the Centre and states were requested

to examine various aspects of the GST proposal and create reports on the thresholds exemptions

taxation of inter-state supplies and taxation of services The committee was headed by Asim

Dasgupta the inance minister of West Bengal Dasgupta chaired the committee till 2011

2004 A task force that was headed by Vijay L Kelkar the advisor to the inance ministry indicated that the

existing tax structure had many issues that would be mitigated by the GST system

February2005

The inance minister P Chidambaram said that the medium-to-long term goal of the government was

to implement a uniform GST structure across the country covering the whole production-distribution

chain This was discussed in the budget session for the inancial year 2005-06

February2006

The inance minister set 1 April 2010 as the GST introduction date

November2006

Parthasarthy Shome the advisor to P Chidambaram mentioned that states will have to prepare and

make reforms for the upcoming GST regime

February2007

The 1 April 2010 deadline for GST implementation was retained in the union budget for 2007-08

February2008

At the union budget session for 2008-09 the inance minister conirmed that considerable progress

was being made in the preparation of the roadmap for GST The targeted timeline for the

implementation was conirmed to be 1 April 2010

July2009 Pranab Mukherjee the new inance minister of India announced the basic skeleton of the GST system

The 1 April 2010 deadline was being followed then as well

November2009

The EC that was headed by Asim Dasgupta put forth the First Discussion Paper (FDP) describing the

proposed GST regime The paper was expected to start a debate that would generate further inputs

from stakeholders

February2010

The government introduced the mission-mode project that laid the foundation for GST This project

with a budgetary outlay of Rs 1133 crore computerised commercial taxes in states Following this

the implementation of GST was pushed by one year

March2011 The government led by the Congress party puts forth the Constitution (115th Amendment) Bill for the

introduction of GST Following protest by the opposition party the Bill was sent to a standing

committee for a detailed examination

June2012 The standing committee starts discussion on the Bill Opposition parties raise concerns over the 279B

clause that offers additional powers to the Centre over the GST dispute authority

November2012

P Chidambaram and the inance ministers of states hold meetings and set the deadline for resolution

of issues as 31 December 2012

ARTICLE


February2013

The inance minister during the budget session announces that the government will provide Rs9000

crore as compensation to states He also appeals to the state inance ministers to work in association

with the government for the implementation of the indirect tax reform

August2013 The report created by the standing committee is submitted to the parliament The panel approves the

regulation with few amendments to the provisions for the tax structure and the mechanism of

resolution

October2013

The state of Gujarat opposes the Bill as it would have to bear a loss of Rs 14000 crore per annum

owing to the destination-based taxation rule

May2014 The Constitution Amendment Bill lapses This is the same year that Mr Narendra Modi was voted into

power at the Centre

December2014

Indias new inance minister Arun Jaitley submits the Constitution (122nd Amendment) Bill 2014 in

the parliament The opposition demanded that the Bill be sent for discussion to the standing

committee

February2015

Mr Jaitley in his budget speech indicated that the government is looking to implement the GST system

by 1 April 2016

May2015 The Lok Sabha passes the Constitution Amendment Bill Jaitley also announced that petroleum would

be kept out of the ambit of GST for the time being

August2015 The Bill is not passed in the Rajya Sabha Jaitley mentions that the disruption had no speciic cause

March2016 Mr Jaitley says that he is in agreement with the Congresss demand for the GST rate not to be set above

18 But he is not inclined to ix the rate at 18 In the future if the Government in an unforeseen

emergency is required to raise the tax rate it would have to take the permission of the parliament So a

ixed rate of tax is ruled out

June2016 The Ministry of Finance releases the draft model law on GST to the public expecting suggestions and

views

August2016 The Congress-led opposition inally agrees to the Governments proposal on the four broad

amendments to the Bill The Bill was passed in the Rajya Sabha

September2016

The Honourable President of India gives his consent for the Constitution Amendment Bill to become

an Act

The GST Council also inalised on the GST rates and GST rules The Government declares that the GST Bill will be

applicable from1July2017

ARTICLE


Pre-GSTIndirectTaxStructureinIndia

GSTLawfromaConstitutionalPerspective

A DeinitionofGST

ldquoGoods and services taxrdquo means any tax on supply of goods or services or both except taxes on the supply of the alcoholic

liquor for human consumption As per Article 366(12A)

GoodsandServicesTax(GST) is anindirecttax(orconsumptiontax) used in India on the supply of goods and

services It is a comprehensive multistage destination-based tax comprehensive because it has subsumed almost all

the indirect taxes except a few state taxes Multi-staged as it is the GST is imposed at every step in the production

process but is meant to be refunded to all parties in the various stages of production other than the inal consumer and

as a destination-based tax it is collected from point of consumption and not point of origin like previous taxes

B ConstitutionalAmendment

bull Bill passed by Rajya Sabha on 03082016 amp Lok Sabha on 08082016

bull Notiied as Constitution (101st Amendment ) Act 2016 on 08092016

bull Key Features

uuml Concurrent jurisdiction for levy amp collection of GST by the Centre amp the States ndash Article 246A

uuml Centre to levy amp collect IGST on supplies in the course of inter-State trade or commerce including imports ndash

Article 269A

uuml Compensation for loss of revenue to States for ive years on recommendation of GSTC ndash Clause 19

uuml GST on petroleum crude high speed diesel motor spirit (commonly known as petrol) natural gas amp aviation

turbine fuel to be levied from a later date on recommendations of GSTC

ARTICLE


BeneitsofGST-AdvantageandDisadvantage

Advantages Disadvantage

1 The most important beneit is the removal of cascading

effect ie removal of tax on tax

2 Starting from registration to iling returns and payment

of GST tax its an online procedure

3 Startups wont be running around tax ofices for various

registrations and procedures under excise service tax

and VAT

4 Higher threshold for registration

5 Composition scheme for small business The purpose is

to ease the burden of compliance which enables the

small businesses to focus more on business and less on

compliance

1 The GST structure has been marketed well to portray it

as a simple concept but in reality the understanding is

complicated and distortionary to fully exploit the

expected beneits

2 Multiple tax rates and many complexities will result into

tax disputes and lead to more corruption

3 High confusion regarding the product classiication and

multiple rates is a major concern

4 The food industry has criticized the levying of higher

rates on value-added manufactured goods and has

asked for a simpler regime

5 Items like (i) Alcohol (ii) Real Estate and (iii) Electricity

have been kept out of this regime defeating the purpose

of one tax

ComponentsofGST

GST would be levied on a common base by both the central and the state government simultaneously The dual GST can

be categorized into the following

middot CentralGST(CGST)- GST to be levied by the central government

middot StateGST(SGST)UnionTerritoryGST(UTGST)- GST to be levied by statesUnion Territories with legislature

IntegratedGST(IGST)- GST levied by central government on inter-state supply of goods and services to ensure that the

credit chain is not disrupted Apart from the applicable custom duties import of goods and services would be treated as

inter-state supplies and would therefore be subject to IGST

ARTICLE


GSTRates

At the time of GST implementation former Finance Minister the late Mr Arun Jaitley said that the government wanted to

keep the GST rates close to the original rates But there were differences in case of some items because of the changes in

the economy as well as customer preferences Some commodities were kept in the high tax bracket (18-28) but on

scrutinizing the list they found that these commodities should be considered as necessities and not luxuries This is why

the GST rates were revised for commodities such as notebooks exercise books

FewGSTRatesare


Sale within the State CGST + SGST VAT + Central ExciseService tax

Revenue will be shared equally between the Centre and the State

Sale to another State IGST Central Sales Tax + ExciseService Tax

There will only be one type of tax (central) in case of



TaxRate Products








CompliancesunderGST


uuml E-WayBills GST introduced a centralised system of waybills by the introduction of ldquoE-way billsrdquo This system was

launched on 1st April 2018 for inter-state movement of goods and on 15th April 2018 for intra-state movement of

goods in a staggered manner

Under the e-way bill system manufacturers traders and transporters can generate e-way bills for the goods

transported from the place of its origin to its destination on a common portal with ease Tax authorities are also

beneited as this system has reduced time at check -posts and helps reduce tax evasion

uuml E-invoicing The e-invoicing system was made applicable from 1st October 2020 for businesses with an annual

aggregate turnover of more than Rs 500 crore in any preceding inancial years (from 2017-18) Further from 1st

January 2021 this system was extended to those with an annual aggregate turnover of more than Rs100 crore

These businesses must obtain a unique invoice reference number for every business-to-business invoice by

uploading on the GSTNs invoice registration portal The portal veriies the correctness and genuineness of the

invoice Thereafter it authorises using the digital signature along with a QR code

E-Invoicing allows interoperability of invoices and helps reduce data entry errors It is designed to pass the invoice

information directly from the IRP to the GST portal and the e-way bill portal It will therefore eliminate the

requirement for manual data entry while iling GSTR-1 and helps in the generation of e-way bills too

ARTICLE


GoodsampServicesTax(GST)Council

GST Council is a constitutional body for making recommendations to the Union and State Government on issues related

to Goods and Service Tax The GST Council is chaired by the Union Finance Minister and other members are the Union

State Minister of Revenue or Finance and Ministers in-charge of Finance or Taxation of all the States

The Union Cabinet in its meeting held on 12th September 2016 approved setting-up of GST Council and setting up its

Secretariat As per Article 279A of the amended Constitution the GST Council which will be a joint forum of the Centre

and the States shall consist of the following members -

i Chairperson ndash Union Finance Minister

ii Vice Chairperson - to be chosen amongst the Ministers of State Government

iii Members - MOS (Finance) and all Ministers of Finance Taxation of each State

uuml Quorum is 50 of total members

uuml Decision by 75 majority

uuml States - 23 weightage and Centre - 13 weightage

uuml Council to make recommendations on everything related to GST including laws rules and rates etc

Introduction

stWe are living in 21 Century ie in the age of social media With the handy use of social media the question comes

whether these instant messages ie Whatsapp Messages are of any legal relevance and admissible in Courts

Lately now courts have begun to admit instant messages and pictures sent on these platforms as evidence in both

Criminal as well as Civil matters

ArewhatsappChatsadmissibleasEvidence

In this present digital world electronic devices are used frequently especially for business transactions One of the most

common tool for communication is Whatsapp With digitization the Indian judiciary has also become more advanced

and techno-friendly The Parliament had enacted the Information and Technology Act 2000 to redeine the deinition of

electronic record undersection2(1)(t)of Information and Technology Act 2000With the help of mobile phones

people are daily expressing themselves which results in extensive collection of records that may become evidence in

legal matters

CurrentScenarioofIndianlegalSystem

Section 65(B) of Indian Evidence Act was introduced in Information Technology Act 2000 in order to consider

electronic communication viz Email Computer generated documents Whatsapp messages etc as valid evidence in the

Courts of law A 3-judge bench of the Honble Supreme Court of India has recently clariied and elaborated the law on

thadmissibility of digital evidence in judicial proceedings vide its judgment dated 14 July 2020 in the matter of Arjun

PanditraoKhotkarvKailashKushanraoGorantyalampOrs

It was held that certiicate under Section 65B (4) of the Evidence Act (ldquoActrdquo) is essential for admissibility of electronic

records stating that the same is to the best of his knowledge and belief These measures are taken by the court to ensure

the source and authenticity of the electronic record Electronic evidence can be easily tampered altered with hence

these safeguards prove to be very signiicant to ensure justice especially in the cases where the conclusion of the trial is

based on the electronic records

1 The Punjab and Haryana High Court has ruled that WhatsApp messages may be relied upon by investigating

agencies during a crime investigation but a certiicate Section 65B of the Indian Evidence Act is essential for the

same (RakeshKumarSinglavUnionofIndia)

ARTICLE


Whether Whatsapp Chats areAdmissible In Courts

CS Akshit Gupta FCS

csakguptagmailcom


2 AnvarPVVersusPKBasheer2014In this case the Court has interpreted Section 22A 45A 59 65A and 65B

of the Evidence Act and held that secondary information in CDDVDPen Drive is not acceptable without a

certiicate us 65 B (4) of Evidence Act

RelevanceoftheBlueTickintheAdmissibilityofWhatsappChat

The Bombay High Court while hearing an application iled by the SBICardsandPaymentsServicesPvtLtd(the

claimant)againstaresidentRohitJadhav observed that the defaulter who was evading the bank had not only

received the notice in a PDF ile but also opened it and read its contents This means he knows about the notice of bank

and he cannot invalidate such notice on the grounds of sending the same through the digital mode

JusticeGautamPatelheld in the above mentioned case that ldquoFor the purpose of service of the notice I will accept this I

do so because the blue icon indicators clearly show that not only were the message and its attachment delivered to the

respondents number but that both were openedrdquo

Conclusion

Laws relating to admissibility of electronic evidence are still facing some issues There are various questions which are

arising relating to authorship of certiicate Since admissibility of electronic evidence in the court are still facing few

issues even after the twenty years of Information Technology Act came into force we expect some major developments

and amendments in regards of these loophole

ARTICLE


dkekch dh jkg bruh vklku Hkh ugha

lius lHkh ckdh gS tks ns[ks Fks dHkhA

tu iy Hkj dk esjh fQrjr esa ugha

lQyrk dh cqfukn eSa fy[k jgk gwiexcl vHkhAA

rkmez bd [okc thfor jguk pkfg

esjs kgj ls d ubZ kqvkr gksuh pkfgA

eafty feys k uk feys s vyx ckr gS

lPph dksfkk dks mldk buke feyuk pkfgAA

ARTICLE





हम कपनी सिचव ह िसफ हार नही ह

िहम िशला पर िलखा वो लख नही जो पल म िपघल जाय

िशला पर िलखा वो लख ह जो अिमट अर ह

हम कपनी सिचव ह िसफ mdashmdashmdashmdashmdashmdashndash ह

अजन की गाडीव सा कलम ह हमारा

क की सदसन सा तज ह ान

कानन की धाराओ और अनछदो स नही ह हम अनजान

ा ण भगर लोभनो क वजह स हम िनरर ह

कपनी सिचव ह िसफ mdashmdashmdashmdashmdashmdashndash ह

हम वा ही नही ितवा भी हम ही ह

हम वो ह जो िनर सदा ही ह

हम तो ान क गगन म गगनचर पख ह

कानन क जगत म हम एक अिधकत हार ह


dEiuh lfpoCS Prahalad Kumar ACS

email2prahaladgmailcom

ला हो उस ालन को जो सघष की ितमित थी

आज अपन हजनो को ा चहरा िदखाएग

ाग आाकारता का कशल नततव सीखन वाल

ा आज भड़ चलो म फसन की वजह स हम सार ह


कपनी पजीकरण स िवलय तक का समथ ाता ह हम

आिथक मदी स उबारन क िलए जान जात ह हम

िविध का पण ह कवल अर नही ह हम


Initiatives of Chapters of NIRC of ICSI


InitiativesofChapters

Noida

bull On the occasion of PCS Day 2021 Tuesday 15th June 2021 Noida Chapter organised a webinar on the topic

Talk on Future Ready PCS- Insights into Future Challengesrdquo from 0500 pm to 0630 pm During the webinar

Noida Chapter of NIRC felicitated 2 Practicing Company Secretaries having more than 25 years of practice

experience amp 2 PCS irms with three or more partners Appreciation certiicates were given to them and they

shared their experience and journey briely

bull Webinar held on Friday 18th June 2021 from 0500 pm to 0630 pm on the topic Producer Company

Governanceamp Compliance

bull Webinar held on Saturday 19th June 2021 from 1100 am to 1230 pm on the topic Practical tips for settlement

of legal disputes

bull Webinar on the Topic ldquoRole of Company Secretaries During Covid and Post Covid Periodrdquo

bull Webinar on the Topic ldquoPreparing for Challenges in Businesses Post Covid-19 (Part -1)rdquo

bull Webinar on the Topic ldquoPreparing for Challenges in Businesses Post Covid-19 (Part - II)rdquo

bull Noida Chapter of NIRC of the ICSI organized four days Online NCLT Workshop on 3rd 4th 10th amp 11th June

2021 from 0500 pm to 0700 pm

bull In view of International Yoga Day Noida Chapter of NIRC organized 4 Yoga Sessions on four consecutive

Saturdays from 29thMay 2021 till 19thJune 2021

Bareilly

bull On 5th June 2021 Bareilly Chapter organized a webinar on the theme A brief overview of Recent Amendments amp

Relaxations under Companies Act 2013

bull On 19th June 2021 during the PCS Week one more webinar was organized by Bareilly Chapter on the theme

Opportunities under Insolvency and Bankruptcy Code

bull On 29th June 2021 5th One Day Orientation Program during 2021 for CS Executive students was organized by

the Chapter through virtual mode

Meerut

bull Online Study Circle for students on the topic of Recent amendments in CSR on 12062021

bull PCS Day - webinar on the topic Opportunities under Insolvency amp Bankruptcy Code on 18062021

Modinagar

bull Modinagar Chapter celebrated GST Day 2021 on 05th July 2021


Faridabad

bull MoU signing ceremony with Pt J L N Govt College FBD - 23042021 in Presence of Chairman NIRC (Virtual)

bull MoU Signing Ceremony with Aggarwal College FBD --10062021 in Presence of Chairman NIRC (virtual)

bull MoU Signing ceremony with IMT College FBD - 23062021 in presence of Chairman NIRC (Virtual)

bull MoU Signed with hospitals -

1) SSB Multi Heart Specialty Hospital on 17042021

2) QRG Hospital w e f 23032021

bull Study Session on Recent Amendments in Companies Act 2013 on Saturday 10th April 2021 at Chapter premises

bull 2nd EDP Batch(15 days) - Classroom Mode wef 03042021 to 20042021

bull PCS Day Celebration on Tuesday 15th June 2021 by Faridabad Chapter

bull WEBINAR on FDI under FEMA on Saturday 19062021

Kota

bull Kota Chapter is celebrating Student month by organizing various activities for students in July 2021

Jaipur

bull PCS Day celebrations week ( Five Webinar )

bull International yoga Day Celebration

bull Workshop at yoga 01062021 to 30062021

bull Vaccination Drive with Fortis Hospital

bull Joint Webinar by Chapter of Rajasthan

bull Online CAP

Gorakhpur

bull Gorakhpur Chapter conducted webinar on Deposit amp Loan to Director on 24th May 2021 The Chief Guest of the

webinar was CS Nagendra D Rao President ICSI and the Guest of Honour was CS HimanshuHarbola Treasurer

NIRC of ICSI

bull Gorakhpur Chapter also conducted webinar on ICSI Auditing Standards on 7th June 2021 The Chief Guest of the

webinar was CS Devendra D Deshpande Vice President ICSI and the Guest of Honour was CS Vimal Gupta

Chairman NIRC of ICSI

bull On 11th June 2021 Gorakhpur Chapter conducted webinar on Dematerialisation E-Voting and Other Issuer

Services of NSDL The Chief Guest of the webinar was CS MamtaBinani Past President ICSI and the Guest of

Honour was CS SusshilDaga Vice Chairman NIRC of ICSI

bull On the occasion of PCS Day 2021 A Panel Discussion was organised by Gorakhpur Chapter on the topic

Opportunities for Company Secretaries in Developing Cities on 15th June 2021 The Special Guest of the

programme was CS Manish Gupta Council Member ICSI The Panel discussed about the various opportunities for

CS in small and developing cities in India



bull On 27th June 2021 Gorakhpur Chapter organized Blood Donation Camp in collaboration with ICAI Gorakhpur

and JCI Gorakhpur More than 70 persons donated their blood in the camp

bull The Chapter also celebrated Van Mahotsav on 01st July 2021 and GST Day on 05th July 2021 On The occasion of

GST Day celebration

Bhilwara

bull Bhilwara Chapter of NIRC of ICSI organised a webinar on the topic Health Care in COVID-19 on 1st June 2021 The

chief guest of the webinar was CS Vimal Gupta Chairman NIRC

bull On the occasion of PCS Day Celebration Bhilwara Chapter organised a webinar on 12th June 2021 on the topic

Recent Amendments in Companies Act amp MCA Version 30 On that occasion Bhilwara Chapter felicitate the PCS

Members who are practicing 15 years and more

bull Bhilwara Chapter also organised a Yoga session for Members and Students on 19th June 2021

Karnal

bull Following Webinars were organised by Karnal Chapter for Members

1 3rd May 2021 on the topic Unpacking the Nuances of Oppression and Mismanagement

2 29th May 2021 on the topic Interpersonal and Professional Skills for Company Secretaries

3 09th June 2021 on the topic Recent Amendments in Companies Act 2013rdquo

4 16th June 2021 on the topic Interpretation of Statutes for Company Secretaries

bull PCS Day was celebrated with a Webinar on 15th June 2021 on the Theme Opportunities for Company Secretaries

bull In addition to this a Non academic session for Members was organised on 28th June 2021

bull For Students 1 Five days EDP (ADP) and 6 PDPs were conducted online

Udaipur

bull Udaipur Chapter conducted Free Vaccination Drive for Members Students and their Family Members on

24062021

bull Udaipur Chapter organised three Webinar for members on 07062021 15062021 and 26062021

bull Udaipur Chapter organised Yoga Session through virtual mode for members and students on 27th June 2021

bull Udaipur chapter organised Career Awareness Programme for Students

Ghaziabad

bull Ghaziabad Chapter organized 05 days webinar series from 11th June 2021 to 16th June 2021 and invited Senior

faculties during the series CS Vineet Chaudhary Central Council Member The ICSI was Chief Guest on June 15 2021

bull Ghaziabad Chapter organized MOU Signing Ceremony for Academic Collaboration between the ICSI and Maharishi

University of Information Technology on Tuesday June 29 2021 at Maharishi Law School Maharishi University of

Information Technology Maharishi Nagar Sec 110 Noida Uttar Pradesh 201304 CS Nagendra D Rao Honble

President The ICSI graced the occasion with his benign presence

bull Ghaziabad Chapter of NIRC of ICSI conducted a webinar on the topic ldquoStay Positiverdquo with view of giving enthusiasm

and undeniable energy to all the members to express themselves their fears their positive thoughts everything amp

The need of the hour is Expression as well as Motivation on Saturday June 26 2021

bull Ghaziabad Chapter of NIRC of ICSI celebrated International Yoga Day



CSBF

COMPANYSECRETARIESBENEVOLENTFUND

MEMBERSENROLLEDREGIONWISEASLIFEMEMBERSOFTHECOMPANYSECRETARIESBENEVOLENTFUND

DURINGTHEPERIOD01032021TO30062021

REGION LMNO NAME MEMBNUMBER

NIRC

1 14821 MR GAURAV KUMAR MODI ACS - 64694

2 14830 MR ANKIT ANIL PARDESHI ACS - 62406

3 14831 MR SHAH NAWAZ ACS - 41049

4 14832 MS RICHA KHANDELWAL ACS - 47398

5 14838 MR AMRENDER KUMAR YADAV ACS - 41946

6 14839 MS RENU KATHURIA ACS - 34023

7 14844 MR SUMIT KUMAR SINGH ACS - 50243

8 14857 MR PARITOSH CHAUHAN ACS - 42603

9 14862 MS RIYA KHURANA ACS - 58282

10 14868 MS VRUSHALI RAJESHKUMAR DARJI ACS - 54675

11 14869 MR AMIT KUMAR MANGLA ACS - 32638

12 14870 MS KHUSHBOO BHATT ACS - 43508

13 14872 MR VIKASH GUPTA FCS - 9198

14 14876 MR ATUL KUMAR SINGH ACS - 38572

15 14880 MR ANSHUL JAIN ACS - 43863

16 14882 MR AMAN RATRA ACS - 55296

17 14888 MS CHAKSHOO MEHTA ACS - 42309

18 14892 MS DIVYA GAUR ACS - 47360

19 14897 MR ANKIT GOEL ACS - 52633

20 14902 MR SANDEEP KUMAR FCS - 9075

21 14907 MR SAURABH JAIN ACS - 45759

22 14908 MR MANISH KUMAR VERMA FCS - 10023

23 14909 MR HIMANSHU YADAV ACS - 44654

24 14912 MR ANKUR DUDANI ACS - 63498

25 14917 MR PANKAJ SHARMA ACS - 61152

26 14918 MS NAVITA GUPTA ACS - 51316

27 14919 MS ARSHDEEP KAUR JUDGE ACS - 33911

28 14923 MR KARM SAWHNEY ACS - 64986


CSBF

29 14926 MR LALIT KUMAR ACS - 49701

30 14930 MR DEVESH UPPAL ACS - 53648

31 14937 MS JASLEEN KAUR ACS - 55304

32 14941 MR DHRUV SHARMA FCS - 10760

33 14942 MR MOHD ZAFAR FCS - 9184

34 14944 MR CHANDRAKANT GUPTA ACS - 50829

35 14945 MR AKSHAY SACHAN ACS - 55246

36 14947 MR ARPIT KALANI ACS - 63919

37 14951 MR VIPUL JAIN ACS - 59021

38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

40 14968 MR ASHU DHALL ACS - 50635

41 14971 MR PRINCE KUMAR FCS - 11000

42 14972 MR SUMIT GOYAL ACS - 54398

43 14974 MS DIVYA KHANNA ACS - 53941

44 14976 MS MONIKA GUPTA ACS - 59297

45 14979 MR MOHAMMAD KHALID ACS - 34335

46 14980 MR MUSTKEEM ACS - 56334

47 14982 MR SURESH KUMAR GUPTA FCS - 11059

48 14987 MS SONI PANDIYA ACS - 60696

49 14989 MR PRADEEP KUMAR ACS - 63052

50 14993 MR ANUPAM SRIVASTAVA ACS - 54503

51 15000 MR ROHIT SHRIVASTAVA ACS - 56732

52 15007 MR BHANU BHARGAVA ACS - 30370

53 15010 MS POOJA SINGH ACS - 39178

54 15012 MR NITESH KUMAR JHA ACS - 64377

55 15013 MR ASHWANI KUMAR ACS - 53574

56 15018 MR DEEPENDRA KUMAR MISHRA ACS - 63335

57 15024 SH PIYUSH AGARWAL ACS - 25165

58 15028 MR WASEEM ANWAR ACS ndash 39572

59 15029 SH VIKAS SETHI ACS - 17411

60 15037 MR SHOBHIT KUMAR KUSHWAHA ACS - 46660

61 15039 MR RAVI SHARMA ACS - 54818

62 15044 MR ANURAG PANDEY ACS - 50091


CSBF

63 15051 MS SHIVANGI SHARMA ACS - 59088

64 15053 MS DEEPTI JOSHI ACS - 51950

65 15058 MR JAGBIR SINGH FCS - 10983

66 15061 MR LOKESH SHARMA ACS - 50553

67 15062 MR KAMRAN SIDDIQUI ACS - 46943

68 15065 MS NEHA SRIVASTAVA ACS - 43927

69 15066 MS RUPALI SHARMA ACS - 37249

70 15070 MR SACHIN GUPTA ACS - 60203

71 15077 SH ASHISH MALKOTIA ACS - 17526

72 15078 MS NIDHI BHARDWAJ ACS - 56098

73 15080 SH ABHINAV RASTOGI ACS - 17692

74 15084 MR ASHISH MISRA ACS - 29368

75 15091 SH RATNESH PRASAD RUKHARIYAR FCS - 5833

76 15094 MR RAHUL CHOUDHARY ACS - 52647

77 15096 MR SHRAWAN KUMAR SHUKLA ACS - 53492

78 15099 MR SHIVAM GOEL ACS - 57386

79 15103 MR YOGESH MAHESHWARI ACS - 39675

80 15106 MS ANUJA JAIN ACS - 57084

81 15107 SH BANOJ KUMAR PRADHAN ACS - 15324

82 15116 MS REETIKA JHOTA ACS - 22130

83 15124 MS SANJANA CHHABRA ACS - 49167

84 15125 MR VAIBHAV SHUKLA FCS - 10556

85 15127 MS POOJA AGGARWAL ACS - 27524

86 15130 MR BHUPENDRA KAUSHIK FCS - 9884

87 15132 MS GAUTAMI GUPTA ACS - 57547

88 15138 MS SHINJINI MUKHERJEE ACS - 65425

89 15140 MS DEEPIKA SIDANA ACS - 55544

90 15141 MR ANMOL KAPOOR ACS - 57017

91 15142 MR KARAN SINGH ACS - 46641

92 15143 SH VIJAY KUMAR KAKKAR ACS - 25145

93 15144 MR NARENDER KUMAR ACS - 40175

94 15150 MS MANSI AWANA ACS - 36655

95 15154 MR AMIT KUMAR ACS - 61851

96 15155 MR AYUSH KUMAR JAIN ACS - 56424

97 15156 MS REKHA RANI NARANIWAL ACS - 38803


CSBF

98 15158 MS ANJALI GUPTA ACS - 20688

99 15164 MS NIDHI DANG FCS - 10548

100 15168 MR GYANESH KUMAR MISHRA ACS - 46816

101 15170 MS JASWANT KAUR ACS - 18106

102 15173 MS MEHAK GUPTA FCS - 10703

103 15175 MS SHILPI FCS - 11047

104 15177 MS SHEETAL NAHARIA FCS - 11193

105 15178 SH SURENDRA KUMAR SHARMA FCS - 5737

106 15180 MR ASHISH BANSAL ACS - 40217

107 15195 SH NARENDER KUMAR SHARMA FCS - 3189

108 15198 MS POOJA KUMARI ACS - 41504

109 15201 MS UPASNA THAKRAL ACS - 35559

110 15202 MS RENU ACS - 50393

111 15206 MR SWAPNIL AWASTHI ACS - 65802

112 15209 MS ANSHULA CHOUDHARY FCS - 10639

113 15220 MR ISHAN KHANNA ACS - 53517

114 15232 MS VIDHI KANSAL ACS - 24018

115 15233 MR NEERAJ KUMAR KHATRI ACS - 36858

116 15234 MR NIRBHAY ROCHWANI ACS - 44914

117 15235 MR SUMIT RAWAT ACS - 58125

118 15237 MS ARCHITA GUPTA ACS - 39294

119 15238 MS ANKITA GUPTA ACS - 27518

120 15239 SH SATISH KUMAR NIRANKAR FCS - 9605

121 15241 SH VIKASH JOSHI ACS - 19524

122 15245 MR VIKAS YADAV ACS - 43530

123 15250 MRS SHALU VARSHNEY ACS - 17344

124 15253 MS DEEPTI ARORA ACS - 31707

125 15254 MR MOHIT VARSHNEY ACS - 60762

126 15255 MS SHIKHA GOYAL ACS - 60381

127 15257 MS ANNU GUPTA ACS - 47525

128 15258 MR NITESH KUMAR YADAV ACS - 61297

129 15259 MR AAKARSHIT JAI ACS - 63632

130 15260 MS MEHAK MONGA ACS - 43728

131 15261 MR GAUTAM KHURANA ACS - 64072

132 15262 MR ISHAAN SHARMA ACS - 65147

133 15263 MS PALLAVI KAPOOR ACS - 64753

134 15264 MS MANISHA GUPTA ACS - 62708

135 15266 SH LALAN KUMAR SINGH FCS - 7837

136 15269 MR AKASH KANDOI ACS - 48651

137 15272 MR NISHANT PRITAM RAJ ACS - 64110

138 15273 MR INDRA JEET YADAV FCS - 10330

Page 2

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NIRC-ICSI NEWSLETTER

bull NIRC-ICSI newsletter is generally published every month

bull Articles on subjects of interest to company secretaries are welcome

bull Views expressed by contributors are their own and the NIRC-ICSI does not accept any responsibility

bull The NIRC-ICSI is not in any way responsible for the result of any action taken on the basis of the advertisements

published in the newsletter

bull All rights reserved

bull No part of this newsletter may be reproduced or copied in any form by any means without the written

permission of the NIRC-ICSI

bull Soft copy of this issue of newsletter is also available on the website of the NIRC-ICSI

copy The Northern India Regional Council of the Institute of Company Secretaries of India

Published by CS Sonia Baijal Regional Director for and behalf of Northern India Regional Council of the Institute

of Company Secretaries of India 4 Prasad Nagar Institutional Area New Delhi - 110005 e-mail

niroicsiedu Phones 49343000 Published at NIRC - ICSI 4 Prasad Nagar Instl Area New Delhi

THE REGIONAL COUNCIL CHAIRMAN

CS VIMAL KUMAR GUPTA

VICE CHAIRMANCS SUSSHIL DAGA

SECRETARYCS DEVENDER SUHAG

TREASURERCS HIMANSHU HARBOLA

MEMBERS (IN ALPHABETICAL ORDER)CS AMIT GUPTA

CS BHUPESH GUPTA

CS GURVINDER SINGH SARIN

CS MONIKA KOHLI

CS SAURABH KALIA

CS SURESH PANDEY

CS SURYA KANT GUPTA

CS VINAY SHUKLA

EX-OFFICIO MEMBERSCS HITENDER MEHTA

CS MANISH GUPTA

CS NPS CHAWLA

CS RANJEET PANDEY

CS VINEET K CHAUDHARY

REGIONAL DIRECTORCS SONIA BAIJAL

Inside

- From the Chairman NIRC

- Glimpses

- Articles

- CSBF

CONTENT

FROM THECHAIRMAN


FROM THE CHAIRMAN

























delegates present


FROM THE CHAIRMAN


June2021






June2021






in) as on date
















members








participants


FROM THE CHAIRMAN





participants





StudentMonth




activities





participants









With best regards


Mob99833242829314324282

GLIMPSES


GLIMPSES






GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























Page 1

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Page 4

Page 5

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Page 7

Page 8

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Page 10

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Page 13

Page 14

Page 15

Page 16

Page 17

Page 18

Page 19

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Page 21

Page 22

Page 23

Page 24

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Page 27

Page 28

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Page 32

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Page 38

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Page 101

Page 102

Page 103

Page 104

Page 105

FROM THECHAIRMAN


FROM THE CHAIRMAN

























delegates present


FROM THE CHAIRMAN


June2021






June2021






in) as on date
















members








participants


FROM THE CHAIRMAN





participants





StudentMonth




activities





participants









With best regards


Mob99833242829314324282

GLIMPSES


GLIMPSES






GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























Page 1

Page 2

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Page 5

Page 6

Page 7

Page 8

Page 9

Page 10

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Page 49

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Page 53

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Page 59

Page 60

Page 61

Page 62

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Page 64

Page 65

Page 66

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Page 68

Page 69

Page 70

Page 71

Page 72

Page 73

Page 74

Page 75

Page 76

Page 77

Page 78

Page 79

Page 80

Page 81

Page 82

Page 83

Page 84

Page 85

Page 86

Page 87

Page 88

Page 89

Page 90

Page 91

Page 92

Page 93

Page 94

Page 95

Page 96

Page 97

Page 98

Page 99

Page 100

Page 101

Page 102

Page 103

Page 104

Page 105


FROM THE CHAIRMAN

























delegates present


FROM THE CHAIRMAN


June2021






June2021






in) as on date
















members








participants


FROM THE CHAIRMAN





participants





StudentMonth




activities





participants









With best regards


Mob99833242829314324282

GLIMPSES


GLIMPSES






GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























Page 1

Page 2

Page 3

Page 5

Page 6

Page 7

Page 8

Page 9

Page 10

Page 11

Page 12

Page 13

Page 14

Page 15

Page 16

Page 17

Page 18

Page 19

Page 20

Page 21

Page 22

Page 23

Page 24

Page 25

Page 26

Page 27

Page 28

Page 29

Page 30

Page 31

Page 32

Page 33

Page 34

Page 35

Page 36

Page 37

Page 38

Page 39

Page 40

Page 41

Page 42

Page 43

Page 44

Page 45

Page 46

Page 47

Page 48

Page 49

Page 50

Page 51

Page 52

Page 53

Page 54

Page 55

Page 56

Page 57

Page 58

Page 59

Page 60

Page 61

Page 62

Page 63

Page 64

Page 65

Page 66

Page 67

Page 68

Page 69

Page 70

Page 71

Page 72

Page 73

Page 74

Page 75

Page 76

Page 77

Page 78

Page 79

Page 80

Page 81

Page 82

Page 83

Page 84

Page 85

Page 86

Page 87

Page 88

Page 89

Page 90

Page 91

Page 92

Page 93

Page 94

Page 95

Page 96

Page 97

Page 98

Page 99

Page 100

Page 101

Page 102

Page 103

Page 104

Page 105


FROM THE CHAIRMAN


June2021






June2021






in) as on date
















members








participants


FROM THE CHAIRMAN





participants





StudentMonth




activities





participants









With best regards


Mob99833242829314324282

GLIMPSES


GLIMPSES






GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























Page 1

Page 2

Page 3

Page 4

Page 6

Page 7

Page 8

Page 9

Page 10

Page 11

Page 12

Page 13

Page 14

Page 15

Page 16

Page 17

Page 18

Page 19

Page 20

Page 21

Page 22

Page 23

Page 24

Page 25

Page 26

Page 27

Page 28

Page 29

Page 30

Page 31

Page 32

Page 33

Page 34

Page 35

Page 36

Page 37

Page 38

Page 39

Page 40

Page 41

Page 42

Page 43

Page 44

Page 45

Page 46

Page 47

Page 48

Page 49

Page 50

Page 51

Page 52

Page 53

Page 54

Page 55

Page 56

Page 57

Page 58

Page 59

Page 60

Page 61

Page 62

Page 63

Page 64

Page 65

Page 66

Page 67

Page 68

Page 69

Page 70

Page 71

Page 72

Page 73

Page 74

Page 75

Page 76

Page 77

Page 78

Page 79

Page 80

Page 81

Page 82

Page 83

Page 84

Page 85

Page 86

Page 87

Page 88

Page 89

Page 90

Page 91

Page 92

Page 93

Page 94

Page 95

Page 96

Page 97

Page 98

Page 99

Page 100

Page 101

Page 102

Page 103

Page 104

Page 105


FROM THE CHAIRMAN





participants





StudentMonth




activities





participants









With best regards


Mob99833242829314324282

GLIMPSES


GLIMPSES






GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























Page 1

Page 2

Page 3

Page 4

Page 5

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Page 8

Page 9

Page 10

Page 11

Page 12

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Page 16

Page 17

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Page 20

Page 21

Page 22

Page 23

Page 24

Page 25

Page 26

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Page 30

Page 31

Page 32

Page 33

Page 34

Page 35

Page 36

Page 37

Page 38

Page 39

Page 40

Page 41

Page 42

Page 43

Page 44

Page 45

Page 46

Page 47

Page 48

Page 49

Page 50

Page 51

Page 52

Page 53

Page 54

Page 55

Page 56

Page 57

Page 58

Page 59

Page 60

Page 61

Page 62

Page 63

Page 64

Page 65

Page 66

Page 67

Page 68

Page 69

Page 70

Page 71

Page 72

Page 73

Page 74

Page 75

Page 76

Page 77

Page 78

Page 79

Page 80

Page 81

Page 82

Page 83

Page 84

Page 85

Page 86

Page 87

Page 88

Page 89

Page 90

Page 91

Page 92

Page 93

Page 94

Page 95

Page 96

Page 97

Page 98

Page 99

Page 100

Page 101

Page 102

Page 103

Page 104

Page 105

GLIMPSES


GLIMPSES






GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























Page 1

Page 2

Page 3

Page 4

Page 5

Page 6

Page 8

Page 9

Page 10

Page 11

Page 12

Page 13

Page 14

Page 15

Page 16

Page 17

Page 18

Page 19

Page 20

Page 21

Page 22

Page 23

Page 24

Page 25

Page 26

Page 27

Page 28

Page 29

Page 30

Page 31

Page 32

Page 33

Page 34

Page 35

Page 36

Page 37

Page 38

Page 39

Page 40

Page 41

Page 42

Page 43

Page 44

Page 45

Page 46

Page 47

Page 48

Page 49

Page 50

Page 51

Page 52

Page 53

Page 54

Page 55

Page 56

Page 57

Page 58

Page 59

Page 60

Page 61

Page 62

Page 63

Page 64

Page 65

Page 66

Page 67

Page 68

Page 69

Page 70

Page 71

Page 72

Page 73

Page 74

Page 75

Page 76

Page 77

Page 78

Page 79

Page 80

Page 81

Page 82

Page 83

Page 84

Page 85

Page 86

Page 87

Page 88

Page 89

Page 90

Page 91

Page 92

Page 93

Page 94

Page 95

Page 96

Page 97

Page 98

Page 99

Page 100

Page 101

Page 102

Page 103

Page 104

Page 105


GLIMPSES






GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























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GLIMPSES







GS Sarin






GLIMPSES











GLIMPSES


Day129062021


Day230062021


Day302072021


Day403072021



GLIMPSES
















GLIMPSES











AGM













Dated 13 July 2021

Note(s)












July 2021)


AGM

To



Opinion







and fair view





date

BasisforOpinion




















AGM





































Sd-

(CAMUKESHMITTAL)



Date 01062021


ARTICLES

Introduction
































ARTICLE



ARTICLE

TypesofGST





HowtoavailGSTNumber













1 Visit GST Portal






GSTFilingStructure





ARTICLE

A RegularTaxpayers
















each month







Conclusion
















throughout India






ARTICLE


CS Parul Jain ACS







ARTICLE




paid





paid


History of GST



GST law

















and Sales tax etc





ARTICLE








and motorcycles






TaxRates Products










ARTICLE

TypesofGST
















ARTICLE
























GST E-Way Bill


from the GST portal

BeneitsofGST


ARTICLE

















bull The invoices




GSTReturns







generated


GSTR-1





ARTICLE




GSTR-2A



period

GSTR-2B



charge


ARTICLE

GSTR-3B












GSTR-4





ARTICLE



GSTR-5




taxes paid


GSTR-5A




GSTR-6





GSTR-7




GSTR-8


at source (TCS)




ARTICLE

GSTR-9










Act

GSTR-9C








GSTR-10




GSTR-11











ARTICLE








Conclusion




















our nation

NeedofGST




ARTICLE



CS Lalit Rajput ACS



ARTICLE

TaxesunderGST



CGST SGST IGST



























ARTICLE























Regime

















ARTICLE







6Taxplanning








GST law also




Conclusion



































of turnover






ARTICLE





ARTICLE



5 under this scheme












registration in GST



























GSTAdvantages



will be lower



and vice versa



compliances costs










GSTDisadvantages





ARTICLE






ARTICLE






ecosystem




within Maharashtra)


Maharashtra)






ExciseService tax




Service Tax




of goods

GSTRegistration











ARTICLE



















NormalTaxpayer



CasualTaxablePerson




CompositionTaxpayer









ARTICLE



1 PAN card

2 Aadhaar card




6 Digital Signature



















amount











ARTICLE










6 Agriculturists



1 May 2021 102709

2 April 2021 141384

3 March 2021 123902

4 Feb 2021 113143

5 January 2021 119843

Conclusion





economy





























respective states

ARTICLE






ARTICLE
























GSTndashAFlashback
















ARTICLE

GST-RatesandReturns



















E-invoicingunderGST











generation



than Rs50 crores



authorities


ARTICLE







negative list

ElectronicWayBill

































management level







ARTICLE








AMulti-Stage










ARTICLE

BValueAddition(VA)






the retailer




CDestination-Based



JourneyofGSTinIndia



Law came into force

AdvancesofGST









ComponentsofGST






ARTICLE

Illustration






TaxLawsbeforeGST













middot Cess

middot State VAT


middot Purchase Tax

middot Luxury Tax


middot Entry Tax







Excise Service Tax


State


excise Service Tax




ARTICLE







Illustration








repacks at Rs300

1400 140 1540


Total 1800 444 2244



happens




InvoiceTotal(Rs)



repacks at Rs300

1300 130 30 1430


Total 1800 180 1980



ARTICLE



1E-WayBills



manner




2E-invoicing









bills too
















notiied


ARTICLE




















conveyance














the beginning

WhatisGST



















good parts of GST





ARTICLE





cbstskguptagmailcom

ARTICLE





























IssuesunderGST












ARTICLE









































ARTICLE



























Conclusion













ARTICLE





sandy673711gmailcom

WhatisE-wayBill












exempted goods

ARTICLE






















Rs50000-



challan etc

ARTICLE





Rules2017




















of goods by rail







monthsquarters





ARTICLE




make them compliant






evaded





goods





Excise-2019(12) TMI 1089-

GSTAA-HP








G o d re j C o n s u m e r 1 1 - 0 2 -

2020HC-67













ARTICLE




(All)









2020-VIL-115- KER




release of goods












(21) GSTL 3 (Ker)












taxpayers





effectfrom01082021



















ARTICLE






ARTICLE















10000perreturn



















respectively



days



30th June 2021

ARTICLE

































ARTICLE










FORM GSTR-1












Introduction


















Opportunities








ARTICLE













Challenges








Conclusion




ARTICLE


JourneyofGSTinIndia






from 4 to 3





by one year











1 Central CST Bill





ARTICLE




CS Meenakshi ACS


IntroductionofGST












ARTICLE




effect of taxation




ARTICLE







2









GSTRegistration

















ARTICLE











ARTICLE








veriication







ARTICLE






after Covid-19
















ARTICLE






Climatechange-








ARTICLE

















demand







ARTICLE



































ARTICLE













7500- and above










ARTICLE
















act











the





Analysis






ARTICLE



Constitution




































may berdquo

ARTICLE
































Act

ARTICLE











taxable person and


















CONCLUSION







safeguards

ARTICLE



and
















bull Ajmer

bull Alwar

bull Amritsar

bull Bareilly

bull Bhilwara

bull Bikaner

bull Chandigarh

bull Dehradun

bull Faridabad

bull Ghaziabad

bull Gorakhpur

bull Gurugram

bull Jaipur

bull Jalandhar

bull Jammu

bull Jodhpur

bull Kanpur

bull Karnal

bull Kota

bull Luchnow

bull Ludhiana

bull Meerut

bull Modinagar

bull Noida

bull Panipat

bull Patiala

bull Prayagraj

bull Shimla

bull Srinagar

bull Udaipur

bull Varanasi

ARTICLE









Features


2 Multi stage

DestinationBasedTax





MultiStage







Goods



GoodsServices

Supply

GST


ARTICLE














Total Cost Rs 1100





CST 10 Rs 210 IGST 10 Rs 110









ARTICLE


ComponentsofGST






intra-state sale
















StateUTforanewlimit

ofRs40Lakh






Telangana





ARTICLE













SlabRates


Rates Particulars














and 15 towards CGST





ARTICLE
















crore











GST






ID

ARTICLE






Introduction






Genesis





Introduction

ARTICLE











February2005




February2006


November2006



February2007


February2008






November2009



from stakeholders

February2010









November2012



ARTICLE


February2013






resolution

October2013




power at the Centre

December2014



committee

February2015


by 1 April 2016









views



September2016


an Act



ARTICLE




A DeinitionofGST











bull Key Features



Article 269A




ARTICLE










and VAT





compliance




expected beneits










of one tax

ComponentsofGST








ARTICLE


GSTRates






FewGSTRatesare








TaxRate Products








CompliancesunderGST

















ARTICLE
















Introduction











legal matters















ARTICLE



CS Akshit Gupta FCS

csakguptagmailcom













Conclusion





ARTICLE










ARTICLE

































Noida









of legal disputes





2021 from 0500 pm to 0700 pm



Bareilly







Meerut



Modinagar



Faridabad











Kota


Jaipur






bull Online CAP

Gorakhpur



NIRC of ICSI
















GST Day celebration

Bhilwara







Karnal









Udaipur


24062021




Ghaziabad













CSBF





NIRC






























CSBF










38 14961 MR DHEERAJ ACS - 27493

39 14967 MR MAYANK ACS - 57784

























CSBF





































CSBF






103 15175 MS SHILPI FCS - 11047







110 15202 MS RENU ACS - 50393





























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July New Newsletter 2021

Documents

Transcript of July New Newsletter 2021