Compilation of Rules, Forms and Notifications-Section 3 to Section 6 of CGST Act, 2017 (Updated upto March 2020) This update is an effort to bring about  compilation of all relevant circulars and notifications for sections as mentioned above. We sincerely hope that it would be beneficial for the readers. Section-3- Officers under CGST                                Relevant Rule-Not Applicable Relevant Notification-   S. No. Notification No. Particulars 1....

Whether Transitional Credit is a vested right-Two Recent Judgement by Himachal Pradesh High Court and Rajasthan High Court and Story unfurls itself The question whether Transitional Credit is a vested right or not has been a matter of litigation and seems that the dust would not be settled in the very near future. We have plethora of judgements in recent months Adfert Technologies Pvt. Ltd....

Discount and Incentive-Circular No. 105/2019-GST Dated 28th June 2019-Agenda to 37th GST Council Meeting gives an understanding to the reason behind withdrawal of Circular and how it gives a brief overview of what’s coming next in place of withdrawn Circular                                                                                                                                                                   CA Arpit Haldia   Circular No. 105/2019-GST Dated 28th June 2019 which provided clarification regarding treatment of Secondary or Post Sales Discounts was...

Rule 86A- “Reasons to be Recorded in Writing”-Inbuilt Safeguard for Protection of Principle of Natural Justice and Balancing Act between Power of the Revenue and Safeguard of Taxpayers Interest CA Arpit Haldia Rule 86A was inserted vide Notification No. 75/2019-Central Tax Dated 26th December 2019. Rule 86A provides that proper officer having reasons to believe that credit of input tax available in the electronic credit...