Blogs

Anti-Profiteering Provision
||,
Rationale for Anti Profiteering Provisions Invariably all the countries implementing GST have faced a sudden rise in inflation and the profiteering practices followed by the business community were alleged as one of the reasons for the rise in inflation. Learning from the global experience, anti-profiteering measures have also been inserted in the Indian...
Continue Reading
Interest is perplexing!!!
||, ,
As per letter of Special Secretary and Member, CBIC dated 10th February, 2020 Interest amounting to ₹45,996 crores remains unpaid to the government on account of delayed payment of tax and urged field formation to expedite recovery of such Interest.
Continue Reading
No more Double Whammy of IGST on CIF Importers
||, ,
Introduction Levy of Service Tax on ocean freight service has been one of the most disputed issues for Trade and Industry. Unfortunately, the levy of Integrated Goods and Service Tax (IGST) on ocean freight service is equally contentious. In this article an endeavour has been made to analyse Hon’ble Gujarat...
Continue Reading
Guidelines on Detention and Confiscation of Goods and Conveyance
||, ,
Introduction: In order to ensure that the suppliers do not evade payment of GST(“Tax”), Section 68 of the CGST/ respective state GST Act (“Act”) empowers the Government to prescribe documents to be carried along with the goods in transit. Rule 138A of the Central/State Goods and Services Tax Rules ("Rules")...
Continue Reading
GST Non-Filers and Best Judgment Assessment
||, ,
Introduction: GST law mandates monthly filing of GSTR-3B (hereinafter 1“Return”) on or before 20th day of succeeding month. As per Section 46 of2 CGST Act read with Rule 68 of3 CGST Rules, Proper officer shall issue in electronic form a notice in Form GSTR-3A (hereinafter “Notice”) requiring defaulting tax payer...
Continue Reading
 

DISCLAIMER

As per the Chartered Accountants Act 1949 and the guidelines laid down by the Institute of Chartered Accountants of India (ICAI), Chartered Accountants are prohibited from soliciting clients or professional work either directly or indirectly. This website is only intended to provide general information about Jignesh Kansara & Associates (JKACA), Chartered Accountants, its team and the services it renders.

By clicking on “I Agree”, the user acknowledges the following:

  • The user wishes to gain more information about JKACA for his/her own use on his own accord.
  • There has been no advertisement, personal communication, invitation or inducement of any sort whatsoever from JKACA or any of its partners to solicit work through its website.
  • Any information obtained or material downloaded from this website is completely at the user’s volition.
  • Information contained in the website is not in the nature of professional opinion and would not under any circumstances be equivalent to any profession advice.
  • JKACA assumes no liability for the interpretation and/or use of the information contained on this website, nor does it offer a warranty of any kind, either expressed or implied. JKACA, its affiliates, agents or employees will under no circumstances be liable to you or anyone else for any decision made or action taken in reliance on the information in this site or for any consequential, special or similar damages.