१ जुलाई २०१७ से लागू हुए जीएसटी कानून को हमारे देश में अब पाँच वर्ष पुरे हो चुके है ।इन पाँच वर्षों में हमने इसमें ढेरों उतार -चढ़ाव देखे है । यह कानून सिर्फ एक ‘कर सुधार’ कानून ना रहकर अब ‘व्यापार सुधार’ कानून का रूप ले चूका है ।अब करदाताओं का मानस बदल गया …
by CA Manoj Nahata 
TAXATION UNDER INCOME TAX & GST WITH SOME KEY ISSUES Joint Development Arrangement (JDA) has always been a bone of contention between the assessee and the tax department. The dispute lies in measuring the correct amount of tax both under Direct and Indirect Taxes. Hence it has always been an area of litigation. But inspite …
by CA Manoj Nahata 
GST law is implemented in our Country with effect from 01.07.2017. It is now five years have been completed since the introduction of this new law. In these five years we have seen many ups and downs in this law. Rather it would not be incorrect to say that this law is now more popularly …
by CA Manoj Nahata 
जीएसटी कानून हमारे देश मे लागू हुए अब लगभग साढ़े चार साल हो चुके है। इस दौरान हमने इस कानून मे कई बदलाव देखे है।सरकार निरंतर नित नए सर्कुलर, अधिसूचना, इंस्ट्रक्शंस ,प्रेस रिलीजेज जारी करती जा रही है। आज वास्तविक्ता यह है की इन नए सर्कुलर, अधिसूचना, इंस्ट्रक्शंस ,प्रेस रिलीजेज की संख्या कानून की धाराओं …
by CA Manoj Nahata 
Introduction:Doctrine of “Legitimate Expectation” as the name suggest is something which can be reasonably or legitimately expected by someone without having any legal rights attached thereto. There is no statutory definition prescribed for the term ‘Legitimate Expectation’ under any law. Legitimate expectation is the hope or the desire of a person to obtain a favorable …
by CA Manoj Nahata 
The doctrine of “Lex non Cogit Ad impossibilia” is an age-old maxim used globally as a measure of defense in various legal matters. In our Country also various judicial forum has appreciated this maxim from time to time and provided relief. Of late, this concept has been used extensively in the taxation matters as well. …
by CA Manoj Nahata 
Recently, there are some advance rulings issued under GST whereby an opinion was formed that Interest income of pure personal nature is ‘supply’ under GST. The AAR Gujrat in case of Shree Sawai Manoharlal Rathi [Advance Ruling No. GUJ/GAAR/R/2020/10, Dated: 19th May, 2020] has held that Interest received from PPF, Interest received from Personal loans …
by CA Manoj Nahata 
GST was said to be the biggest game changer for the Indian Economy. After implementation of this law, we have seen many ups and down in the Economy which inter-alia include changes in GST as well. The present economic position of the Country is on doldrums. The same is quite apparent and the Hon’ble FM …
by CA Manoj Nahata 
The next GST Council meeting is scheduled to be held on 12.06.2020 through video conferencing mode. This is the first meeting post COVID-19 lockdown in the Country. Though Govt. has tried to give various reliefs in the month of April & May’2020 through Ordinance, Notifications & Circulars but the same seems to be meager in …
by CA Manoj Nahata 
1. Whether second hand gold jewellery purchased from unregistered person can be valued as per marginal scheme under GST? Held: Yes In the case of M/s Attica Gold Pvt Ltd.-AAR Karnataka, the applicant is in the business of sale of used (second hand) goods. He purchased used gold jewellery from unregistered persons and sells them …
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