Introduction GST Law contains detailed provisions to carry forward the input tax credit earned by the GST Registered Persons [“Registered Person”] during the period before 1st of July, 2017. Such credit [left out credits] was to be carried forward/claimed in GST Forms Tran-1 and Tran-2 [T1 and T2] to be filled on GST portal ‘before 27.12.2017’. For those GST Registered Per......

District Taxation Bar Association (Direct Taxes), Ludhiana was formed on 29th day of May, 1981 and for more than 41 years, the Bar Association has been serving its Chartered Accountants, Advocates and Income Tax Practitioner members to promote the administration of law and justice and to promote up to date knowledge and study of taxation laws amongst the members by arranging seminars,......

Smt Nirmala Sitharaman ji, The Union Finance Minister, Government of India, New Delhi. Reg: Memorandum on the problems being faced in relation to New Income Tax Portal Honorable Madam, While we are proud of Your Honor as our Union Finance Minister for steering our economy so well even amidst & post-Covid difficult financial situation, we would like to bring to your kind noti......

When a statement recorded under Section 70 under GST  CGST Act, 2017 is Relevant and Admissible? Introduction Subject matter of this write-up is Section 136 of the Central Goods and Services Tax Act, 2017 (Act). This Section pertains to the relevancy and admissibility of statements made and signed in response to the summons issued under section 70 during the course of any inquiry or pr......

There have been certain doubts as to the admissibility of deemed credit of CGST on in-hand stocks of Textiles Cloth (and many other items which are related the genre of Textiles) for those person registered under GST which were not registered under Central Excise except the Manufacturers, i.e. the traders. Background of the Issue Chapter XX of the CGST Act, 2017 is in respect of provis......