GSTPAM News Bulletin January 2025

GST MVAT & ALLIED LAW UPDATES

 

Compiled by

Adv. Pravin Shinde

 

Notification under Central Tax
Circular No	Date of Issue	Subject
30/2024-Central Tax	10/11/2024	Seeks to extend the due date for furnishing FORM GSTR-3B for the month of October, 2024 for registered persons whose principal place of business is in the district of Murshidabad in the state of West Bengal.
31/2024-Central Tax	13.12.2024	Seeks to appoint common adjudicating authority for Show cause notices issued by officers of DGGI

 

Circular under CGST Act
Circular No	Date of Issue	Subject
240/34/2024-GST	31/12/2024	Clarification in respect of input tax credit availed by electronic commerce operators where services specified under Section 9(5) of Central Goods and Services Tax Act, 2017 are supplied through their platform
241/34/2024-GST	31/12/2024	Clarification on availability of input tax credit as per clause (b) of sub- section (2) of section 16 of the Central Goods and Services Tax Act, 2017 in respect of goods which have been delivered by the supplier at his place of business under Ex-Works Contract
242/34/2024-GST	31/12/2024	Clarification on place of supply of Online Services supplied by the suppliers of services to unregistered recipients
243/34/2024-GST	31/12/2024	Clarification on various issues pertaining to GST treatment of vouchers

 

VAT and Allied Act Notifications
Notification No	Date of Issue	Subject
No. PWR/2012/6/ADM-8 dt.9th December 2024	09.12.2024	MVAT Powers Delegation to Assistant Commissoner of State Tax (INV), Maharashtra State
No. PWR/2012/4/ADM-8 dt.9th December 2024	09.12.2024	MVAT Powers Delegation to Deputy Commissoner of State Tax (INV), Maharashtra State
L.A. Bill No.XXXII of 2024 18th December 2024. (Marathi)	18.12.2024	Amendments to MVAT Act, 2002. (Section 2 – Clause 22A Clause 24 and Section 37)
L.A. Bill No.XXXII of 2024 18th December 2024. (English)	18.12.2024	Amendments to MVAT Act, 2002. (Section 2 – Clause 22A Clause 24 and Section 37)

 

GIST OF TRIBUNAL JUDGEMENTS (VAT)

 

Compiled by

CA Rupa Gami

 

1. M/s JBL Sacks Pvt. Ltd. in Vat S.A. No. 643-644, 705-706 of 2019 decided on 31/07/2024

   The main issue was regarding classification of the product “Jumbo Bags known as Flexible Intermediate Bulk Container (FIBC). The assessee had classified the product under schedule entry C-81(b) taxable at 5%. The Assessing authority considered it as falling under residual entry E-1 with tax rate 12.5%. The appellant contended that the item fell under the excise tariff code 6305 with description “sacks and bags of a kind used for the packing of goods made from jute and man-made textiles excluding cotton textiles. That the specific entry prevailed over the general entry. The Assessing Officer had formed his opinion on the basis of advance ruling in the case of M/s Golchha Bags. The Hon’ble Tribunal held that even considering the advance ruling the product was rightly classified under Schedule Entry C-81(b) and that specific entry prevailed over the general entry. (Petitioner represented by CA Mayur Gosrani)

2. M/s Reliance Infrastructure Ltd. in Vat Appeal No. 91 of 2019 and 29 of 2023 decided on 31/07/2024

   The main contractor had assigned 100% of the contract to sub-contractor and the sub-contractor had paid the tax and issued Form 407 and 408. In review by the reviewing authority, the assessee was levied tax on the margin amount that it received from the contractee. It was contended by the appellant that when 100% of the contract was assigned to the sub-contractor, considering the judgement in the case of Larsen and Toubro, it is only on transfer of property in goods by the sub-contractor, that tax is payable. The revenue relied on the judgement of the Tribunal in the case of Zangas KPTL Consortium dated 05/07/2016 not realising that the same matter was challenged in the High Court and the matter was remanded and the same was decided by the Tribunal in its order dated 21/11/2021 in favour of the assessee. The appeal was allowed. (Petitioner represented by Adv. Prakash Shah)

3. M/s Pragati Construction Corporation in Vat S.A. No. 224-225 of 2019 decided on 29/07/2024

   The appellants are builders and developers and had sold flats during the period 2007-2010. The agreements for sale were entered into before the Occupation Certificate was received for those flats. The OC was obtained in the year 2010. The dealer had made an application for OC on 19/02/2007 based on the completion certificate provided by the chartered engineer and architect. Thereafter the BMC had not raised any objections and the OC was received on 16/01/2010. The dealer contended that since the project was complete and application for OC was made at the time of agreement for sale of flat, it was tantamount to sale after OC. The Tribunal did not accept the contention of the assessee and relied on the Apex Court judgement in the case of VVF (India) Limited in (2022) 13 Supreme Court Cases 644 whereby the law has to be interpreted strictly. The Tribunal dismissed the appeal.

   (Petitioner represented by CA Sujata Rangnekar)

4. M/s VSR Electrical and Instrument Co. in Vat S.A. No. 227 of 2019 decided on 29/07/2024

   The appellant was assessed under Section 23(5) of the MVAT Act resulting into dues without adjusting the carry forward refund of the earlier period. On adjustment of demand with carry forward refund, there would be a net refund due to the assessee. The Assessing Officer rejected the request for adjustment of carry forward of refund on the ground that there was no such provision in the Act or Rules. The appellant prayed that carry forward of refund be adjusted as per the Circular 41T of 2019. According to the DR, with the Supreme Court judgement in the case of Tirumala Constructions, the Court has held that Maharashtra legislation cease to have power to amend sections under MVAT Act from 01.07.2017. The Tribunal held that since the Circular was not withdrawn, the benefit could be given and thus apply the Circular to the extent to which demand was raised. However, no refund would be granted.

   (Petitioner represented by STP Shri A.N. Mehta)

5. M/s Seva Automotive Pvt. Ltd. in Vat S.A. No. 342 of 2022 decided on 03/07/2024

   The appellant was carrying on the business of buying and selling of motor vehicles, its spare parts, consumables and accessories thereof manufactured by M/s Maruti Suzuki India Ltd. The appellant was also providing services for getting registration under Motor Vehicles Act to the customers as well as providing services in order to insure the vehicle in the name of individual customer for which the appellant was collecting Road Transport Charges and Motor Vehicle insurance charges. The Assessing Officer added these charges to the turnover to levy tax on the basis of advance Ruling in the case of M/s B.U. Bhandari Pvt. Ltd. dated 20/06/2019. The appellant contended that the Advance Ruling would not apply as the facts were different and that the Bombay High court judgement in the case of M/s Sehgal Autoriders Pvt. Ltd. in 43 VST 398 would apply. The Tribunal held that on the basis of Pune Bench judgement in the case of M/s M. U. Bhandari Auto Pvt. Ltd. (Vat Appeal No. 02 of 2018 dated 06/03/2023, it was observed that these charges do not form part of the turnover and sale price. The ratio of Sehgal Autoriders would apply. The appeal was allowed. (Petitioner represented by Adv. N. V. Tapare)

 

“If you want to achieve greatness stop asking for permission.”

— Anonymous

 

INCOME TAX UPDATES

 

Compiled by 

By Adv. Ajay Talreja

 

Delay Condonation for Filing Forms 10-IC & 10-ID: CBDT Circular

Central Board of Direct Taxes (CBDT) issued Circular No. 17/2024 on November 18, 2024, addressing the condonation of delays in filing Forms 10-IC and 10-ID for Assessment Years (AYs) 2020-21, 2021-22, and 2022-23 under Section 119(2)(b) of the Income-tax Act, 1961. These forms are required for exercising tax options under Sections 115BAA and 115BAB of the Act. The circular authorizes Principal Commissioners of Income Tax (Pr. CsIT) to handle delay cases of up to 365 days and Principal Chief Commissioners of Income Tax (Pr. CCsIT) for delays exceeding 365 days. The decision to condone delays depends on specific criteria, including timely income tax return filing, appropriate tax option selection in the ITR-6 form, and proof of genuine hardship preventing timely filing. Applications must be submitted within three years from the end of the relevant AY, with a resolution target of six months from the application receipt. This delegation of powers applies to pending and new applications filed after the circular’s issuance.

Case Name : Kshetrapal Gold Private Limited Vs ITO (ITAT Ahmedabad)

Appeal Number : ITA No. 105/Ahd/2024

Date of Judgement/Order : 22/10/2024

Related Assessment Year : 2017-18

ITAT Ahmedabad held that rejection of books of accounts without pointing out any discrepancy and defects in the same is unjustified. Thus, act of AO rejecting the books of accounts is set aside. Facts- The assessee is a company engaged in the business of selling gold ornaments. During the impugned year, noting the fact that the assessee had deposited cash during demonetization period from 8th November 2016 to 30th December 2016 of Rs.4,12,67,000/-, the case of the assessee was selected for scrutiny under Computer Assisted Scrutiny Selection (CASS). AO rejected the books of accounts of the assessee noting huge anomaly and differences in the financial figures of sales and cash in hand available with the assessee in the impugned year as compared to in the preceding year; finding abnormal increase in cash sale made by the assessee just prior to demonetization, which cash he found was shown as deposited in the bank account of the assessee, and the cash deposits thus justified as representing the cash collected from sales made by the assessee. After rejecting the books of accounts of the assessee, AO went on to treat the entire cash deposits in the bank account of the assessee of Rs.4,12,67,000/- as from unexplained sources u/s 68 of the Act. CIT(A) upheld the action of AO. Being aggrieved, the present appeal is filed.

Conclusion- Hon’ble High Court of Gujarat in the case of CIT Vs. Vikram Plastics [1999] 239 ITR 161 (Guj.) clearly holds that for the purpose of rejecting the books of accounts of the assessee, discrepancies and defects in the same need to be pointed out. Held that no discrepancy in the books of accounts maintained by the assessee was pointed out before rejecting the books of accounts, and since it is settled law that the rejection of books of accounts

can take place only when the books are found to be maintained in such a manner that true profits cannot be ascertained therefrom, for which it is necessary for the Revenue Authorities to pinpoint the defects in the maintenance of the same.

Case Name : Knowell Realtors (India) Pvt Ltd Vs ACIT (Kerala High Court)

Appeal Number : I.T.A. No. 38 of 2023

Date of Judgement/Order : 19/11/2024

Related Assessment Year : 2012-13

Kerala High Court held that as rental income of property already treated under the head ‘income from house property’, the sale of said property to be assessed under the head ‘capital gains’ and not as ‘business income’ since there is no change in any circumstance. Facts- The appellant is a company. The issue involved in these appeals is regarding the head of income under which the receipts of rent collected by the appellant in relation to leased property should be classified for the purposes of the Income Tax Act. The said classification has a bearing on the treatment to be accorded to the receipts obtained by the appellant consequent to the sale of some of the said properties. The appellant had been declaring the receipts as Income from House Property during the various assessment years, and the returns so filed by the appellants were accepted by the Department in the past. For the assessment years 2012-13 and 2015-16 however, the Department took a different stand and assessed the rental receipts under the head ‘Business Income’. Consequently, the amounts received by the appellant on the sale of the property also came to be assessed as business income and not as capital gains as declared by the appellant.

Conclusion- Held that the requirement of ensuring uniformity and consistency in tax assessments cannot be overlooked, especially while categorizing the nature of the activity carried on by an assessee to earn its income for the purposes of taxation. In these appeals we are concerned with an assessee who has been consistently seen as deriving income from letting out house property owned by it. It is on that basis that it has been assessed in all the assessment years prior to, and subsequent to, the assessment years under consideration in these appeals. Merely for the reason that in the said assessment years, the assessee effected a sale of some of its properties, it cannot be seen as having embarked upon a business of buying and selling properties in those years, even if it was authorized to do such business as per its Memorandum of Association. The sale of properties by the assessee in the two years under consideration in these appeals must be seen as merely incidental to the activity of letting out of properties for rent carried out by it in the years prior and subsequent to the said two years. The said sale transactions cannot have the effect of changing the very nature of the income earning activity consistently carried on by the assessee, and accepted by the Department. Thus, we are of the view that the income derived by the assessee, from the sale of properties owned by it, during the two years under consideration in these appeals, can only be assessed under the head of ‘capital gains’ and not as ‘business income’.

PAN 2.0: Streamlining Taxpayer Services with Digital Integration

Summary: The Indian government, under its Vision Bharat 2047, has launched the PAN 2.0 project to streamline and modernize the Permanent Account Number (PAN) system. This initiative aims to enhance tax compliance, improve governance, and ease business operations through digitalization. The project, approved by the Cabinet Committee on Economic Affairs (CCEA), will integrate multiple platforms, including the e-filing portal, UTIITSL Portal, and Protean e-gov portal, into a single, unified solution. This will provide users with a one-stop platform for

services such as applications, updates, corrections, Aadhar-PAN linking, and online PAN validation. The focus is on reducing paperwork by implementing eco-friendly, paperless processes while ensuring enhanced security for personal data through a PAN Data Vault. Additionally, the PAN will be issued free of cost with faster processing times. A dedicated helpdesk will be available to address user queries. The project aims to make the PAN system more accessible, efficient, and secure, aligning with the government’s broader vision of digital transformation in the Public Sector.

Taxability of Leave Encashment at the Time of Retirement

Summary: The taxability of benefits received at retirement, such as leave encashment, gratuity, and voluntary retirement payouts, varies under the Income Tax Act, 1961. Gratuities are exempt for Central or State Government employees and members of Defense services under Section 10(10). Private sector employees may also claim partial exemptions, subject to limits such asT 20,00,000 for gratuities. Encashment of unutilized earned leave at retirement is fully exempt for government employees under Section 10(10AA). For others, the exemption is capped at specific conditions, including a maximum period of 10 months’ leave encashment or T25,00,000 for retirements after April 1, 2023. Voluntary retirement payments under Section 10(10C) are tax-exempt up to T 5,00,000 if made per prescribed schemes. Employees must meet conditions like service duration and limits on leave encashment to avail these exemptions. For

example, if an individual receives T12,00,000 as leave encashment but the maximum exempt limit is T10,00,000, the remaining

T 2,00,000 is taxable. Proper adherence to limits and rules ensures compliance and maximization of tax benefits.

Taxbility Of Leave Encashment At The Time Of Retirement

Any employee retired from his job, many benefits are received by him like Gratuity, Leave encashment, amount received on Voluntary Retirement etc., whether it is taxable or exempt or partly taxable and partly exempt? Gratuities: Gratuities received by an employees under different categories of are exempt from tax to the extent mentioned below: Death-cum-retirement gratuity: This type of gratuity received by the employees of Central or State Governments, local authorities or members of the Defence services are totally exempt from tax under section 10(10) of the Income tax, Act and should not, be included in the salary income.

Gratuity received under the Payment of Gratuity Act, 1972: Such amount of gratuity is exempt, to the extent it does not exceed the amount in accordance with the provisions of sub sections(2) & (3) of section 4 of the Payment of Gratuity Act, 1972, as provided in section 10(10)(ii) of the Income Tax Act, 1961. Gratuity exempt from tax is accordingly to be calculated. The extent of exemption for gratuity for the purposes of Income Tax is as under: (a) for every completed year of service or part thereof in excess of six months, based on the rate of wages last drawn by the employee, 15 days wages (b) the amount of gratuity payable to an employee subject to a maximum of Rs. 20,00,000 Gratuity received by employees of Private Sector and Statutory Corporations: This will be applicable to the employees not covered under any two of the above. Gratuity received on retirement, death of the employee or termination of employment as exempt under section 10(10)(iii) of the Income Tax Act, to the extent mention below. Gratuity not exceeding one and half month salary for each year of completed service calculated on the basis of average salary for 10 months immediately preceding the month in which any such event occurs subject to such limit as may be notified by the Central Government, at present such limit is of Rs. 20,00,000

Encashment of unutilized earned leave by retiring employees: Section 10(10AA) Cash equivalent of leave salary received at the time of retirement whether on superannuation or otherwise is wholly exempt in the case of Central or State Government employees. For others: Cash equivalent of leave salary received at the time of retirement

whether on superannuation or otherwise is exempt subject to certain conditions and limits explained as under:

1. Earned leave entitlement must not exceed 30 days for every year of actual service rendered by him as an employee of the employer from whose service he has retired.

2. Earned leave so encased must not be for more than 10 months.

3. Leave salary must be based on average salary drawn by the employee during ten months immediately preceding his retirement.

4. The sum so payable shall not exceed Rs.25,00,000, where the employee retire after 1st April,2023, before that it was Rs.3,00,000.

5. Even if non – Government employee have received the sum from different employers in different or in the same previous year, the celling limit stated in (4) above will be applied on all such payments put together if such payment received earlier had not been taxed.

Example: Mr. Atul Shah an employee of M/S A & Co. limited, at the time of retirement was paid Rs.10,00,000 as cash equivalent of earned leave to his credit. He retired on 31st January, 2024. His monthly salary at the time of retirement was Rs 1,00,000. He was drawing this sum from March, 2023 onwards. The earned leave to his credit at the rate of retirement was 12 months. The company allows earned leave at the rate of one month (30Days) for every year of actual service. Average Salary for preceding 10 months Rs.1,00,000 Maximum period of leave that can be encased 10 months (a) Leave salary admissible : Rs.10,00,000 (b) Maximum exemption permissible: Rs.25,00,000 Loweris Rs.10,00,000 qualifies for exemption Rs.10,00,000 So whatever Mr. Atul received is fully exempt. If Mr. Atul has received Rs. 12,00,000 as leave encasement, Rs. 2,00,000 will be added to his salary income.

Voluntary retirement: Section 10(10C) Any amount received or receivable by an employee on his voluntary retirement in accordance with any scheme or schemes of voluntary retirement or in the case of a public sector company a voluntary separation is exempt to the extent such amount does not exceed Rs. 5,00,000.

Interim Relief for Claiming 87A Rebate AY 2024-25

1. Interim Relief for Claiming 87A Rebate AY 2024-25 1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed CBDT to issue the requisite notification and extend the deadline for the revised and belated ITR filing date till 15/01/2025.

2. This deadline is being extended for those taxpayers who are eligible to claim Rebate U/S 87A . A resident

   individual whose income does not exceed Rs. 7,00,000 in the new regime and Rs. 5,00,000 in the old regime are eligible for Rebate u/s 87A.income

3. The benefit of Rebate U/S 87A can be availed for various special rate incomes, including short-term capital gains on equity shares or equity oriented mutual funds taxable at 15% under Section 111A.

4. A peculiar situation happened on July 5, 2024. Until 4th July 2024, Income Tax Utility correctly calculated the amount of rebate. However, an update to the Income Tax Utility on 5th July 2024 prevented new regime taxpayers from claiming rebate under 87A from Short Term or Long Term Capital Gain.

5. The modification of the utility for Assessment Year 2024-2025 midway through the assessment year has caused undue hardship to taxpayers, particularly those relying on the rebate under Section 87A,

6. The situation was not better even for taxpayers who filed ITR before 5th July 2024 . Once the ITR filing deadline was over, the tax department started sending defective notices under section 139(9) to taxpayers who claimed a rebate under 87A. A defective notice would mean that the original ITR will get accepted only if the defect is cured. Owing to this, the taxpayers were indirectly forced to give up on the claim of 87A and pay the difference amount of tax.

7. All over the country, taxpayers approached the courts in the hope of justice. The Chamber of Tax Consultants filed Public Interest Litigation (PIL). The Chamber of Tax Consultants argued before the Bombay High Court that the primary problem was the tax department modifying the logic of its own ITR filing utility software for AY 2024-25 (FY 2023-24) midway through the assessment year.

8. The Income Tax Department answering the allegations claimed that the modifications were required to align with the legal needs and avert the peculiarities in rebate claims.

9. But this reasoning has been dismissed by the court, saying that procedural amendments must not override the substantive rights granted through legislation. The principle behind Section 87A has always been to ensure that taxpayers in lower-income brackets are not burdened unduly, and the arbitrary disabling of the rebate through the modification of utility software undermines this legislative intent,

10. Now, thanks to Bombay High Court Judgement, taxpayers who filed an ITR by forgoing 87A in response to the defective notice can now file a revised ITR claiming the tax rebate under section 87A before the extended due date of 15th January 2025.

11. The issue still is not resolved for those taxpayers who took no action after getting the defective ITR notice to claim section 87A rebate. These taxpayers as of now seem to have only option of filing a belated ITR, the same as those who did not file any ITR, but they may be disadvantaged as they may have to forgo certain deductions and losses.

12. The High Court also directed in this interim order, that all taxpayers should be given the opportunity to exercise their rights without procedural impediments. A notification to this effect from CBDT is expected, and it is hoped that it brings some procedural clarity in such cases where the returns are invalidated as no response was filed to defective notices.”

13. This is only an interim relief as the final judgement will be pronounced on January 9, 2025. The court will analyse the wider implications of software changes and their impact on the rights of the taxpayer.

14. The decision of HC is a welcome step and relief to Tax Payers. Also, the extended date of 15th January will help in smooth filing of revised returns.

15. However, the CBDT has yet to release any official order on the extension of the deadline to file rebates under Section 87A. In light of the HC Judgement, the Income Tax Department is expected to bring a Notification soon.

“To live a creative life, we must lose our fear of being wrong.”

— Anonymous

 

TAX SAVING SCHEME

 

Compiled by 

By Mr. Tushar P. Joshi

We are in the last quarter of the financial year 2023-2024. Those who have still not planned for their tax planning are having only last 3 months left for the same. If is advisable always to plan in advance rather than keeping it pending till last day.

I am highlighting few of the schemes where one can invest as per their risk apatite and the liquidity available.

1. Public Provident fund:- This is one of the most popular, Option since decades. Ideally it is advisable to invest in the 1st week i.e. before 5th of April if you are investing full amount of Rs. 1, 50, 000/-. This will generate tax free interest for the full twelve months @ 7.1%. But the tenure of the scheme is for 15 yrs. which one should know before investing. No doubt it is better option than bank FD’s.

2. National Saving Scheme and Tax Saving FD’S:- NSC Scheme by post office which generate interest @7.7% per annum. The interest earned will also be available for deduction in the following years. Tax saving fixed Deposits may be attractive looking to the interest offered but yield will be reduced as the interest is totally taxable. So if person is in 30% Bracket slab the returns will be hardly 5%.

3. Senior Citizen Saving Scheme:- This is the best scheme for the senior citizen’s above 60 years; The rate of interest offered is @ 8.2%. There is a limit of maximum 30 lakh per individual. But the Interest earned on the same is fully taxable i.e. added in the total income.

4. Sukanya Samriddhi Yojana:- the above scheme is available only to the parents having girl child below 10 yrs. The minimum amount one can invest is Rs. 1000 & The Maximum amount can be invested is up to 1, 50, 000/-. The rate of interest earned on it is @8.2% which is tax-free. The account has to be opened in the name of girl child only and the maturity amount should be used for her Education/Marriage only. There is also cap of maximum for two daughters only account can be opened.

5. National Pension Scheme:- In the above scheme person can invest additional 50,000/- under sec. 80 C C D (1B) over and above 1, 50, 000/- normal limit under Sec. 80 C. The money can be invested in different funds like. Equity Funds, Guilt Fund, Corporate Bonds Fund or Alternative Investment Funds. The investor has the option to switch Four times a year without any tax implications.

In every policy there is a prescribed list of treatment for which no claim will be entertain for e.g. Any cosmetic surgery.

6. ELSS Funds:- The equity linked saving scheme is also one of the options to save the tax but also generates good returns. It is not necessary that all ELSS carry the same risk. It depends on the portfolio which you select.

The volatility is high in this scheme. As it depends on the percentage of investment in Mid Cap, Small Cap or Large Cap fund by the portfolio management fund schemes. The long term tax is applicable for the same @ 12.5%.

7. Life Insurance Policy:- In all above schemes mentioned earlier one will have to invest in Lakhs & get returns in Thousands. But in LIC you invest in thousand but generate the property/Estate of Lakhs & Crores.

The amount of investment will depends on the need of the family. Ideally one should cover the bread earner to protect to the extent of day to day need of the family.

 

“Good things come to people who wait, but better things come to those who go out and get them.”

— Anonymous

 

CIRCULAR FOR RENEWAL OF MEMBERSHIP/SUBSCRIPTION CHARGES FOR THE F.Y. 2024-25

Dear Members,

RENEWAL OF MEMBERSHIP FOR F.Y. 2024-25

The Membership Fees for the year 2024-25 are due for renewal on 01.04.2024. We appreciate your Continuing support and participation in the activities of our Association.

The timely Renewal of Membership will enable the members to continuously receive the updates on various activities of GSTPAM along with the GSTReview, News Bulletin, Circulars, Messages, Webinars and online access to the website www.gstpam.org. The Life Members only need to renew the subscription charges for the GST Review. The members can also avail the benefit of discount by paying advance for subsequent two years membership fees /subscriptioncharges.

The Membership Renewal Fees received after 30thApril, 2024 will be subject to approval of the Managing Committee. If the Renewal fees for a particular year are not paid, then the member is liable to pay Admission Fees again for Renewal in the subsequent year.

Delayed Renewal Members will be provided Pre Renewal GST Review subject to availability upon payment of such additional courier charges.

The details of Membership/Subscription Fees are given below for your ready reference

Type of Membership	Membership Fees incl. GST	Admission Fees Incl.GST	Subscription Charges for GST Review	Total
New Membership Application
Donor Member	24,780.00		600.00	25,380.00
Patron Member	17,700.00		600.00	18,300.00
Life Member	11,800.00	944.00	600.00	13,344.00
Life Member (Conversion from Ordinary)	11,800.00	590.00	600.00	12,990.00
Ordinary Local Member	1,770.00	590.00		2,365.00
Ordinary Outstation Member	1,475.00	590.00		2,065.00
Student Member	590.00	590.00		1,180.00

New Membership Application (Firm/LLP)

Ordinary Local Member	1,770.00	944.00	0	2,174.00
Ordinary Outstation Member	1,475.00	944.00	0	2,419.00
Patron Member	17,700.00	0	600.00	18,300.00
Donor Member	24,780.00	0	600.00	25,380.00

Advance Membership/ Subscription charges for subsequent two years 2025-26& 2026-27 (Non-Refundable)

Ordinary Local Member	3,186.00			3,186.00
Ordinary Outstation Member	2,665.00			2,665.00
Life Member (Individual/Firm/LLP)	0		1200.00	1,200.00
Patron Member	0		1200.00	1,200.00
Donor Member	0		1200.00	1,200.00

 Subscription for GST Review For F.Y. 2024-25 by Non-Members

Subscription fees for GSTR

1000.00

1,000.00

Advance Membership / Subscription charges for subsequent two years 2025-26& 2026-27 (Non-Refundable)

Subscription Fees -GSTR

0

2000.00 2,000.00

 

Modes of Payment:-

 

Cheque	A/c Payee Cheque drawn in favor of “The Goods & Services Tax Practitioners’ Association of Maharashtra”payable at Mumbai.
NEFT Details	The Goods & Services Tax Practitioners’ Association of Maharashtra Bank of India, Mazgaon Branch Current Account No. 007020100001816, IFSC Code – BKID0000070.Online generated transaction Acknowledgement should be sent by email on [email protected] along with membership and payment details Members are requested to send their physical form to the association for Approval, Issuance and Office record.
Cash	Renewal form along with requisite amount will be accepted between 10.30 a.m. and 5.30 p.m. on all working days except Saturday at our Office at Mazgaon Library – Mazgoan: 1stFloor, 104, GST Bhavan, Mazgaon, Mumbai – 400 010 Or Bandra Library – GST Bhavan, Ground Floor, A Wing, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. Or Mazgaon Tower-8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai – 400 010.
Identity (New Members)	New Members should provide the following as Identity Proof : PAN, Aadhar Card, Constitution Document. Address Proof(any one) : Electricity Bill / Passport/ Aadhar Card / Driving License/ Voter id/ Ration Card along with Membership Form
Identity Card (For Renewals)	Ordinary Local/Outstation Members should provide Two Photographs along with the Renewal Form for issue of I- cards.
Online Payment Link

We value your continuation of the membership and look forward to your renewal to this effect.

 

Dated:- 19.07.2024

Jatin Chheda

Rahul Thakar

Hon. Jt.Secretary

 

 

Guidance Cell Email ID for queries

Members can send their queries at [email protected]

 

 

 

THE GOODS & SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA

INTENSIVE STUDY COURSE CIRCULAR FOR THE YEAR 2024-25

 

In the rapidly changing field of Goods & Services Tax (GST), where new updates, amendments, notifications and circulars are a constant, staying informed is essential. The complexity of GST requires the tax professionals to continually refresh and deepen our understanding to apply the law effectively.

Our association’s Intensive Study Circle is an esteemed platform designed to help members navigate these challenges. Through in-depth discussions and interactive sessions, participants gain critical insights and practical knowledge that are indispensable in today’s dynamic professional landscape.

We are excited to launch the 2024-25 session on Wednesday, September 4, 2024. We invite you to join this highly anticipated event, where we will explore various facets of GST law, sharing expertise and practical solutions to real- world issues.

The intensive study circle is designed for maximum interaction wherein, a participant member can opt for or an expert speaker acts as a group leader and leads the discussion on the latest issues arising out of the assigned topic and some of the top eminent faculty and senior in the profession acts as a monitor and guide through out the duration of the session. The meetings will be generally arranged on 1st, 3rd or 5th Friday of the month, during 04.30 p.m. to 7.00 p.m. on virtual mode. There are around 15 meetings in the Intensive Study Circle.

The inaugural meeting of the Intensive Study Circle shall be held on Wednesday, 04-09-2024 between 04.30 p.m. to 7.00 p.m. Virtual mode on the subject “ISD (Input Service Distribution) vs CC (Cross Charge). ISD Mechanism made compulsory from 1 Apr 2025 under GST – Indepth Analysis”. The topic will be lead by Adv. Monarch Bhatt under the Chairmanship of CA Vikram Mehta. Please note all other sessions will be carried out on virtual platform. The Intensive Study Circle Meeting Fee is fixed at Rs. 1,650/- including GST for Members and 1850/- including GST for Non members. You are requested to enroll at the earliest to avoid disappointment. Kindly use photocopy of the Enrolment form printed here in below. Also write your email address and mobile number for better communication.

Member interested to act as group leader should inform by filling up the option in the Form of “I wish to be a group leader for the subject” and are requested to contact the Convenor/s on Cell No. 98211 21433 /9224386682/9821441740/9892512345

Note:
1. GST lectures will be in form of group discussion, which will be helpful to study the new law.
2. If the materials are received 3 days earlier to the date of meeting, the same will be circulated through mails to the participants.
3. Participants are requested to discuss only the points related to the particular topic of the meeting and to come prepared for the subject, which will be helpful for the discussion.

Mahesh Madkholkar President

Deepak Thakkar Chairman

Dilip Nathani Convenor 9821121433

Hiral Shah Jt. Convenors 9224386682

Sanjay Gajra Jt. Convenors 9821441740

Sujoy Mehta 9892512345

 

 

ENROLMENT FORM FOR INTENSIVE STUDY CIRCLE MEETINGS FOR THE YEAR 2024- 25

 

 ENROLMENT FORM FOR INTENSIVE STUDY CIRCLE MEETINGS FOR THE YEAR 2024- 25

 

To,
Convener,
Intensive Study Course
The GSTPAM, Mazgaon, Mumbai – 400 010.

Dear Sir,
Please enroll me as a participant for the Intensive Study Course for the year 2024-25. The Registration fees of Rs. 1,650/- (for members) and Rs. 1,850/- (for non-members) 18% Including GST is enclosed herewith by Cash/DD/Cheque No.______________________ dated ______________________ drawn on ______________________

Particulars of Member/Participant

Signature: ______________________

 

 

CIRCULAR FOR 49th RRC AT GOA 2024-25

 

49th RESIDENTIAL REFRESHER COURSE

Hotel Park Regis, At Goa

Thursday 6th March,2025 to Sunday 9th March,2025

 

The Residential Refresher Course Committee is pleased to announce its 49th Residential Refresher Course (RRC) on GST at Goa, the Jewel of Natural Beauty in the Western India. Goa known for its Beautiful Beaches, Green hinterlands, the Western Ghats as well as wild life sanctuaries and rivers.

The object of RRC is to share the essence of professional experience and expertise of the faculties they have gained over the years and where members can study in afresh atmosphere and rejuvenate.

We wish the Susegad stay in Goa, means quiet, peaceful, joyous stay to all our delegates. The Susegad is feeling the satisfaction of sitting back and enjoying a relaxed laid-back attitude towards life.

Dates: Thursday 6th March, 2025 to Sunday 9th March, 2025.

Venue: Park Regis, Goa, Village Arpora, Tal. Bardez, North Goa – 403516

The RRC includes 3 Nights – 4 Days accommodation on double occupancy basis and the course material. The Package will start from Lunch on 6th March, 2025 and end with breakfast on 9th March, 2025. The Topics, enrollment Fees are as follows :

 

1st Technical Session	Brains’ Trust Session	Trustees	Chairman
	Brains’ Queries from participants (received in advance st, before 31 January 2025)	CA Ashit Shah, Adv. Dinesh Tambde, CA Pranav Kapadia, CA Rajat Talati. CA Janak Vaghani, CA Roopa Gami	Adv. Vinayak Patkar.

 

1 st Technical Session	GST Intricacies in Infrastructure and construction contracts	Paper Writer	Chairman
Paper I	Definitions, Important concepts with various nature of contracts and Time of Supply.	CA Manish Gadia	CA Deepak Thakkar.
Paper II	Operational difficulties and ensuring free flow of input tax credit.	CA Aditya Seema Pradeep.	CA Mayur Parekh.
Paper III	Retention money and related issues, E-invoice, Revision of bills, E way Bill and GST TDS issues.	Adv. Shripad Bedarkar.	Adv. Milind Bhonde

 

 

3 rd Technical Session	Penalties – Before, During and After Assessment proceedings under GST	Paper Writer	Chairman
Paper I	“Mens-rea”, Precaution before the levy and initiation of penalty, Power of officer on quantum of Penalty.	CA Vishal Poddar	Adv. Nikita Badheka
Paper II	Penalty proceedings and burden to prove “mens-rea”. Penalty under which sections Whether S.74 or S. 75 or S.122 or S.123 or S. 125 ???	CA Chaitanya Vaidya	Adv. C. B. Thakar
Paper III	Defending the penalty proceedings especially in light of provisions of S. 126 and 128 of the GST Law.	CA Girish Kulkarni	Adv. Deepak Bapat

 

 

3 rd Technical Session	Brains’ Trust Session	Trustees	Chairman
	Brains’ Queries from participants (received in advance before 31st, January 2025)	CA Ashit Shah, Adv. Dinesh Tambde, CA Pranav Kapadia, CA Rajat Talati. CA Janak Vaghani, CA Roopa Gami	Adv. Vinayak Patkar.

 

Sr.no	Enrollment Fees	Amount	GST18%	Total
DELEGATE FEES FOR MEMBERS
1	Fees Paid on or Be fore 15/12/2024	Rs.20,000/-	Rs.3,600/-	Rs.23,600/-
2	Fees Paid After 15/12/2024	Rs.22,500/-	Rs.4,050/-	Rs.26,550/-
3	Child rates (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-
DELEGATE FEES FOR NON–MEMBERS
4	Fees Paid on or Be fore 15/12/2024	Rs.22,500/-	Rs.4,050/-	Rs.26,550/-
5	Fees Paid After 15/12/2024	Rs.25,000/-	Rs.4,500/-	Rs.29,500/-
6	Child rates (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-

Notes:-
1) In case of cancellation, the refund will be at the discretion of the RRC Committee, the same shall be refunded after completion of event.
2) Hotel Check-in Time is 03.00 PM, and Check out Time is 11.00 AM. Early Check-In and Late Checkout will be subject to availability.
3) Delegates joining late or leaving early in RRC should inform the Convenor / Office Bearers well in advance.
4) All delegates are requested to carry their AADHAR, Driving License, Election Card, and Passport for Photo & Address identification (Any Two) for Train or Air Travel. In addition, members are requested to send a Xerox copy of his/her photo ID with address proof along with Enrollment Form.
5) Delegates are advised to carry their medical kit with them.
6) Room Service and items other than provided for in the Hotel package will have to be paid Directly in Cash separately by the Delegates to the hotel.
7) Tea/Coffee makers are placed for consumption in all the rooms.
8) Delegates are strictly requested to deposit room keys at the reception counter on leaving.
9) Members are requested to keep their Identity Cards Compulsory during all Sightseeing programs.
10) Allotment of Room shall be at the sole discretion of the RRC Committee only. Any changes required in the program will be at the sole discretion of the RRC Committee.
11) Members who enroll for RRC have to renew their Membership for the year 2024-25 before registering for the event; otherwise, they will be treated as Non-Member.

We Wish You All a Good Time in Study at RRC
The Goods & Services Tax Practitioners’ Association of Maharashtra

 

Mahesh Madkholkar President 9820075966

Sachin Gandhi Chairman 9821482020

Sunil Joshi Convenor 9821540031

Ashwin Shivnani  Jt. Convenors 9224386682

Kinchit Shah Jt. Convenors 9819897488

 

 

We wish the Susegad stay in Goa, means quiet, peaceful, joyous stay to all our delegates. The Susegad is feeling the satisfaction of sitting back and enjoying a relaxed laid-back attitude towards life.

 

Dates: Thursday 6th March, 2025 to Sunday 9th March, 2025.

 

Venue: Park Regis, Goa, Village Arpora, Tal. Bardez, North Goa – 403516

The RRC includes 3 Nights – 4 Days accommodation on double occupancy basis and the course material. The Package will start from Lunch on 6th March, 2025 and end with breakfast on 9th March, 2025. The Topics, enrollment Fees are as follows :

 

 

Suggested Train Details from Mumbai to Goa on 6th March 2025.

From	To	Train Number	NAME	Departure Time	Arrival Time
CSMT	Thivim	22229	MAO Vande Bharat	05.25 am	12.16 pm
CSMT	Thivim	12051	MAO Janshatabdi	05.10 am	13.20 pm

Early check in will be subject to room availability.

Train Details from Goa to Mumbai on 9th March 2025.

From	To	Train Number	NAME	Departure Time	Arrival Time
Madgoan	CSMT	22230	MAO Vande Bharat	14.40 pm	22.25 pm
Madgoan	CSMT	12052	MAO Janshatabdi	15.05 pm	23.55 pm

 

Madgoan	CSMT	22120	CSMT Tejas	15.35 pm	00.20 am
Madgoan	LTT	11100	Madgaon LTT Exp	12.30 pm	23.35 pm
Madgoan	CSMT	10101	Mandovi Exp	09.15 am	21.45 pm

Suggested Flight Details from Mumbai to MOPA (Goa) 6th March, 2025.

From	To	Flight Number	Airline Name	Departure Time	Arrival Time
Mumbai	Manohar International Goa North (MOPA	AI 685	Air India	05.10 am	06.20 am
Mumbai	MOPA	AI 2587	Air India	07.05 am	08.20 am
Mumbai	MOPA	6E 5284	IndiGo	07.35 am	08.45 am
Mumbai	MOPA	6E 2138	IndiGo	08.55 am	10.05 am
Mumbai	Goa-Dabolin	AI 2841	Air India	11.25 am	12.45 pm
Mumbai	Goa-Dabolin	AI 663	Air India	13.25 pm	14.45 pm
Mumbai	Goa-North	QP 1380	Akasa Air	13.45 pm	15.05 pm

Suggested Flight Details from Goa to Mumbai on 9th March, 2025.

From	To	Flight Number	Airline Name	Departure Time	Arrival Time
Manohar International Goa North (MOPA	Mumbai	6E 585	IndiGo	09.15 am	10.40 am
MOPA	Mumbai	6E 2133	IndiGo	10.35 am	12.00 pm
MOPA	Mumbai	QP 1371	Akasa Air	11.10 am	12.25 pm
MOPA	Mumbai	AI 2514	Air India	13.05 pm	14.25 am
Goa-Dabolin	Mumbai	6E 6097	IndiGo	13.05 pm	14.30 pm
Goa-Dabolin	Mumbai	AI 2842	Air India	13.20 pm	14.45 pm
Goa-Dabolin	Mumbai	IX 1679	Air India Express	14.00 pm	15.15 pm

Important Note: Due to Local Taxi Operators’ issue the availability of pick up and drop facility to Hotel Park Regis will be confirmed later.

 

 

ENROLMENT FORM for 49th RESIDENTIAL REFRESHER COURSE At

Hotel Park Regis, Goa

Thursday 6th March, 2025 to Sunday 9th March, 2025.

 

To

The Convenor,

Residential Refresher Course Committee,

The Goods & Services Tax Practitioners’ Association of Maharashtra,

8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road,

Mazgaon, Mumbai – 400 010

 

Dear Sir, 

Kindly enroll me / us as the delegate(s) for the 49th RRC to be held at Hotel Park Regis, Goa between Thursday 6th March 2025 to Sunday 9th March 2025.

*Name …………………………………………………………………………………………………..…………………………….. ( Age:………….yrs.)

*Address ……………………………………………………………………………………………………..…………………………………………

……………………………………………………………………………………………………..…………………………………………………………

*GSTTIN ………………………………………………………………………………………………………………………………………………………

*GSTPAM Membership Number……………………..……………..……………..……………..……………..……………..……………..…

*Telephone:(O)………………..……………..®………………………..……………..……………..……………..……………..……………..…

*E-mail ……………………….…………………………………………….…………………………………………….……………………………………

*Mobile No .……………………….………………………………………….………………………………………….……………………………………

*Food Preference                            Veg        Non-Veg

*Whethere Jain food is required       Yes         No

*If Joining with family, please fill in the following details:

……………………………………………………………………………………………………..

(1) Name of Spouse:………………………………………………………………………………………… ( Age:………….yrs.)

(2) Name of Child / Children: (i) ………………………………………………………………………… ( Age:………….yrs.)

(3) ……………………………………………………………………………….. ( Age:………….yrs.)

Telephone:(O)………………..……………..®………………………..

*My preference of Room Partner (in case of not accompained by a family members)

……………………………………………………………………………………………………..

(Signature)

 

Delegate Fees:

 

The fees include 3 Nights – 4 Days accommodation with the course material. The enrollment Fees are as under:

 

Sr.no	Enrollment Fees	Amount	GST18%	Total
DELEGATE FEES FOR MEMBERS
1	Fees Paid on or Be fore 15/12/2024	Rs.20,000/-	Rs.3,600/-	Rs.23,600/-
2	Fees Paid After 15/12/2024	Rs.22,500/-	Rs.4,050/-	Rs.26,550/-
3	Child rates (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-
DELEGATE FEES FOR NON–MEMBERS
1	Fees Paid on or Be fore 15/12/2024	Rs.22,500/-	Rs.4,050/-	Rs.26,550/-
2	Fees Paid After 15/12/2024	Rs.25,000/-	Rs.4,500/-	Rs.29,500/-
3	Child rates (With Extra Bed) *Age 6-12 years Sharing room with parents	Rs.12,500/-	Rs.2,250/-	Rs.14,750/-

Member means a member of The Goods and Services Tax Practitioners’ Association of Maharashtra along with his/her Spouse and Children only. A member who enrolls for RRC has to renew the Membership for 2024- 2025 before enrolling for the event.

Details of Payment

Cheque/ D.D.No……..………………… Bank……………………..…………………………..…….

Branch…………….……… Dated……………………… NEFT details ….………………………………….

Bank details of GSTPAM are as under:

Bank:- Bank of India

Name:- The Goods & Services Tax Practitioners’ Association of Maharashtra Branch:- Mazgaon, Mumbai

A/c No. :- 007020100001816 – Current A/c IFSC Code :- BKID0000070

Notes:-

1. Acknowledgment generated through online transactions should be emailed to [email protected] along with Enrollment Form and payment details.

2. Online Payment Link: https://www.gstpam.org/online/event-registration.php

3. Please issue the Cheque in favour of ‘‘The Goods & Services Tax Practitioners’ Association of Maharashtra’’ (FULL NAME IS REQUIRED TO BE STATED ON THE CHEQUE AS PER RBI DIRECTION).

4. Please tick/fill in the appropriate boxes.

5. All delegates are requested to attach a xerox copy of his / her photo ID with addressproof.

6. Booking for RRC will be accepted and confirmed only on payment of full delegate fees.

7. Please attach your Travels details with the enrollment form and email to [email protected]

 

 

CIRCULAR FOR INTERNATIONAL STUDY TOUR ESPECIALLY FOR GSTPAM MEMBERS

We would like to invite your kind attention towards the Educational Tour, which is similar to (IRRC) International Residential Refresher Course organized by (The GSTPAM) The Goods & Services Tax Practitioners’ Association of Maharashtra especially for their members. We have now organized an educational tour to BAKU, AZERBAIJAN for 06 Hotel Nights departing on 28th May, 2025 to 03rd June, 2025.

We have arranged for a fully loaded sightseeing itinerary. The theme of the Educational Tour is Come along with your family and let’s Get Ready to Learn, Eat, Relax, Play and Enjoy. We request all the interested members to kindly enrol for the International Study Tour at earliest to avoid disappointment.

Due to limited Flight options the Enrolment is Restricted to first 45 Persons Only. The enrolment shall be confirmed only on the receipt of Non Refundable Deposit Amount of Rs. 25,000/-.

So please enroll at the earliest to avoid disappointment. Once the deposit payment is done, kindly share the payment proof on all the following numbers :

GSTPAM Office : 8452990354 [email protected]

Ashwin Shivnani : 9819897488 [email protected]

Detailed Itinerary of the Tour and other details are available on the GSTPAM Website and is also attached below.

 

Tour Cost for Passengers

Occupancy	Rates Per Adult*
	Early Bird up to 31st January 2025	Post Early Bird From 1st February 2025
Double/Twin Sharing (Members)	USD 760 + INR 43,500	USD 760 + INR 46,000
Double/Twin Sharing (Non Members)	USD 760 + INR 48,500	USD 760 + INR 51,000
Advance Payment with Non Refundable Deposit (Members & Non Members)	25,000	25,000
Balance Payment Before 30th April 2025	Full Payment	Full Payment
Child (2yrs to 12yrs) With Bed	USD 650 + INR 42,000	USD 650 + INR 42,000
Child (2yrs to 12yrs) Without Bed	USD 500 + INR 42,000	USD 500 + INR 42,000

*GST & TCS would be Applicable on Dollar Component

If International Tour, then the tour cost is based on today’s ROE

 

Cheque shall be drawn in the Name of “Nomadic Globe LLP” or Below Bank Details

Account name – NOMADIC GLOBE LLP   

IFSC code – HDFC0001027

Account number – 50200057721730

Branch – Vile Parle West

Bank Name – HDFC Bank

 

Enrol at the Earliest by making payment of the Deposit Amount of Rs. 25,000.

Book your Seat and Avail Early Bird Discount.

 

Ashwin Shivnani Convenor	Pradip Kapadia Chairman	Mahesh Madkholkar President GSTPAM	Sachin Gandhi Chief Coordinator	Ajay Talreja Jt. Convenor
98198 97488	98210 29082	98200 75966	98214 82020	98200 13469

 

ENROLLMENT FORM INTERNATIONAL STUDY TOUR AT BAKU – AZERBAIJAN

Specially for Members of the GSTPAM BETWEEN 28th May, 2025 to 03rd June, 2025

Dear Sir/Madam,

Please enroll me/us as the delegate(s) for the International Study Tour on Goods & Service Tax to be held at Baku, Azerbaijan between 28th May 2025 to 03rd June 2025.

 

My/our relevant details are as under: Name : …………………………………………………………………………………………………………………

Tel. Nos. : ®……………….…..…………..…..……… O)…………….…………………….…..……….…..………….

Office Address : …………………………………………………………………………………….………..…………….

………………………………………………………………………..………….………………………………………

Residence Address : ……………………………….……………..…………………………………………………….

……………………………….…………………………………………..……………………………………………..

Mobile: ……………………… …………………….. Email: …………………….….…………………………………

GSTPAM Membership No. …………………………………………… Date….………… 2025

 

Sr. No	Name of the Person	M /F	Passport No.	Passport Expiry Date	Amount
	First Name					Middle Name	Surname

 

The Registration Fees of Rs. ..………….…… is paid by Cheque/D.D. No …………..…… dated ……….……. drawn on ………………………………..…… Bank Branch, Mumbai Or Online Vide UTR No

……………………….. dated ……………………….

I/we have read the instructions printed in the circular carefully & also noted the Tour Cost as stated above and will abide by the same.

 

Signature ……………………………

 

Contents Vol. 7 No. 3 |Mumbai|November, 2024

 

Part – I
Editorial	Mayur R. Parekh	5
From the President	Mahesh Madkholkar	8
Roving Eye	D. H. Joshi	11
GST Updates	Deepali Mehta	13
Discussing the Applicability of GST on Construction of MCGM Retail Markets	Ratan Samal & Manohar Samal	17
Importance of GSTR 9 and 9C in GST – Pronounced by Judiciary	Zalak Sohil Dalal	19
Pendency of SCN cannot deny assessee from claiming transition of available CENVAT credit	Pranav Mehta	23
Future of GST practitioners, chartered accountants, and advocates!	Kishor Lulla	25
Updates on Real Estate (Regulations & Development) Act, 2016	Ashwin Shah	26
Service Tax Updates	Vasudev Mehta	29
Updates on Real Estate (Regulations & Development) Act, 2016	Sonakshi Jhunjhunwala & Sunil Jhunjhunwala	33
Do You Know?	Moti B. Totlani	38
Replies to Queries	Deepak Thakkar & Ronak Thakkar	40
Speaker’s Forum	D. J. Ruparelia & Ashish Ruparelia	42
Representation & Response		49
Association News	Jatiin N. Chheda & Rahul Thakar	61
Part – II
Gist of Advance Rulings	Ashit Shah	72
Part – III
Recent Amendments – Notifications/Trade Circulars
CGST Notification and Circulars
NOTIFICATION No. 26/2024–Central Tax New Delhi, dated the 18th November, 2024		78
Notification No. 28/2024–Central Tax New Delhi, the 27th November, 2024.		78
Notification No. 29/2024 – CENTRAL TAX New Delhi, the 27th November, 2024		86
Notification No. 30/2024 – CENTRAL TAX New Delhi, the 10th December, 2024		86
Notification No. 31/2024–Central Tax New Delhi, the 13th December, 2024.		86
Circular No. 239/33/2024-GST New Delhi, dated the 4th December, 2024 F. No.  CBIC-20016/2/2022-GST		88
Trade Circular No. 28T of 2024 – No. CST(MS)/ACST (HQ-0002)/GST  Audit- 2021/2024-25/B 11 – Dated: 08/11/2024		90
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Chhattisgarh, Goa and Mizoram		91
Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Haryana, Manipur, Meghalaya and Tripura		92
Advisory on mandatory Sequential Filing of GSTR-7 Returns as per Notification No. 17/2024		93
Advisory for Reporting TDS Deducted by scrap Dealers in October 2024		93
Advisory on Updates to E-Way Bill and E-Invoice Systems		94
Advisory on difference in value of Table 8A and 8C of Annual Returns FY 23-24		94
Congratulations
Goods and Services Tax Practitioner’s Association, Sindhudurg		Page 41
Obituary
Shri. Sadashiv Rane		Page 32
Announcements Announcement For New Membership, Renewal of Membership & Subscription For Year 2024-25		Page 71

 

“Successful entrepreneurs are givers and not takers of positive energy.”

— Anonymous

 

Members Name Date of Birth

“Wishing our members a very HAPPY BIRTHDAY!!”

 

  

Members Name	Date of Birth
Baig Naushad Vaish	11- January
Bane Rajesh G.	11- January
Bangad Laxminarayan R	12- January
Bari Karna Suresh	12- January
Bedarkar Shripad Shankar	12- January
Bhandary Ananda Challa	12- January
Bhanushali Chandresh Khimji	12- January
Bohra Deendayal Jeetlal	12- January
Bhandary Ananda Challa	14- January
Bosamia Jagdish J.	14- January
Chaddva Mitesh Shantilal	14- January
Chavan Kumar Balaso	14- January
Chheda Rajesh M	15- January
Chheda Rajesh Raichand	15- January
Chopra Sushil Jasraj	16- January
Choudhary Suresh Akharam	16- January
Chudasama Rakesh Naresh	17- January
D’souza Pius Maxim	18- January
Damle Surendra Gopal	18- January
Dave N. M	19- January
Dave Rashmikant K.	19- January
Dedhia Avani Navinchandra	19- January
Dedhia Monik Laxmichand	19- January
Deshpande Ratnakar Dattatraya	19- January
Dharaiya Deepak Mansukhlal	19- January
Doshi Rajesh H	19- January
Dubbewar Ashok Bhaskarrao	19- January
Dudhale Kalpesh Raghunath	19- January
Kadam Prithviraj Narayan	20- January
Kadam Sudarshan Sadashiv	20- January
Kajave Atul Anant	21- January
Kalantri Sanket Narayan	21- January
Kapadia Harsh Arun	21- January

 

Members Name	Date of Birth
Kapadia Pradip R	22- January
Kapadia Vinod P.	22- January
Khandelwal S.K.S.	22- January
Khandelwal Vijay	22- January
Khanna Rajiv D.	23- January
Khanolkar Narayan Gajanan	23- January
Kochrekar Girish Gajanan	23- January
Kothari Dipesh Balchand	23- January
Kotwal Deepak Vasant	24- January
Kubadia Bhavik A	24- January
Kukreja Rajesh Gulabsingh	24- January
Kulkarni Nitin V.	24- January
Lahoti Ramakant Rampratap	24- January
Madje Maruti Shesherao	24- January
Maity Bipul Bishnupada	25- January
Mehta Bhavin Jatin	25- January
Mehta Ritesh Rajesh	26- January
Mulchandani Amar Ghanshyamdas	26- January
Munot Swapnil M.	26- January
Natkar Amit Suryabhan	26- January
Nayak Deepak Padmanabh	26- January
Nayak Ranjit Kumar	26- January
Paithankar Bhushan Bhagwan	26- January
Pandey Santosh Lalmani	26- January
Paranjape Prasad Vasudeo	26- January
Parikh Pankaj Fatechand	27- January
Patel Vikram Rameshchandra	27- January
Phulsundar Aarambhi Gangadhar	27- January
Rathi Girish Jethalal	28- January
Rawal J D.	28- January
Sakala Pramod H.	28- January
Salgaonkar Tushar Yeshwant	28- January
Salot R C	29- January

 

Members Name	Date of Birth
Sanghavi Rakesh Bhanvarlal	29- January
Shah Chirag Pravin	30- January
Shah Dhanesh Chandrakant	30- January
Shah Dhaval Yogesh	30- January
Shah Harshad Zaverchand	30- January
Shah Ketan Chandrakant	30- January
Shah Kivant I	31- January
Shah Piyush Dinesh	31- January
Shah Praful L	31- January
Shah Rajendra Mansukhilal	31- January
Shah Raj Pravin	31- January
Gangaramani Mukesh Vasdev	01- February
Gundesha Girish Bherumal	01- February
Hindivali Prakash Shivappa	01- February
Ingale Nilesh Vitthal	01- February
Jadhav Mahesh Bhagwan	01- February
Parikh Rajesh Chimanlal	02- February

 

Members Name	Date of Birth
Porania Mansi Bharat	02- February
Ruparelia Ashish Damodardas	02- February
Saboo Kamlesh Ramprasad	02- February
Shah Atulkumar V	02- February
Shah Rajesh Chimanlal	02- February
Shah Vipul Jitendra	03- February
Shaikh Sardar Mohammed-Yusuf	04- February
Shaikh Shakeel Ahmed	04- February
Soman Abhinay C	05- February
Surte Pramod Prabhakar	05- February
Varde Vishwas Jaywant	06- February
Vasa Ketan Manharlal	06- February
Visharia Pankaj Goshar	06- February
Wankhade Santosh Devrao	09- February
Acharekar Rupesh Laxman	10- February
Agrawal Ravi	10- February
Arkal Sagar Nagesh	10- February

Members Name Date of Birth

“Don’t raise your voice, improve your argument.”

— Anonymous

 

1	FMCG & Pharmaceutical Industry – GST Issues & Challenges	150/-
2	Mega Full Day Seminar Booklet 6.5.2023	120/-
3	Short Publication GST practical guides (5 Book Series)	555/-
4	47th RRC Lucknow Booklet	250/-
5	Mega Full Day Seminar Booklet 9.2.2024	150/-
6	48th RRC Book	250/-
7	Mega Full Day Seminar Booklet 6. 7.2024	130/-
8	Half Day Seminar Booklet 22.11.2024	100/-

 

Payment Link for Publication on sale : https://www.gstpam.org/online/purchase-publication.php

GSTPAM News Bulletin Committee for Year 2024-25

Ashish Ruparelia Jt. Convenor

Aloke R. Singh Convenor

Pankaj Parekh Chairman