GST ITC- Draft Replies & Internal Controls
- Year of Publication: 2022
- Edition: 1st
- ISBN: 978-93-94163-38-6
- No.of Pages: 457
We are in the fifth year of GST and the industry is facing notices, which would continue for a considerable length of time, until some settlement scheme is set out.
The object of this book is to serve as a tool to GST Professionals or persons aspiring to specialise in handling GST litigation. The book would equip the readers with the knowhow & the art relating to drafting replies. Undoubtedly it will help to understand, what is drafting, how one should draft replies to notices and design Grounds of Appeal, its principles and Do’s & Don’ts while drafting a reply or an appeal in GST proceedings. An attempt is made to highlight key areas of Input Tax Credit and tools processes have been suggested to facilitate better internal control. By providing the replies in a detailed manner, the book also attempts to act as a guide in interpreting the GST Law vis a vis Input Tax Credit and at the same time augmenting one’s skill in handling GST litigation. Input Tax Credit (ITC) being a vital component of GST will always attract a lot of GST litigation in case of violations of conditions attached thereto or on account of bonafide mistakes relating to its availment or reporting in GST Returns. We contemplate a new era of GST litigation majorly on ITC front. This book is designed to address major areas where notices could be issued. The book encompasses real life scenarios faced by the Industry on the relevant issue. The various allegations raised by the department & other authorities in various proceedings under the GST Law on the subject related to Input Tax Credit have been converted into 41 distinct issues that could arise. We have drafted replies considering each of the issues separately as being a distinct subject matter.
This book will certainly be a practical guide to taxpayers, professionals and industry.
CA. Pooja Garg is a qualified Chartered Accountant with more than 18 years of professional experience and a 1st Gen entrepreneur. She is also the Co- Founder of Edukating. She has diverse experience in F&A and providing training to Students, Corporations, and Professionals. She is also a founder of an Ed Startup that provides Skill-Based Training in F&A, Taxation, and related subjects.
She possesses diversified knowledge gained through various courses like Concurrent Audit of Banks and Valuations by ICAI, and the GST Practitioner Course by the Government of India. She also advises early-stage startups through her consulting firm. She participated in the 14th Cohort of Goldman Sachs 10,000 Women at the Indian Institute of Management, Bangalore (IIMB), and holds a certification.
Nitin Sharma has a Master’s in Commerce and Bachelor’s in Law, is a full-time practicing Advocate in the field of GST with experience of 19 years in Manufacturing Industries with detailed exposure to Sales Tax, VAT, Excise, Service Tax, Export-Import and Income Tax. Presently, he is a Managing Partner in a Law Firm V & C Law Associates situated at Sikri, Faridabad rendering Consultancy and legal services to Businesses from the very first stage of Incorporation to setting up of internal control and System in order to boost growth for Organizations. He is also engaged as an associate Advocate with:—
- M/s N.K. Sharma & Associates, having branches in Delhi and Faridabad with experience of more than 25 years in the field of Indirect Tax.
- M/s P.S. Sethi & Co., Roorkee, Uttrakhand (Special Auditor – SGST Uttrakhand)
- Edukating - a well-known name for providing skill-based Training and courses in the area of Direct and Indirect Tax, Finance and Accounts.
Vishal Poddar is Fellow Chartered Accountant, completed his CA at the early age of 21 years, was awarded a Silver Trophy in TIOL National Taxation Award 2022 and National Award for being Distinguished GST Trainer 2018, Tejas Puraskar in Finance 2020, Best Paper Writer Award 2021-22 GSTPAM’s NRRC., having Masters in Commerce and Diploma in Information System Audit (DISA). Presently he is engaged as:—
- Senior Partner with S.S. Mutha Company in the Tax & Assurance Practice with special focus on Indirect Taxes since 2003.
- Advisor (Legal) in Ashva Legal Advisors LLP, a firm specialised in Litigation in Indirect Taxes at Tribunal, High Court & Supreme Court.
- Regular speaker with Industry Forums on budget, regulatory, GST related Litigation Issues.
- Empanelled Faculty with ICAI & NACIN (For GST Officer Training). He is also an eminent speaker in various forums such as BCAS, CTC, CITI, SRTEPC, SIMA, SISPA, GSTPAM, Taxprocil, MACCIA, CREDAI, MTPA, NTPA, Institute of Chartered Accountants of India, etc.
- Part of Expert Panel to contribute to ICAI's comprehensive publications like GST FAQs & GST Manual.
- Part of the Expert Panel for query resolution set up by WIRC - ICAI,
- Acted as Group leader for various study groups & RRC of WIRC, BCAS, CTC.
- Contributor to Columns on various issues in GST for GSTPAM, ConsultEase, CTC, Lokmat & distinguished Online publications like Money Control.
- Faculty for CA, CMA & CS Courses since 2000.
- Experienced Resource at ICAI, NACIN, STATE Bihar GST Commissionerate, GSTPAM, MTP, NTPA, Invited as Speaker atNational Conferences of ICAI (Kochi, Shirdi, Bangalore, Bhuvneshwar), NRRC Nashik, Empanelled faculty for GST Certificate Course (ICAI)
- Consultant for SIMA, SRTEPC, TAXPROCIL & many MNCs.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2022
- Edition: 1st
- ISBN: 978-93-94163-38-6
- No.of Pages: 457
We are in the fifth year of GST and the industry is facing notices, which would continue for a considerable length of time, until some settlement scheme is set out.
The object of this book is to serve as a tool to GST Professionals or persons aspiring to specialise in handling GST litigation. The book would equip the readers with the knowhow & the art relating to drafting replies. Undoubtedly it will help to understand, what is drafting, how one should draft replies to notices and design Grounds of Appeal, its principles and Do’s & Don’ts while drafting a reply or an appeal in GST proceedings. An attempt is made to highlight key areas of Input Tax Credit and tools processes have been suggested to facilitate better internal control. By providing the replies in a detailed manner, the book also attempts to act as a guide in interpreting the GST Law vis a vis Input Tax Credit and at the same time augmenting one’s skill in handling GST litigation. Input Tax Credit (ITC) being a vital component of GST will always attract a lot of GST litigation in case of violations of conditions attached thereto or on account of bonafide mistakes relating to its availment or reporting in GST Returns. We contemplate a new era of GST litigation majorly on ITC front. This book is designed to address major areas where notices could be issued. The book encompasses real life scenarios faced by the Industry on the relevant issue. The various allegations raised by the department & other authorities in various proceedings under the GST Law on the subject related to Input Tax Credit have been converted into 41 distinct issues that could arise. We have drafted replies considering each of the issues separately as being a distinct subject matter.
This book will certainly be a practical guide to taxpayers, professionals and industry.
CA. Pooja Garg is a qualified Chartered Accountant with more than 18 years of professional experience and a 1st Gen entrepreneur. She is also the Co- Founder of Edukating. She has diverse experience in F&A and providing training to Students, Corporations, and Professionals. She is also a founder of an Ed Startup that provides Skill-Based Training in F&A, Taxation, and related subjects.
She possesses diversified knowledge gained through various courses like Concurrent Audit of Banks and Valuations by ICAI, and the GST Practitioner Course by the Government of India. She also advises early-stage startups through her consulting firm. She participated in the 14th Cohort of Goldman Sachs 10,000 Women at the Indian Institute of Management, Bangalore (IIMB), and holds a certification.
Nitin Sharma has a Master’s in Commerce and Bachelor’s in Law, is a full-time practicing Advocate in the field of GST with experience of 19 years in Manufacturing Industries with detailed exposure to Sales Tax, VAT, Excise, Service Tax, Export-Import and Income Tax. Presently, he is a Managing Partner in a Law Firm V & C Law Associates situated at Sikri, Faridabad rendering Consultancy and legal services to Businesses from the very first stage of Incorporation to setting up of internal control and System in order to boost growth for Organizations. He is also engaged as an associate Advocate with:—
- M/s N.K. Sharma & Associates, having branches in Delhi and Faridabad with experience of more than 25 years in the field of Indirect Tax.
- M/s P.S. Sethi & Co., Roorkee, Uttrakhand (Special Auditor – SGST Uttrakhand)
- Edukating - a well-known name for providing skill-based Training and courses in the area of Direct and Indirect Tax, Finance and Accounts.
Vishal Poddar is Fellow Chartered Accountant, completed his CA at the early age of 21 years, was awarded a Silver Trophy in TIOL National Taxation Award 2022 and National Award for being Distinguished GST Trainer 2018, Tejas Puraskar in Finance 2020, Best Paper Writer Award 2021-22 GSTPAM’s NRRC., having Masters in Commerce and Diploma in Information System Audit (DISA). Presently he is engaged as:—
- Senior Partner with S.S. Mutha Company in the Tax & Assurance Practice with special focus on Indirect Taxes since 2003.
- Advisor (Legal) in Ashva Legal Advisors LLP, a firm specialised in Litigation in Indirect Taxes at Tribunal, High Court & Supreme Court.
- Regular speaker with Industry Forums on budget, regulatory, GST related Litigation Issues.
- Empanelled Faculty with ICAI & NACIN (For GST Officer Training). He is also an eminent speaker in various forums such as BCAS, CTC, CITI, SRTEPC, SIMA, SISPA, GSTPAM, Taxprocil, MACCIA, CREDAI, MTPA, NTPA, Institute of Chartered Accountants of India, etc.
- Part of Expert Panel to contribute to ICAI's comprehensive publications like GST FAQs & GST Manual.
- Part of the Expert Panel for query resolution set up by WIRC - ICAI,
- Acted as Group leader for various study groups & RRC of WIRC, BCAS, CTC.
- Contributor to Columns on various issues in GST for GSTPAM, ConsultEase, CTC, Lokmat & distinguished Online publications like Money Control.
- Faculty for CA, CMA & CS Courses since 2000.
- Experienced Resource at ICAI, NACIN, STATE Bihar GST Commissionerate, GSTPAM, MTP, NTPA, Invited as Speaker atNational Conferences of ICAI (Kochi, Shirdi, Bangalore, Bhuvneshwar), NRRC Nashik, Empanelled faculty for GST Certificate Course (ICAI)
- Consultant for SIMA, SRTEPC, TAXPROCIL & many MNCs.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
