About Pulkit Jain

Pulkit Jain is the founder of LegalRaasta – India's top portal for registration, trademark, return filing and loans. Pulkit is a veteran CA with over 10+ of experience.

Form GSTR 3B: Return Formats, Filing Process, Due Dates

By |2018-05-25T13:09:40-05:30September 29th, 2017|Categories: GST|Tags: , , , , , |

Introduction The 17th GST Council meeting held on 18th June 2017, provided a relief to the nation. The council decided to extend the deadline for invoice‐wise return filing in Form GSTR 1 and Form GSTR 2 for the first 2 months after listening to the problems faced by both the buyers and the suppliers. Therefore, for [...]

Non-Resident Taxpayer under GST

By |2018-05-24T07:29:57-05:30September 29th, 2017|Categories: GST|Tags: , , , |

Non-Resident Taxpayer (special cases under GST Registration) are those suppliers of goods or services or both, who have come for a short period to make supplies in India without having any business establishments here. They import products to make local supplies. Therefore, they will be allowed to avail Input Tax Credit only on IGST paid on [...]

Reverse Charge under GST

By |2018-05-24T12:02:32-05:30September 29th, 2017|Categories: GST|Tags: , , , , |

Reverse Charge means the liability to pay the tax by person receiving goods and/or services instead of the person supplying the goods and/or services in respect of specified categories of supplies. In India, the concept of reverse charge under GST is being introduced [...]

Faq’s on Drugs and Pharmaceuticals under GST

By |2018-10-23T08:29:42-05:30September 19th, 2017|Categories: GST Impact|

Introduction The Indian pharmaceutical industry or Drugs and Pharmaecituals Industry is one of the leading industries globally as it is the principal supplier of generic drugs all over the world. Almost 80% of all AIDS  drug is produced by India. For all the developing nations, The UN provided licenses to six Indian pharmaceutical labs to make [...]

Faq’s on Food Processing under GST

By |2018-05-25T13:04:33-05:30September 18th, 2017|Categories: GST|Tags: , , , , , |

Introduction Food Processing Industry has had a severe impact on its functioning after the changes brought about in the new taxation regime under the GST policy in India. As you already know that GST launched in India in 2016 with the aim of "One Nation, One Tax". By replacing all the central taxes like VAT, CST, [...]

Faq’s on E commerce under GST

By |2017-09-16T04:50:38-05:30September 15th, 2017|Categories: GST, GST Impact|

Introduction The day GST came into the market, it has stormed all the existing sectors in India. By dismantling all the inter-state barriers with respect to trade, the single biggest indirect tax regime kicked into force. It also had huge imapct on e-commerce industry in India. Electronic commerce or e-commerce (EC) means the supply of goods and [...]

GST practitioner

By |2018-05-25T13:11:53-05:30September 11th, 2017|Categories: GST|Tags: , , , , |

Who is GST Practitioner? People who are running their own businesses may be unaware of the procedure or process of GST return filing and uploading invoices. In such a case, they will look for a professional who can do all this. As a result, on a behalf of the registered person, an approved GST practitioner can [...]

National Anti Profiteering Authority in GST

By |2018-10-23T08:28:58-05:30September 6th, 2017|Categories: GST News|

Introduction Some countries show that there has been inflation and prices increased after GST implementation. National Anti Profiteering authority made by the Constitution to ensure that the consumer is protected from the random price increase in the name of GST. Even if there is the availability of the tax credit right from the production stage to [...]

Margin scheme in GST

By |2018-05-25T09:43:48-05:30September 4th, 2017|Categories: GST|Tags: , , |

Introduction Whenever there is a transaction of supply, you have to pay GST. However, in case of second-hand goods, you have to pay tax on only the margin. Margin Scheme tells us about the difference between the value at which they supply the goods and purchase value. If there is no margin then they will not [...]

GST Transition Form TRAN 1

By |2017-09-01T07:36:15-05:30September 1st, 2017|Categories: GST, GST Law|

Form GST TRAN 1 Form GST TRAN 1 is filed by the registered taxable person who wants to claim transitional ITC (Input Tax Credit). Form GST TRAN 1 is categorized into 12 tables on the basis of various business circumstances where ITC is allowed. The tax payers are required to fill the relevant tables of Form GST [...]