INDIRECT TAX STUDY CIRCLE MEETINGS
1. ‘RECENT AMENDMENTS IN GST AND CASE LAWS’
The Indirect Tax Study Circle of BCAS organized its 7th meeting for 2021-22 on
‘Recent Amendments in GST and Case Laws’ on 8th February, 2022, addressed by group leader
CA Parth Shah and mentored by
CA Jayesh Gogri.
The group leader had made 9 case studies on recent changes in GST law that are effective 1st January, 2022, along with the Union Budget 2022 Amendment Proposals and specific advance rulings/ high court judgements. The presentation broadly covered the impact of amendments and changes on the following topics:
• Proposed Amendments in Union Budget, 2022.
• Errors in GSTR – 3B and recovery proceedings thereafter.
• Reversal of credit and levy of interest thereon pursuant to retrospective amendment.
• Recovery for ITC not reflected in GSTR-2A.
• Issues in variation of more than 5% in ITC claimed as against ITC appearing in GSTR 2B, especially w.r.t amendments in sec 16(2).
• Issues for cross charge. Is ISD an option, or would cross charge be considered as compliant as against
ISD?
• Consignment interceptions and issues in clubs.
The participants took active part in all the case study discussions with the issues being discussed at length. Mentor, CA Jayesh Gogri provided his astute
comments on various asp
