CA Samarpit Sharma

I am thrilled to announce the launch of my GST Newsletter, "The GST Insider"📢. This newsletter will provide you with comprehensive coverage of all GST updates, including notifications, circulars, press releases, advance rulings, case laws, and other relevant documents. "The GST Insider" will be published every 15 days, ensuring you stay informed about the latest developments in GST. Please provide your valuable suggestions and feedback to help us improve 📬. Thank you for your continued support.

Thank you sir for having me 🙏💯

I'm excited to share with you the 8th edition of "The GST Insider" newsletter. 📄 This latest issue focuses on the importance of the latest GST Council Meeting recommendations and the recent circulars issued by the department. 💼✨ In this edition, I have made a very detailed analysis of these recommendations and circulars, explaining the pros and cons of each. I believe this will be very helpful in understanding the concepts thoroughly. 📚 Attached is the PDF of the newsletter. 📎 Your feedback is invaluable, and I hope this edition proves to be enlightening and useful. Don't miss out on any updates! Join our WhatsApp channel for continuous access to GST insights and much more. 📲 Follow "The GST Insider" channel on WhatsApp here: whatsapp.com/channel/0029Va… Thank you for your ongoing engagement and support. 🙏 Warm regards, CA Samarpit Sharma

The CBDT has issued a press release to clarify that the requirement for a Tax Clearance Certificate is mandated only in specific cases. This includes individuals with significant financial irregularities or those with outstanding tax demands exceeding Rs. 10 lakhs, where no stay has been obtained. Best Regards, CA Samarpit Sharma #incometaxfiling #cbdt #incometax

I’m thrilled to share with you the 6th edition of "The GST Insider" newsletter! 📄 This latest issue dives deep into the most significant case laws and advance rulings that you won't want to miss. 💼✨ Attached, you’ll find the PDF of the newsletter. 📎 Your feedback is invaluable, and I truly hope this edition provides both enlightenment and practical insights. Looking forward to your thoughts, reviews, and suggestions. Thank you so much for your continued engagement and support. 🙏 Warm regards, CA Samarpit Sharma

A further step towards the ease of doing business 😡😨🥶🥲

Budget 2024 Summary: Special Edition I'm excited to share with you a Special Budget 2024 edition of "The GST Insider" newsletter. 📄 In this edition, I have provided a detailed analysis covering Direct Tax and Indirect Tax highlights, explaining the key points of each. I believe this will be very helpful in understanding the concepts thoroughly. 📚 Attached is the PDF of the newsletter. 📎 Your feedback is invaluable, and I hope this edition proves to be enlightening and useful. Don't miss out on any updates! Join our WhatsApp channel for continuous access to GST insights and much more. 📲 Follow "The GST Insider" channel on WhatsApp here: whatsapp.com/channel/0029Va…. To access the previous edition, visit our channel. We are looking forward to your reviews and suggestions. Thank you for your ongoing engagement and support. 🙏 Warm regards, CA Samarpit Sharma #GST #BudgetSession #BudgetSession2024 #BudgetSession2024 #cbic

@CAHimankSingla I think @CAChirag is only on twitter for reach. He always publishes tweets that are way too biased. No common sense at all in this guy.

Iss (insert adjective yourselves) aadmi ka kya krein... 🤦🏻‍♂️

In the Name of Rationalisation Indexation has been removed, and a flat rate of 12.5% has been introduced. From now on, the Cost Inflation Index will no longer be relevant. #BudgetSession #Budget2024 #UnionBudget2024

I'm excited to share with you the 5th edition of "The GST Insider" newsletter. 📄 This latest issue includes the latest notifications, circulars, and important case laws. 💼✨ In this edition, I have provided a detailed analysis of these notifications, circulars, and case laws, explaining the key points of each. I believe this will be very helpful in understanding the concepts thoroughly. 📚 drive.google.com/drive/folders/… Access your copy through the Google Drive link provided above. Don't miss out on any updates! Join our WhatsApp channel for continuous access to GST insights and much more. 📲 Follow "The GST Insider" channel on WhatsApp here: whatsapp.com/channel/0029Va…. To access the previous edition, visit our channel. We are looking forward to your reviews and suggestions. Thank you for your ongoing engagement and support. 🙏 Warm regards, CA Samarpit Sharma

For those who didn't clear their CA exams this time, don't lose heart. Remember, the road to becoming a Chartered Accountant is challenging, but your determination and hard work will lead you to your goal. Keep pushing forward, and don't lose sight of your dreams. Your future is bright, and your efforts will pay off. If you need any guidance or study materials, feel free to message me. I'm here to help in any way I can. Stay strong and keep moving forward! 💪 Warm regards, CA. Samarpit Sharma #ICAI #icairesults #caexams @caanupam7 @akhilpachori @atulmodani @CAChirag @CAamanmittal @CAHimankSingla

🚀 Let's Connect! 🚀 Hi everyone, I'm excited to expand my network and connect with like-minded professionals. Whether it's through DMs here on Twitter or via WhatsApp, I'm open to whatever suits you best. Let's share insights, collaborate, and grow together. Feel free to reach out! #Networking #Collaboration #ConnectWithMe #ProfessionalNetwork

@Raghavansree1 @caanupam7 Thank you sooo much sir

@caanupam7 Sir I would really appreciate Samarpit for the lovely compiling of the ciruculars. neatly done. Though i am not in practice and i work, i really see his dedication in his routinely sharing the newsletter.

Hello! 😊🌟 I'm excited to share with you the *4th edition* of *"The GST Insider"* newsletter. 📄 This latest issue focuses on the importance of the latest GST Council Meeting recommendations and the recent circulars issued by the department. 💼✨ In this edition, I have made a detailed analysis of these recommendations and circulars, explaining the pros and cons of each. I believe this will be very helpful in understanding the concepts thoroughly. 📚 Regards *CA Samarpit Sharma* drive.google.com/drive/folders/… Access your copy through the Google Drive link provided above. Share it with your colleagues and show some love 😀

Hello! 😊🌟 I'm excited to share with you the 4th edition of "The GST Insider" newsletter. 📄 This latest issue focuses on the importance of the latest GST Council Meeting recommendations and the recent circulars issued by the department. 💼✨ In this edition, I have made a very detailed analysis of these recommendations and circulars, explaining the pros and cons of each. I believe this will be very helpful in understanding the concepts thoroughly. 📚 Attached is the PDF of the newsletter. 📎 Your feedback is invaluable, and I hope this edition proves to be enlightening and useful. Don't miss out on any updates! Join our WhatsApp channel for continuous access to GST insights and much more. 📲 Follow "The GST Insider" channel on WhatsApp here: whatsapp.com/channel/0029Va… Thank you for your ongoing engagement and support. 🙏 Warm regards, CA Samarpit Sharma

Happy Chartered Accountants Day! Dear Colleagues and Friends, Today, we celebrate the dedication, integrity, and hard work of Chartered Accountants across the globe. Your commitment to excellence and ethical standards plays a crucial role in the financial health and success of businesses and individuals alike. "A good Chartered Accountant is a great asset to a business. They don't just count the beans; they plant the seeds of financial success." Wishing all my fellow CAs a prosperous and fulfilling year ahead! Warm regards, CA Samarpit Sharma

Hum jeet gaye… itne saalo baad !! #INDvSA2024 #india

CBIC Issued 16 GST Circulars 👇 (Summary) 👇 Circular No. 207 - Establishes monetary limits for the Department to file appeals or applications before GSTAT, High Courts, and the Supreme Court. Circular No. 208 - Provides clarifications on issues related to the special procedures for manufacturers of specified commodities. Circular No. 209 - Clarifies the provisions of clause (ca) of Section 10(1) of the Integrated Goods and Services Tax Act, 2017, regarding the place of supply. Circular No. 210 - Explains the valuation of supply for import of services by a related person where the recipient is entitled to full input tax credit. Circular No. 211 - Provides clarity on the time limit under Section 16(4) of the CGST Act, 2017, concerning RCM supplies received from unregistered persons. Circular No. 212 - Details the mechanism for suppliers to provide evidence of compliance with conditions under Section 15(3)(b)(ii) of the CGST Act, 2017. Circular No. 213 - Seeks clarity on the taxability of reimbursement of securities/shares provided by a company to its employees under SOP/ESPP/RSU. Circular No. 214 - Clarifies the requirement for reversing input tax credit for the portion of the premium for life insurance policies not included in the taxable value. Circular No. 215 - Provides guidance on the taxability of wreck and salvage values in motor insurance claims. Circular No. 216 - Further clarifies GST liability and input tax credit availability in cases involving Warranty/Extended Warranty, building on Circular No. 195/07/2023-GST dated 17.07.2023. Circular No. 217 - Defines the entitlement of input tax credit by insurance companies for expenses incurred on motor vehicle repairs under reimbursement mode insurance claims. Circular No. 218 - Clarifies the taxability of transactions involving loans provided by an overseas affiliate to an Indian affiliate or by a person to a related person. Circular No. 219 - Explains the availability of input tax credit on ducts and manholes used in the network of optical fiber cables (OFCs) as per Section 17(5) of the CGST Act, 2017. Circular No. 220 - Provides clarification on the place of supply for custodial services provided by banks to Foreign Portfolio Investors. Circular No. 221 - Defines the time of supply for Annuity Payments under HAM Projects. Circular No. 222 - Clarifies the time of supply regarding the allotment of Spectrum to Telecom companies. Reagrds CA Samarpit Sharma

Ayeeeinnn apka ka intzar tha 😂😂 #icai #cafinal

Key Recommendations made by the 53rd GST Council meeting held today: 1. Waiver of Interest and Penalty Waiver of interest and penalty on demand notices issued under Section 73 for FY 2017-18, 2018-19, and 2019-20, applicable where tax is paid entirely by March 2025. 2. Extended Time Limit for ITC Time limit to avail ITC u/s 16(4) extended to 30th November instead of October for FY 2017-18, 2018-19, 2019-20, and 2020-21. 3. Monetary Limits for Appeals Monetary limit for filing appeals by the tax department set at ₹20 lakh for the tribunal, ₹1 crore for the High Court, and ₹2 crore for the Supreme Court. 4. Reduced Pre-Deposit for Appellate Authority Maximum amount of pre-deposit for filing an appeal before the appellate authority reduced from ₹25 crore to ₹20 crore each for CGST and SGST. 5. Reduced Pre-Deposit for Tribunal Pre-deposit for filing an appeal before the tribunal reduced to 20% and ₹20 crore each for CGST and SGST. 6. Amendment in Appeal Time Limits Amendment in law to provide that the time limit for filing appeals before the tribunal will start from the date the government notifies it. 7. Extension of GSTR-4 Filing Deadline Extension of time limit to file GSTR-4 till 30th June. 8. No Interest on Cash Ledger Amount Interest will not be charged for the amount available in the cash ledger at the time of filing GSTR-3B. 9. New Form GSTR-1A Insertion of new Form GSTR-1A to allow corrections in GSTR-1, which can be filed before filing GSTR-3B. 10. Biometric Aadhar Authentication Biometric-based Aadhar authentication on a PAN-India basis in a phased manner. 11. Various Clarifications Issued Clarifications issued on various topics, including: - 12% tax rate for milk cans - Uniform GST rate of 12% on all carton boxes - Clarification that all types of sprinklers will attract 12% GST and past practice to be continued - 12% rate on all solar cases - Services by railways, platform tickets, and other services are exempt - Service of hostel accommodation outside educational institutions made exempt with conditions Regards, CA Samarpit Sharma 9718668812

GST Council likely to propose New Form GSTR-1A! Highlights of GSTR-1A: • Enhanced Amendment Capability: Under the current system, taxpayers are unable to adjust GSTR-1 within the same period after submission. Corrections or additional records must be included in the GSTR-1 of the subsequent period. • Introducing GSTR-1A: To streamline this process, GSTR-1A will permit taxpayers to make amendments or include new records within the same month after submitting GSTR-1 and before filing GSTR-3B. This will facilitate timely and precise adjustments. • Seamless Liability Adjustment: The corrected liability will be automatically updated in GSTR-3B, ensuring accurate liability fulfillment. • Period-Specific Modifications: Taxpayers will have the ability to adjust GSTR-1 within the same filing period. • Optimized Reporting: Corrections or additional records can be included in GSTR-1A before the submission of GSTR-3B, enhancing reporting efficiency. Regards CA Samarpit Sharma #gst #cbic #icai

I'm excited to share with you the third edition of "The GST Insider" newsletter. 📄 drive.google.com/drive/folders/… Access your copy through the Google Drive link provided above. Share it with your colleagues and show some love 😀 This latest issue brings you more crucial insights and the latest updates on GST to enhance your understanding and application. 💼✨ Don't miss out on any updates! Join our WhatsApp channel for continuous access to GST insights and much more. 📲 Follow "The GST Insider" channel on WhatsApp here: whatsapp.com/channel/0029Va… Thank you for your ongoing engagement and support. 🙏 Warm regards, CA Samarpit Sharma