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Posted On:  2 years ago


DRAFT REGISTRATION PROCEDURE OF GST – THERE IS A SCOPE FOR IMPROVEMENT

“Sincere” is the word when combined with the word “Effort” makes the road to success as smooth and reliable. Such sincere efforts are being made by the Central Government for paving the path to Good and Services Tax (GST). The government with the aim to implement the GST w.e.f. 1.4.2016 has issued a draft for persual of experts, trade associations, etc. to suggest the flaws and improvements thereupon. This draft is in form of ‘Report of The Joint Committee on Business Processes for GST’. This report is divided into three parts namely GST Registration, GST payment process and GST refund process. This article is an attempt to analyze the first part of this report namely ‘GST Registration’.

article author CA PRADEEP JAIN

Posted On:  2 years ago


PROPOSED PAYMENT PROCESS UNDER GST – NEW & IMPROVED

‘Report of The Joint Committee on Business Processes for GST’ has already been circulated and views have been sought from people at large for suggesting improvements thereupon. This report is divided into three parts namely GST Registration, GST payment process and GST refund process. In this article, some benefits of the proposed payment process under GST regime have been discussed alongwith some minor drawbacks of the proposal.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Real estate investment is better than fixed deposit investment

Why people prefer investment in real estate over fixed deposit? Or why fixed deposit is unable to meet your expected returns? Or why people have more investment exposure in real estate than fixed deposit investment in India?

article author CA Nikesh Sheth

Posted On:  2 years ago


How to reply E Shayog Notice from Income Tax Department

The Digital Initiative taken by Government of India is helping in data mining and proving meaningful result. The Assessee who has not disclosed or skip disclosing income, property transactions , investment, gifts, loans, foreign income, etc. have received Notice in form of Email, SMS and Letters for more disclosure.

article author CA Chirag Chauhan

Posted On:  2 years ago


Section 37:What's the issue with Share Capital?

This article is about one of the most important things which came out in terms that how to treat fees paid for enhancement of authorized capital to Registrar of Companies. Will it be a revenue expenditure or capital expenditure?

article author Akarsh Gupta

Posted On:  2 years ago


Reading of Auditors Report

The law has changed regarding reading of Auditors Report at the AGM. This article explains the earlier law and the new one under Companies Act 2013

article author Amitav Ganguly

Posted On:  2 years ago


SERVICE TAX ON EDUCATION SECTOR

This article is brief on service tax for education sector.

article author CA. VINEET RATHI

Posted On:  2 years ago


Points to be considered before taking business loan

Steps to be taken while raising loan from banks and some of the tips or considerations while taking loans from the banks/NBFC etc. Although it is subjective but I have gathered comprehensive guide on the basis of general policies followed by banks and other financial institutions.

article author CA Nikesh Sheth

Posted On:  2 years ago


Gift U/S 56(2).

List of relations from whom you can accept Gift U/S 56(2).

article author DARSHAN GANDHI

Posted On:  2 years ago


Reversal of CENVAT credit in case of flat sold after completion

Reversal CENVAT credit when some of the flat are sold by builder/developer after completion.

article author SAGAR BHALERAO

Posted On:  2 years ago


Service tax on maintenance charges of flat owners

There is one circular issued by Dept. which provides explanation on taxability of maintenance charges ie. monthly contribution collected from members used by the RWA(Resident Welfare Association) for the purpose of making payments to the third parties, in respect of commonly used services or goods [Example: for providing security service for the residential complex, maintenance or upkeep of common area and common facilities like lift, water sump, health and fitness centre, swimming pool, payment of electricity Bill for the common area and lift, etc.].

article author SAGAR BHALERAO

Posted On:  2 years ago


Law on foreign tax credit relief; Sec. 4, 5 subject to DTAA provisions

HC reverses ITAT’s ruling, allows foreign tax credit to Wipro on a portion of its Sec. 10A tax holiday income; On a thorough perusal of charging sections Sec 4, 5 & DTAA benefit related Sec 90. Income tax Act are subject to Sec 90 and by "necessary implication they are subject to the terms of the double taxation avoidance agreement

article author SACHIN SINHA

Posted On:  2 years ago


Compensation received on denial of appointment is not taxaable

Profit in lieu of salary u/s 17(3) should be interpreted strictly without deviating from the basic concept of Salary i.e. there must be employer employee relationship

article author SACHIN SINHA

Posted On:  2 years ago


ANNUAL FILING UNDER COMPANIES ACT 2013

ANNUAL FILING REQUIRMENT FOR Private Limited, Public Limited, Listed Company and Newly Incorporated Company for the year 2013

article author CS Perila Sheth

Posted On:  2 years ago


Filing of revise computation during assessment

Assessee can file revised computation of tax before the assessing officer any time during the assessment proceeding.

article author SACHIN SINHA

Posted On:  2 years ago


Sukanya Samriddhi Account

Just an addition to your knowledge about SSA (sukanya samriddhi account).

article author DARSHAN GANDHI

Posted On:  2 years ago


BATTLE ON GST : STATES V/S CENTRE

Goods and Services Tax (GST), the 122nd Constitutional Amendment Bill, 2014 tabled by Finance Minister Arun Jaitley has already passed in the Lok Sabha. However, due to conflicts between the States and Centre and the reason that the Centre is not having majority in Rajya Sabha; GST bill is lying on the tables of Rajya Sabha since past few months, awaiting the clearance therefrom. What are the reasons of conflicts between the States and Centre? What steps are taken by the Centre to make the States affirmative to GST implementation? Why the states are taking so much time to give green signals to GST bill? This article is an attempt to find answers to some of these questions.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Definition of Indian Tax (Direct and Indirect)

Brief description and details of Indian Taxation (Direct and Indirect)

article author Sidharth Gupta