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Posted On:  2 years ago


Change in Service Tax effects of Swachh Bharat Cess

The government has come up with introduction of SBC immediate post festive season. Notification no. 21/2015 has been issued appointing 15th November, 2015

article author One Roof Consultant

Posted On:  2 years ago


Legal Remedies For A Share Market Trader

Disputes arise between Traders,investors ( constituents ) and brokers during normal course of business. This article dwells with the issues and provides insghts to remedies available in such a scenerio

article author Lakshmanan V S

Posted On:  2 years ago


Service Tax Penalty u/s 76 & 78

Service tax has become a major source of revenue to the government. Service tax being complicated on many issues and interpretation often lead to litigation.

article author CA. VINEET RATHI

Posted On:  2 years ago


PROPOSED REFUND PROCESS UNDER GST – HAPPINESS ON THE WAY TO EXPORTERS

Goods and Services Tax (GST) is said to be the most awaited indirect tax reform of India since independence. Due to much hyped advantages, the industry is eager to welcome GST and so is the Government. On the way forward to GST, government has issued the ‘Report of The Joint Committee on Business Processes for GST’ for the persual of industry at large. Suggestions have also been invited for the improvement of business processes discussed in this report. The report is divided into three parts namely GST Registration, GST payment process and GST refund process. In this piece of diction, we have tried to give an insight of the third part of this report namely “GST Refund process”.

article author CA PRADEEP JAIN

Posted On:  2 years ago


Input credit and payment of Invoices.

Reversal of CENVAT credit in respect of invoices where payment is not made within 3 months of date of invoice. Consequences of not making payment within three months of the date of the invoice- where service provider is liable to discharge service tax liability - See more at: https://expertmile.com/arti.php?article_id=880&title=Input-credit-and-payment-of-Invoices.#sthash.upuqSOv6.dpuf

article author SAGAR BHALERAO

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:  3 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:  3 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:  3 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:  3 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:  3 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