GST Law provides for some safeguards and provisions to levy taxes on a person who doesn't have any permanent base for supplying goods or services or a foreigner who entered in taxable territory without any intention to stay in India for a long time with a fixed base to supply goods or services i..

Posted in GST  0 comments |   1005 Views




In this article, the author specifically discusses about the Section 4 to 32 of Chapter I of Part II of the Insolvency and Bankruptcy Code, 2016 dealing with INSOLVENCY AND RESOLUTION AND LIQUIDATION FOR CORPORATE PERSONS. This part of the code deals with the insolvency resolution and liquidation..

Posted in Corporate Law  2 comments |   214 Views



Concept of Branch Transfer in GST Act

  Somil    24 June 2017 at 13:49

I. Provisions under the GST Act Sub-sections (2), (4) and (5) of Section 25 specifies the following person as the distinct person: (2) A person seeking registration under this Act shall be granted a single registration in a State or Union territory: Provided that a person having multiple ..

Posted in GST  3 comments |   1719 Views




With GST knocking at the door,  people  are anxious, worried, queried how will things would turn out? With no clear ideas, no clear views. But the important thing amidst all things is that you need to be prepared, all geared up for GST.  The First Round, all set for the T..

Posted in GST  14 comments |   3435 Views




OBLIGATION TO FURNISH STATEMENT OF FINANCIAL TRANSACTION OR REPORTABLE ACCOUNT UNDER PROVISIONS OF SECTION 285BA OF THE INCOME TAX ACT, 1961; SECTION 285BA provides that any person, being (a) An assessee; or (b) The prescribed person in case of office of Government; or (c) The Registrar or S..

Posted in Income Tax  1 comments |   254 Views




Along with the rest of the country, the salaried class waits for the annual budget to be announced each year. They look up to the government to provide them with higher take home pay by way of increase in tax free income and lowering of tax slabs. They also look for some relief through savings optio..

Posted in Income Tax  5 comments |   1788 Views




Introduction of GST to the Indian Tax System GST is considered to be the biggest change in Indian economy ever since the 1991 economic reforms which ushered in the globalization, bringing in a whole lot of changes in all the business sectors of India. Although the GST is concerned with indirect t..

Posted in GST  8 comments |   3587 Views



How can CA loan help your practice grow?

  Guest    23 June 2017 at 11:59

Linkedin Profile of Abhinay Chopra read: CA Abhinay Chopra Proprietor at Chopra & Associates since 2012 Mumbai Area, India | 359 connections Endorsed by 21 connections Featured Skills: Direct Tax, Indirect Tax, Statutory Audit, and MIS About Chopra & Associates: Started five years ba..

Posted in Career  1 comments |   2995 Views




Today everyone is talking about Goods and Services Tax (GST). It is the most compact, simple yet confusing system of taxation to be rolled out in India from 1st Day of July,2017 and will demolish number of wide indirect taxes such as Value Added Tax (VAT), Service Tax and Excise. Most of us are t..

Posted in GST  3 comments |   1911 Views



Time of supply under GST with Examples

  Vikas Modi    23 June 2017 at 11:03

Time of Supply with Examples Need and Meaning of Time of Supply: For the purpose of paying tax liability, point of taxation is required. Time of supply is nothing but, it is point of taxation. When the supplies have been made at that time, point of taxation has arisen. To find out that supplie..

Posted in GST  7 comments |   3636 Views




EXEMPTION NOTIFICATION FOR PRIVATE COMPANIES INTRODUCTION: Previously, Ministry of Corporate Affairs by notification number G.S.R. 464(E) dated 5th June, 2015 has given several exemptions to Private Companies. MCA via notification number G.S.R. 583(E) dated 13th June, 2017 has added few more..

Posted in Corporate Law  0 comments |   934 Views



Composition Scheme - GST

  ROHIT    22 June 2017 at 11:18

With the onset of GST, I have been receiving a lot of emails from small business houses complaining that the compliance in GST is too much for them to manage on their own, resulting in additional cost; either increase the manpower or the professional fees paid to consultants. So, what should they do..

Posted in GST  21 comments |   3975 Views




BENEFITS OF GST (GOODS & SERVICES TAX) GST is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and state governme..

Posted in GST  1 comments |   1726 Views




Anti Profiteering Measures Introduction: Goods and Service Act is in its way to be implemented recently  and law maker  are sure  that with the  implementation of GST, cost of production and  prices will surely  reduce. In order to ensure that the reduction in co..

Posted in GST  1 comments |   1401 Views



Audit under Goods and Services Act

  Shobhit Gupta    22 June 2017 at 11:14

Types of Audit Audit by Tax Authorities Special Audit Audit by Tax Authorities Under What circumstances: Not Specific, means order can be given under any circumstances. Who can order: Commissioner or any officer authorised by him. What kind of order: General or Special  i..

Posted in GST  2 comments |   2497 Views



All about Startup

  Mr. Vivarth Dosar    22 June 2017 at 11:12

The Government of India, Ministry of Commerce & Industry, Department of Industrial Policy & Promotion, vide its Notification G.S.R. 501 (E) dated 17th February, 2016 has come out with a revised definition of 'STARTUP'. This initiative of the Government has been taken to encourage and..

Posted in Corporate Law  1 comments |   766 Views



FAQs on Transitional Provision of GST

  Mayur    22 June 2017 at 11:12

As we will be part of the Historic change in the taxation structure of India which is moving from multiple taxes to one tax GST. Now as far as transition phase is concerned, there may be precautions to be observed by the registered persons as well as Professionals. On the basis of issues we have rec..

Posted in GST  17 comments |   5541 Views




What Notification says? The Principal Commissioner of Central Tax, Bengaluru West and all the officers subordinate to him are appointed as the officers empowered to grant registration in case of online information and database access or retrieval (OIDAR) services provided or agreed to be pro..

Posted in GST  5 comments |   3961 Views




Notification 1/2017 - Integrated Tax: Notified 6 sections of IGST Act with effect from 22nd June 2017    Appointment date as 22nd June 2017 for Section 1, 2, 3, 14, 20, 22 of the IGST Act coming into force. Reason for notification before 1st July 2017: To enable enactment of the Act ..

Posted in GST  1 comments |   8345 Views



Reverse Charge Under GST

  Shubham Gupta    21 June 2017 at 11:18

Reverse Charge has always been a mystery box and with the rise of GST, reverse charge will become a major discussion point and will need time for all the stakeholders to gain comfort on it. For those who are new to the concept of Reverse Charge a small flashback for them, Reverse Charge is a impo..

Posted in GST  16 comments |   13099 Views




Updated on : 26/06/2017 02:16:00


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