Articles by Manoj Agarwal

Major relief to small taxpayers from reverse charge

Posted by Manoj Agarwal 03 July 2017 89910 Views

REVERSE CHARGE U/s 9(4) is EXEMPTED for Inward Supply Value upto Rs. 5000 in a Day from one or more suppliers. Various scenerios are analysed by the writer.

Salient features of new PMGKY Income Disclosure Scheme 2016

Posted by Manoj Agarwal 30 November 2016 7516 Views

Proposed Salient Features of Pradhan Mantri Garib Kalyan Yojna, 2016 for disclosing #blackmoney held as #cash or deposits1. Applicable for undisclosed income in...

No TCS on provision of any service due to drafting anomaly in Section 206C of IT Act

Posted by Manoj Agarwal 09 June 2016 7961 Views

I am sure that you are completely surprised by the title because nobody has yet pointed out such an anomaly!! You heard it right and please do let me explain. The Hon�ble Finance Minister Shri Arun Jaitley has brought amendment in Section 206C

Rate of Service Tax - Section 67A linked with POT Rules, 2011 to prevent disputes

Posted by Manoj Agarwal 07 March 2016 10360 Views

BACKGROUND – Section 67A and POT Rules:The Point of Taxation Rules, 2011 (in short POT Rules) was introduced w.e.f. 01-04-2011 to define and determine the point of taxation (in short POT) i.e. point in time when a service shall be deemed to hav

Whether the Levy of Swachh Bharat Cess is challengeable? Yes, it seems to be...

Posted by Manoj Agarwal 20 November 2015 11074 Views

To finance and promote Swachh Bharat initiatives, an enabling provision was incorporated in the Finance Act, 2015 (hereinafter referred as the Act) vide Chapter VI to empower the Central Government to impose a Swachh Bharat Cess (hereinafter referred

All about Swachh Bharat Cess - FAQs

Posted by Manoj Agarwal 20 November 2015 12249 Views

The Hon�ble Finance Minister Shri Arun Jaitley while presenting Union Budget for the year 2015-16 on 28th February, 2015 had introduced a new cess to be named as Swachh Bharat Cess to be levied and collected on taxable services. Unfortunately,

YOGA is now Tax Free Service - Baba Ramdev must be delighted!!

Posted by Manoj Agarwal 24 October 2015 21531 Views

In a welcome move to promote YOGA, the Central Government has exempted the activities relating to 'advancement of yoga' from the levy of service tax.The definition of 'charitable activity' contained in mega exemption notification no.

Proposed GST Return - Salient Features

Posted by Manoj Agarwal 22 October 2015 28336 Views

Dear Tax Payer, Greetings of the Day!! The Joint Committee on Business Process for #GST has submitted it's Report on GST Return. The salient features for proposed #GSTReturn are as below:1. There will be common E-Return for CGST, SGST, IGST and A

Utilization of CESS: Whether industry has been fooled?

Posted by Manoj Agarwal 04 May 2015 9825 Views

In a significant move towards Goods & Service Tax (GST), the Central Government had issued Notification No. 14/2015-CE and 15/2015-CE dated 01-03-2015 (as part of the Union Budget – 2015 Notifications) whereby it exempted all goods falling

Transit Sale - Dealer Registration is not mandatory

Posted by Manoj Agarwal 22 April 2015 10990 Views

The Central Government has issued Notification No. 08/2015-CE(NT) dated 01-03- 2015, which is effective from the date of issue, has inter alia, inserted the following 3rd proviso in Rule 11(2) of Central Excise Rules, 2002 (CER, 2002)