indirect taxes problems


Last date for GST payment and GSTR3B return extended by 5 days

LAST DATE FOR PAYMENT OF GST AND FILING OF RETURN FOR JULY 2017 EXTENDED BY 5 DAYS The last date for payment of taxes and filing of GST Return in Form 3B for the month of July is 20th of August 2017 Since it is the first Return to be filed under GST the tax payers and the tax practitioners have requ

Issues arising from implementation of MAT on IAS compliant companies

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Issues arising from the implementation of Minimum Alternate Tax MAT provisions relating to Indian Accounting Standards Ind AS compliant companies Finance Act 2017 amended the provisions of section 115JB of th

GST not to be added for TDS computation : CBDT

F No 275 59 2012 IT B Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block New Delhi Circular No 23 2017 Dated 19th July 2017 Subject Modification of Circular No 1 of 2014 in view of substitution of Service Tax by Goods and Services Tax GST The Cent

GST to be examined for 75 marks from May 18 CA Exams

Sub GST BE EXAMINED INPAPER 8 INDIRECT TAX LAWS IN MAY 2018FINAL EXAMINATION UNDER OLD SCHEME OF EDUCATION AND TRAINING As has already been announced students appearing in November 2017 final examination will be examined on Overview of GST for 10 marks in Paper 8 Indirect Tax Laws The syllabus of Fi

Intermediate Announcement for May 2018 old and new syllabus

Sub GST BE EXAMINED IN SECTION B INDIRECT TAXES OF PAPER 4 TAXATION IN MAY 2018 INTERMEDIATE IPC EXAMINATION UNDER OLD SCHEME OF EDUCATION AND TRAINING As has already been announced students appearing in November 2017 IIPC examination would not be examined on Goods and Services Tax GST in Section B

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Experts Opinions

Indirect tax

What is counter balance

Municipal taxes paid by tenant allowed as expense under it .

Tenant has paid 100 of municipal taxes and property valuation expense can he cliam it as his expenditure in case it is not been reimbursed and whether such exp is allowed under income tax act

How will be the indirect tax part in nov2017 ipcc taxation

Good afternoon Sir after applicability of GST is there any change in Question pattern of Indirect tax in IPCC taxation question paper nov2017 like theory will be more rather than practical question as the theory deifinition will be the same in GST also


Can i get indirect expenses wise gst rate for rcm payments

Itc of paid gst on various indirect exp. e.g. stationery

I have a query is that suppose that I have running a business trading of shoes and I buy some coffee to use for our employees and this purchased from Registered Dealer with pay GST how I got this ITC and how to post entries in tally please help me for solve this query Thank You



if some1 could help me out with AS IPCC i would be very grateful email id club india yahoo com

saving taxes from rented income

how can we split leave and license agreement to save taxes and what type of agreements we have to make

Ca final indirect tax book for ca final nov 2017

Hello I have 1 Querry I didnt joined any classes fot IDT Ca Final Nov 2017 So can u suggest me Very Good So icanunderstand and studyIDT by self study Most Of the people suggest me Y bangar Book So please Suggest me the good book Of IDT For CA Final Nov 2017 attempt

Audit of Company!! Problems!!

need to file company s itr and prepare its 3cd so can anyone pls help on IND AS and ICDS to follow up on this and how to deal with them as well fy 16 17 is the year Also can this company show some sales in cash of opening stock of amount to rs 8 5 lacks whether in breakup or kind of

Record indirect expnses having multiple rate of gst in tally

A Pvt Ltd Co incurred some repairing charges for its Car who is aregistered dealer The Dealer has provided the invoice which contains some goods supplied which are chargeable to gst 28 some goods chargeable to gst 18 and it also includes the labour charges upon which gst rate applied 18 Total value

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  • CA Final Summary of Direct & Indirect Tax Case Laws

    The Case Laws of Direct Indirect Taxes relevant for CA Final Examination Nov 2017 Attempt are presented in a summarized format for quick revision purpose
  • No TDS on GST component of service remuneration clarifies CBDT

    Today the Central Board of Direct Taxes CBDT has issued a Circular No 23 2017 clarifying that wherever in terms of the agreement or contract between the payer and the payee the component of Goods and Services Tax GST on services comprised in the amount payable to a resident is indicated separately tax shall be deducted at source under Chapter XVII B of the Income tax Act 1961 the Act on the amount paid or payable without including such GST on services component GST for these purposes shall include Integrated GST Central GST State GST and Union Territory GST For the purposes of this Circular any reference to service tax in an existing agreement or contract which was entered prior to 1 July 2017 shall be treated as GST on services with respect to the period from 1 July 2017 onward till the expiry of such agreement or contract The CBDT Circular is attached here for your reference Please communicate appropriately to your relevant client group
  • GST Back calculation

    Traders need not worry about the Price GST Rather with the help of this sheet they can sell inclusive of GST and back calculate to divide the taxes
  • Videos on GST - CA Final Students (Nov 2017)

    Hello Students The students appearing for CA Final Nov 2017 kindly click on the below link as it contains videos will help you to understand Types of taxes Utilization of taxes Definition of Exempt Supply Concept of Reverse charge and Distinct person in GST Do see and share
  • Accounting Standards for IPCC

    Concepts with past exam problems for IPCC Nov 2017

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Types of taxes to be levied when 3 parties are involved in transactions

Statutory Provision IGST Act 10 1 b where the goods are delivered by the supplier to a recipient or any other person on the direction of a third person whether acting as an agent or otherwise before or during movement of goods either by way of transfer of documents of title to the goods or otherwise

Taxes which will NOT get subsumed in GST

Goods and Services Tax GST Indias biggest tax reform is launched at midnight by Prime Minister Narendra Modi at Parliaments historic Central Hall in the presence of President Pranab Mukherjee on 1st July 2017 It is the fourth time since Independence that an event will be held there at midnight The l

A brief introduction of taxes to be subsumed under GST

GST is all set to roll out from 1 July 2017 Broadly GST is referred as One nation one tax GST is one indirect tax for the whole nation converting India into the single unified market GST is a single tax on the supply of goods and services right from the manufacturer to the consumer Credits of input

Solved paper for CA Final Indirect Tax May 17 Exams

Q 1 a CNC India Ltd is engaged in the manufacture of machines It has supplied one machine to M s Advaith India Ltd At a price of Rs 11 25 000 excluding excise duty VAT Cash discount 3 on price of the machinery is allowed to M s Advaith India Ltd Further following additional amounts as indicated belo

How to be proactive on your potential financial problems?

Most of today s problems are yesterday s challenges overlooked It is always considered a wise thing to perceive problems before they arise and attend to them at the earliest By doing so you will be spared from the trouble you may have to undergo in the later stages Here are few pointers to assist yo

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Updated on : 8/21/2017 10:37:24 AM


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