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Articles by CA RITUL PATWA

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Risk review of an assessee who deposits Rs. 500 and 1000 currency without proper source of income

  CA RITUL PATWA    14 November 2016 at 10:48

Prosecution Risk for Rs. 500/- and Rs. 1000/- notes deposited in Bank without proper Explanation of the Source of Income



Action plan for promoting startups in India

  CA RITUL PATWA    09 April 2016 at 12:36

The concept of building a Start-Up environment in India and creating an eco-system for developing entrepreneurship in India, the Government has issued an Action Plan for the �STARTUP�s IN INDIA�. The various aspects of the action pl



Benefits granted to start-ups in the budget 2016

  CA RITUL PATWA    01 March 2016 at 10:44

The budget for the F.Y.2016-17, has been presented by the H�ble Finance Minister, Sh. Arun Jaitely Ji on 29th February, 2016. With a view to promote the Start-Up culture in India and to develop entrepreneurship, the F.M. has added a Special Pro



Requirements for ST registration in India

  CA RITUL PATWA    29 January 2016 at 11:02

Service Tax is an Indirect Tax in India enacted under the Finance Act, 1994. The government of India has streamlined the process of Service Tax Registration across India and a common set of documents are prescribed for the same. The entire process is



Service Tax on Transportation by Education Institutions

  CA RITUL PATWA    04 December 2015 at 10:22

Service Tax Department has initiated to issue Notices to the Education Institutions for charging Service Tax (retrospectively) on the Transportation Charges / Bus Fees charged by them from their Students, Staff or Faculty between the period from 01-0



Guidelines for issue of prosecution under service tax

  CA RITUL PATWA    09 November 2015 at 11:42

The Central Board of Excise and Customs have vide Circular No. 1009/16/2015-ST Dated 23-10-2015 issued consolidated guidelines for launching of prosecution under the Central Excise Act, 1944 and the Finance Act, 1994 regarding Service Tax. The detail



Work contract tax in Rajasthan

  CA RITUL PATWA    23 June 2015 at 10:42

The government of Rajasthan has made radical changes in the Works Contract Tax Liability for contracts awarded in Rajasthan for the F. Y. 2015-16. This includes WCT liability on the Contractor as well as TDS deduction liability on the awarder of the



Exemptions to private limited companies under Co. Act, 2013

  CA RITUL PATWA    15 June 2015 at 11:44

In light of continuous representations being given to the government by Chartered Accountants, Trade Associations and Industry, seeking relaxation in certain provisions of the The Companies Act, 2013 applied to Private Limited Companies - MCA has iss



Service Tax amendments in Finance Bill 2015

  CA RITUL PATWA    04 March 2015 at 10:27

The budget for the F. Y. 2015-2016 has been presented by the Hble Finance Minister, Sh. Arun Jaitely Ji on 28th February, 2015 with a focus for smooth transition of all the Indirect Taxes towards the Goods & Services Tax (GST) proposed to



VCES 2013 - Clarification on issuing of VCES-3 by department

  CA RITUL PATWA    10 October 2013 at 15:45

There is a constant problem faced by the declarant that despite of the deposit of full tax dues as per the Declaration made by him and furnishing of the details of payment to the department, the department is not issuing VCES 3 on the pretext of cer