Articles by CA Chitresh Gupta

All About Job Work in GST Regime

Posted by CA Chitresh Gupta 03 March 2017 13452 Views

Movement of goods to job workers is an essential business situation which occurs frequently. Many times a manufacturer send goods to a job worker for getting further work done on them

Demystifying supply as per revised model GST law

Posted by CA Chitresh Gupta 11 February 2017 8743 Views

Demystifying supply as per revised model GST law

Taxes to be subsumed in GST

Posted by CA Chitresh Gupta 06 September 2015 13546 Views

GST is commonly described as indirect, comprehensive, broad based consumption Tax. The Dual GST which would be implemented in India will subsume many consumption taxes. The objective is to remove the multiplicity of tax levies thereby reducing the co

GST rate - an unresolved issue

Posted by CA Chitresh Gupta 30 July 2015 7143 Views

One of the crucial issue for successful implementation of GST relates to the determination of the GST rate. Since the GST is primarily intended as an exercise in reforming the consumption tax in India and not an e

Key features of GST

Posted by CA Chitresh Gupta 23 July 2015 21452 Views

GST Knowledge Series#2Goods & Service Tax � Key FeaturesIn continuance of our earlier series titled GST Knowledge Series# 1, Understanding the Mechanics of Goods & Service Tax, we have discussed the basic DNA of Goods & Service Tax

Understanding the mechanics of Goods and Service tax

Posted by CA Chitresh Gupta 23 July 2015 6007 Views

GST Knowledge Series#1Understanding the Mechanics of Goods & Service TaxThe Goods and Services Tax (GST) is a comprehensive value added tax (VAT) on the supply of goods or services. It is levied and collected on value addition at each stage on sa

Analysis of Service tax rate increase from 12.36% to 14%

Posted by CA Chitresh Gupta 21 May 2015 33523 Views

ANALYSIS OF SERVICE TAX RATE INCREASE FROM 12.36% TO 14% (SUBSUMING EC ANDSHEC) EFFECTIVE FROM 01.06.2015By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)Author of Book �An Insight Into Goods & Service Tax�Managi

Service Tax: Analysis of amendments effective from 01.04.15

Posted by CA Chitresh Gupta 30 March 2015 46394 Views

SERVICE TAX: ANALYSIS OF AMENDMENTS APPLICABLE WITH EFFECT FROM 01ST APRIL 2015By CA. Chitresh Gupta, B.Com(H), FCA, IFRS (Certified), IDT (Certified)The Finance Bill, 2015 has proposed lot of changes in Service tax provisions. These changes will be

Union Budget 2014 -15 : Analysis of Major Direct Tax Proposals

Posted by CA Chitresh Gupta 14 July 2014 29692 Views

Rates of Income TaxBasic exemption limit has been increased from Rs 2 lacs to Rs 2.50 lacs for resident individuals or HUF. Income slabs Income Tax Rate Incom

Budget 2010: Service Tax on Renting of Immovable Property

Posted by CA Chitresh Gupta 04 March 2010 62165 Views

BUDGET 2010: RENTING OF IMMOVABLE PROPERTYThe Budget 2010 has made the following important amendments relating to Renting of Immovable Property Service 'Renting' activity itself regarded as taxable service (Retrospectively amended from 1 June, 200