Articles by CA Chitresh Gupta

All About Job Work in GST Regime

CA Chitresh Gupta 03 March 2017 at 11:48

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

Posted in GST | 13317 Views

Demystifying supply as per revised model GST law

CA Chitresh Gupta 11 February 2017 at 11:30

Demystifying supply as per revised model GST law

Posted in GST | 1 comments | 8613 Views

Taxes to be subsumed in GST

CA Chitresh Gupta 06 September 2015 at 19:20

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

Posted in GST | 2 comments | 13383 Views

GST rate - an unresolved issue

CA Chitresh Gupta 30 July 2015 at 10:32

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

Posted in GST | 2 comments | 7038 Views

Key features of GST

CA Chitresh Gupta 23 July 2015 at 10:25

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

Posted in GST | 7 comments | 21153 Views

Understanding the mechanics of Goods and Service tax

CA Chitresh Gupta 23 July 2015 at 10:17

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

Posted in Service Tax | 2 comments | 5883 Views

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

CA Chitresh Gupta 21 May 2015 at 11:51

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

Posted in Service Tax | 5 comments | 32844 Views

Service Tax: Analysis of amendments effective from 01.04.15

CA Chitresh Gupta 30 March 2015 at 10:48

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

Posted in Service Tax | 17 comments | 46284 Views

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

CA Chitresh Gupta 14 July 2014 at 11:54

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

Posted in Others | 5 comments | 29568 Views

Budget 2010: Service Tax on Renting of Immovable Property

CA Chitresh Gupta 04 March 2010 at 13:00

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

Posted in Service Tax | 2 comments | 62067 Views