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Articles by CA PRASANTH.K

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Navigating GST Considerations in Transition from Partnership to Private Limited: A Comprehensive Analysis

  CA PRASANTH.K    16 November 2023 at 09:36

In a strategic move towards future growth and market positioning, businesses often undergo transformations, and transitioning from a partnership firm to a Private Limited Company is a significant journey.

Landmark Ruling by Madras High Court: Online Rummy and Poker Recognized as Games of Skill

  CA PRASANTH.K    15 November 2023 at 09:32

In a landmark judgment on November 9, 2023, the High Court of Madras delivered a significant ruling in the case of All India Gaming Federation versus the State ..

ITC on Works Contract Service and Construction of Immovable Property

  CA PRASANTH.K    12 November 2021 at 09:57

Under GST law before taking credit of input tax the important test is the business nexus test where we have to check that input is used or intended to be used in the course or furtherance of business.

Communicating Key Audit Matters in the Independent Auditor's Report

  CA PRASANTH.K    05 March 2018 at 11:11

Objective To determine key audit matter; and To report such key audit matter after forming an opinion on the financial statement ..

Provisions for Valuation

  CA PRASANTH.K    16 January 2018 at 11:04

IntroductionEvery fiscal statue makes provision for the determination of value, on which tax is normally payable on ad-valorem basis. In GST also, tax is payab..

Input Supply on which ITC is not available - Blocked Credit

  CA PRASANTH.K    15 January 2018 at 11:49

Introduction As per sub-section (1) of section 16 of CGST Act,2017 every registered person is entitled to take credit of tax paid on input supply of goods or se..

Cancellation of GST Registration

  CA PRASANTH.K    06 January 2018 at 12:18

Who can cancel registration ? Proper officer on his own motion Application by registered person Application by legal heir of registered person, in case of deat..

Point of taxation in case of reverse charge

  CA PRASANTH.K    01 November 2016 at 10:43

POT Rule - (7) , When Point of Taxation attracts in case of reverse charge.