Articles by CA PRASANTH.K

GST on Partnership to Private Limited Transition

Posted by CA PRASANTH.K 16 November 2023 1590 Views

Understand GST on closing stock & ITC transfer when moving from partnership to private limited. Ensure a smooth business transition.

Madras High Court: Rummy & Poker are Games of Skill

Posted by CA PRASANTH.K 15 November 2023 3528 Views

Madras High Court rules rummy & poker are games of skill, not chance. Learn how this landmark decision impacts online gaming regulations in Tamil Nadu.

GST Input Tax Credit on Construction Services

Posted by CA PRASANTH.K 12 November 2021 11813 Views

Understand GST input tax credit rules for works contracts and construction. Learn what's blocked and what's claimable under CGST Act, 2017.

Communicating Key Audit Matters in the Independent Auditor's Report

Posted by CA PRASANTH.K 01 September 2018 7446 Views

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

Provisions for Valuation

Posted by CA PRASANTH.K 15 July 2018 14051 Views

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

Posted by CA PRASANTH.K 14 July 2018 21174 Views

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

Posted by CA PRASANTH.K 05 July 2018 27088 Views

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...