Articles by Ravi Kumar Somani

GST on trading of Priority Security Lending Certificates by Banks

Posted by Ravi Kumar Somani 28 November 2018 3621 Views

BACKGROUND:Priority Sector Lending Certificates (PSLCs) are tradable certificates issued against priority sector loans of banks so as to enable banks to achieve...

Service Tax v/s VAT on Renting/Hiring of Motor Cabs

Posted by Ravi Kumar Somani 16 December 2014 19737 Views

IntroductionRenting/Hiring of Motor vehicles has mostly been an unorganized sector with mainly individual business houses dominating the sector by operating with limited vehicles (mostly owned

Do's and Don'ts in Mandatory Pre-Deposit during Appeals under Service Tax

Posted by Ravi Kumar Somani 04 November 2014 17660 Views

Litigation under service tax starts by issuance a Show Cause Notice under the provision of section 73 of th

Mandatory Pre-Deposit of Demand - Departmental Clarification

Posted by Ravi Kumar Somani 27 October 2014 18641 Views

Departmental clarification on mandatory Pre-Deposit of Demand Honorable Finance Minister in the union budget speech shared his thoughts on various matters concerning social, economical, political, business and other reforms. One very crucial informa

Service Tax on Joint Development Agreements

Posted by Ravi Kumar Somani 22 October 2014 38589 Views

In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there is a sharp downturn being noted in the sale of residential and commercial con