Articles by CA Santhosh Gupta Kethepalli

What is E way bill under GST?

Posted by CA Santhosh Gupta Kethepalli 23 July 2020 4069 Views

E Way Bill is Mandatory in a case where the goods are being sent by a Principal located in one state to a Job worker located in any other state, the E Way Bill shall be generated by the principal irrespective of the value of the Consignment.

Special provisions for computing profits from plying, hiring or leasing goods carriage

Posted by CA Santhosh Gupta Kethepalli 16 July 2020 4044 Views

Section 44AE provides for estimating the business income of an owner of goods carriages from the plying, hire or leasing of such goods carriages.

Blocked Credit Sec.17(5) of CGST Act, 2017

Posted by CA Santhosh Gupta Kethepalli 13 July 2020 7924 Views

Input tax credit is not available in respect of certain inward supply of goods or services as per Section 17(5) of the CGST Act, 2017 this is called blocked ITC.

Composition Scheme: Sec.10 of CGST Act, 2017

Posted by CA Santhosh Gupta Kethepalli 09 July 2020 9955 Views

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover.

Statement of Financial Transaction or Reportable Account- Sec 285BA of IT Act

Posted by CA Santhosh Gupta Kethepalli 07 July 2020 7611 Views

Obligation to furnish statement of financial transaction or reportable account {Sec - 285BA, Income-tax Act, 1961

Equalisation Levy in Income Tax Act, 1961

Posted by CA Santhosh Gupta Kethepalli 06 July 2020 9328 Views

Transformation by CBDT from Taxing Business Income to Business Transactions

GST Registration: Eligibility and Procedure

Posted by CA Santhosh Gupta Kethepalli 03 July 2020 10975 Views

Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both.

Measures to discourage Cash Transactions and to promote Digital Economy by CBDT

Posted by CA Santhosh Gupta Kethepalli 02 July 2020 3462 Views

Sections 269SS and 269T which deals with cash payment and repayment of loans and deposits. Both the sections were introduced to curb the black money. Tax evasion is one of the serious problems in India causing economic disparities.