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Articles by CA. Rajvir Bhatnagar

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Taxes on Petroleum Products: A convenient cash cow

  CA. Rajvir Bhatnagar    22 December 2015 at 10:33

Petroleum under GST regime:The Constitutional Amendment Bill on Goods & Services Tax (GST), recently cleared by the Cabinet provides that petroleum & petroleum products viz. petroleum crude, high speed diesel, motor spirit (petrol), natural g

Goods & Services Tax (GST): Revenue Neutral Rate of Tax

  CA. Rajvir Bhatnagar    27 November 2015 at 11:55

Introduction of GST is an important step in the direction of much awaited tax reforms. With the passage of the Constitution Amendment Bill, 2014 for in May, 2015, Government is now all set to implement Goods and Services Tax (GST) by April 2016, subj

Stage now set for implementing Accounting Standards converged with IFRS

  CA. Rajvir Bhatnagar    10 March 2015 at 10:36

Ministry of Corporate Affairs has finally announced the Companies (Indian Accounting Standards) Rules, 2015 for applicability of Accounting Standards converged with IFRS. A notification in this regard has been issued on 16th February, 2015. Important

IFRS 15: Revenue recognition from contracts with customers

  CA. Rajvir Bhatnagar    09 February 2015 at 10:19

IFRS 15: Revenue recognition from contracts with customers - Major changes in the offing for some industriesA new Standard, laying down revised guidance for recognising revenue from contracts with customers has been introduced by International Accoun

Union Budget 2015: Time to shift to Accrual based Budgeting?

  CA. Rajvir Bhatnagar    07 February 2015 at 11:56

Mid Year Economic Review 2014-15 carried out by the Government had listed the following fiscal challenges, besides two others: o Budget was unduly over burdened by a legacy of carried over expenditureo Revenue projections were over optimistic There i

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