Articles by CA. Rajvir Bhatnagar
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Taxes on Petroleum Products: A convenient cash cow
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
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
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
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?
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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