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Articles by Ravi Kumar Somani

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Transitional Credit of stocks older than 1 year available in GST?

  Ravi Kumar Somani    26 December 2017 at 11:35

Transitional provisions in GST law provides the tax treatment for transitional transactions and issues arising thereof.

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Posted in GST  9 comments |   17424 Views


Transferring closing balance credit of KKC and education cess to GST

  Ravi Kumar Somani    22 December 2017 at 11:30

Transitional provisions have been prescribed in the GST law which provides tax treatment for transitional matters like spill over transactions, transitional cre..

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Posted in GST  12 comments |   37590 Views


100 Issues & solutions in filing GST Returns & TRAN Forms

  Ravi Kumar Somani    23 November 2017 at 11:20

It is seen that industry, trade and professionals have been facing various issues in filing of GST Returns and transitional forms. Therefore, this article is wr..

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Posted in GST  2 comments |   8397 Views


Five Current issues in Goods and Services Tax Law

  Ravi Kumar Somani    22 November 2017 at 10:59

Five current issues in Goods and Services Tax 1) Availability of Transitional credit for Traders: It is seen that based on the concerns raised by various export..

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Posted in GST  4 comments |   21615 Views


20 Things you must know about E-Way Bills in GST law

  Ravi Kumar Somani    21 September 2017 at 10:48

20 things you must know about E - Way Bills in GST 1) Who shall furnish details: Every registered person who causes movement of goods shall furnish information ..

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Posted in GST  13 comments |   31536 Views


All you should know while filing GSTR-3B Return

  Ravi Kumar Somani    17 August 2017 at 11:22

Filing of GSTR-3B return is the first formal communication of business transactions with the government machin

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Posted in GST  18 comments |   33021 Views


GST Issues on MSME Sector

  Ravi Kumar Somani    25 April 2017 at 11:04

GST Issues in MSME Sector Medium Small and Minor enterprises contributes approximately 37% of our Nations GDP. Any negative implication of GST on this segment c..

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Posted in GST  4 comments |   7800 Views


Cenvat credit on deposits insurance - Banks v/s Departments

  Ravi Kumar Somani    20 March 2017 at 11:11

One of the major revenue earned by the bankers is in the form of interest which is outside the purview of service tax as the same is covered in the negative list.

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Posted in Service Tax  1 comments |   2943 Views


Impact of GST on procurements

  Ravi Kumar Somani    07 March 2017 at 11:14

GST is not just a tax reform but it is a business reform. It shall change the way in which business processes are performed and the way in which the business transactions are undertaken.

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Posted in GST  2 comments |   12702 Views


Transitional Challenges in GST Implementation

  Ravi Kumar Somani    24 January 2017 at 11:01

India is committed to implement Goods and Service Tax (GST). GST is expected to be implemented from April 2017 or a little later. The tax system is currently in..

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Posted in GST  1 comments |   9654 Views