Articles by Ravi Kumar Somani

50 Practical FAQs on RoDTEP Scheme

Ravi Kumar Somani 19 August 2021 at 09:22

RoDTEP scheme is notified for the remission of duties, taxes and other levies at the Central, State and local level which are borne on the exported goods manufactured in India.

Posted in Custom | 11652 Views

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.

Posted in GST | 9 comments | 17892 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..

Posted in GST | 12 comments | 38676 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..

Posted in GST | 2 comments | 8721 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..

Posted in GST | 4 comments | 22014 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 ..

Posted in GST | 13 comments | 31767 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

Posted in GST | 18 comments | 33519 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..

Posted in GST | 4 comments | 8205 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.

Posted in Service Tax | 3330 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.

Posted in GST | 1 comments | 12990 Views