Articles by Ravi Kumar Somani

RoDTEP Scheme FAQs: Your Guide to Export Benefits

Posted by Ravi Kumar Somani 02 September 2021 14400 Views

Got questions about the RoDTEP scheme? Find answers to 50 FAQs covering benefits, eligibility, restrictions, and how to claim your export remission.

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

Posted by Ravi Kumar Somani 24 June 2018 18068 Views

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

Transferring closing balance credit of KKC and education cess to GST

Posted by Ravi Kumar Somani 22 December 2017 39072 Views

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

100 Issues & solutions in filing GST Returns & TRAN Forms

Posted by Ravi Kumar Somani 22 May 2018 8879 Views

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...

Five Current issues in Goods and Services Tax Law

Posted by Ravi Kumar Somani 21 May 2018 22222 Views

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...

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

Posted by Ravi Kumar Somani 21 September 2017 31959 Views

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 ...

All you should know while filing GSTR-3B Return

Posted by Ravi Kumar Somani 13 February 2018 33752 Views

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

GST Issues on MSME Sector

Posted by Ravi Kumar Somani 22 October 2017 8403 Views

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...

Cenvat credit on deposits insurance - Banks v/s Departments

Posted by Ravi Kumar Somani 16 September 2017 3675 Views

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.

Impact of GST on procurements

Posted by Ravi Kumar Somani 08 March 2017 13159 Views

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.