Articles by Ravi Kumar Somani

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50 Practical FAQs on RoDTEP Scheme

Posted by Ravi Kumar Somani 02 September 2021 14326 Views

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.



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

Posted by Ravi Kumar Somani 24 June 2018 18039 Views

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



100 Issues & solutions in filing GST Returns & TRAN Forms

Posted by Ravi Kumar Somani 22 May 2018 8845 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 22209 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...



All you should know while filing GSTR-3B Return

Posted by Ravi Kumar Somani 13 February 2018 33732 Views

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



Transferring closing balance credit of KKC and education cess to GST

Posted by Ravi Kumar Somani 22 December 2017 39040 Views

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



GST Issues on MSME Sector

Posted by Ravi Kumar Somani 22 October 2017 8358 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...



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

Posted by Ravi Kumar Somani 21 September 2017 31898 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 ...



Cenvat credit on deposits insurance - Banks v/s Departments

Posted by Ravi Kumar Somani 16 September 2017 3633 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.



Transitional Challenges in GST Implementation

Posted by Ravi Kumar Somani 23 July 2017 10105 Views

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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