Articles by Ravi Kumar Somani
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Impact of GST on procurements
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.
Impact of GST on Automobile Dealers Industry
The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP).
Issues in respect of Taxability of various softwares
If material and service portion cannot be segregated, then 70% of the value is deemed to be the standard service element as per the service tax law.
Service Tax Audits by Department - Legal Position
Service Tax Audits by Department - Legal Position - By CA Ravi Kumar Somani & Rakesh SaraswathINTRODUCTION:Service Tax law operates under the concept of sel
Action Points before GST Implementation
Since the tax system is in the transitional phase, hence, this is the right time for businesses to understand the immediate action points for smooth implementat...
Impact of GST on Real-Estate Sector
The implementation of GST is possible from April 2017 or little later. Migrating to the new tax regime could have substantial impact on the business houses.
Service Tax implications on Land Development Agreements between landlord and developers
In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there is a sharp downturn being noted in the sale of residential and commercial construction projects irrespective of fact tha
Service Tax versus VAT in case of Renting of Motor Vehicles/ Cabs
SomaniCurrently, there is lot of confusion among the industry, trade and the taxmen on whether the activity of Renting of movable goods or supply of tangible goods attracts Servi
Transitional issues in Goods and Services Tax - Series 1
Constitutional amendment bill for levying Goods and services tax
Valuation of Non-monetary consideration under Service Tax
The term �service� is defined under service tax law to mean any activity for �consideration� by one person for another. In this regard
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