Articles by CA Vipin Garg

Benami Law: A Journey from perfectly legal to a Criminal Offence with Imprisonment

Posted by CA Vipin Garg 13 September 2018 11662 Views

1. Historical Background of Benami Law � Perfectly Legal before 1988 1.1. Benami transaction in simple words implied that the real owner of the

10 practical tips to optimize physical verification

Posted by CA Vipin Garg 30 March 2018 14436 Views

Physical verification of inventory is an uphill task for retailers. Being a tedious task, it not only takes hours but is also a function with higher possibiliti...

New Finance Panel and a Task Force

Posted by CA Vipin Garg 27 January 2018 2064 Views

The cabinet approved the constitution of the fifteenth finance commission. The fifteenth finance commission will determine the devolution formula for the revenu...

Real Estate Development Agreements, Share Valuation & Charitable Trusts : Recent Tax Amendments

Posted by CA Vipin Garg 05 September 2017 13852 Views

1. Taxation of Capital Asset under Development Agreement with Builder - In recent past, it has quite been a trend that individual plot/house owners enter in

The importance of Controlling shrinkage in Retail

Posted by CA Vipin Garg 04 August 2017 5725 Views

In today's competitive retail world, retailers are tasked with more responsibility than ever before. Not only do they have to deal with increased competitive pr...

Real Estate & Construction Industry: Pre & Post GST

Posted by CA Vipin Garg 21 July 2017 29401 Views

The never ending litigation of taxation relating to works contracts, particularly in construction industry and more particularly & challenging in real estate in...

Reverse Charge Mechanism (RCM) under GST Regime

Posted by CA Vipin Garg 17 July 2017 28836 Views

The Reverse Charge Mechanism (RCM) under GST Regime is two-fold. Case1: Specified Supplies- Sec 9(3) of CGST Act Case 2: Supplies from Unregistered Persons- ...

Impact of GST on Rentals from Immovable Property

Posted by CA Vipin Garg 12 July 2017 125117 Views

Under GST Regime, "renting of immovable property" is included in schedule II which defines it as supply of services on which the GST rate is 18%. However Entry ...

The impact on affordable housing in GST regime

Posted by CA Vipin Garg 04 July 2017 13652 Views

Measures for promoting affording housing�It is proposed to exempt service tax on construction of affordable houses up to 60 square meters under any scheme

GST impact on stock available till 30th June

Posted by CA Vipin Garg 29 June 2017 33346 Views

Goods and Services Tax (GST) is considered to be the biggest tax reform in independent India. As the deadline comes closer, small and medium companies as well ...