Articles by CA Vipin Garg

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

CA Vipin Garg 13 September 2018 at 11:12

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

Posted in Income Tax | 1 comments | 10953 Views

10 practical tips to optimize physical verification

CA Vipin Garg 30 March 2018 at 12:22

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..

Posted in Audit | 12018 Views

New Finance Panel and a Task Force

CA Vipin Garg 27 January 2018 at 13:05

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

Posted in GST | 1884 Views

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

CA Vipin Garg 05 September 2017 at 10:37

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

Posted in Income Tax | 16 comments | 13302 Views

The importance of Controlling shrinkage in Retail

CA Vipin Garg 04 August 2017 at 11:02

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..

Posted in Others | 5019 Views

Real Estate & Construction Industry: Pre & Post GST

CA Vipin Garg 21 July 2017 at 11:02

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

Posted in GST | 18 comments | 28080 Views

Reverse Charge Mechanism (RCM) under GST Regime

CA Vipin Garg 17 July 2017 at 11:30

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- ..

Posted in GST | 27 comments | 28599 Views

Impact of GST on Rentals from Immovable Property

CA Vipin Garg 12 July 2017 at 16:03

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 ..

Posted in GST | 77 comments | 124776 Views

The impact on affordable housing in GST regime

CA Vipin Garg 04 July 2017 at 11:05

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

Posted in GST | 11 comments | 13359 Views

GST impact on stock available till 30th June

CA Vipin Garg 29 June 2017 at 11:28

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 ..

Posted in GST | 14 comments | 33072 Views