Articles by CA Vipin Garg

Reverse Charge Mechanism (RCM) under GST Regime

Posted by CA Vipin Garg 30 May 2024 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- ...

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

Posted by CA Vipin Garg 12 March 2019 11663 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

New Finance Panel and a Task Force

Posted by CA Vipin Garg 26 July 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...

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...

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

Posted by CA Vipin Garg 04 March 2018 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 31 January 2018 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 17 January 2018 29405 Views

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

Impact of GST on Rentals from Immovable Property

Posted by CA Vipin Garg 08 January 2018 125119 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 31 December 2017 13653 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

How GST will affect Indian tax system?

Posted by CA Vipin Garg 21 December 2017 16079 Views

GST is considered to be the biggest change in Indian economy ever since the 1991 economic reforms which ushered in the globalization, bringing in a whole lot of...