Articles by Vikas Sharma

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Sometimes you may have received a portion of your salary in arrears or in advance, or you may have received a portion of your family pension in arrears or in advance. Do you think? Will it be fully taxable in the year of receipt at the higher rates or is there any relief available on it? Yes! The..

Posted in Income Tax  9 comments |   2944 Views

The Employee Provident Fund (EPF) is an investment and more beneficial scheme enacted by the Government in the common interest of employees. In this scheme, the employer and employee, both are required to contribute an amount which is calculated on the basic wages, dearness allowance and retaining..

Posted in Income Tax  17 comments |   6113 Views

.style1 { font-style: normal; } The Board has clarified an issue in respect of transfer of input tax credit in case of death of sole proprietor vide circular no. 96/15/2019-GST dated 28th March, 2019. There are so many doubts have been raised whether section 18(3) of CGST Act provide..

Posted in GST  1 comments |   440 Views

Pure Agent in GST Law

  Vikas Sharma    11 February 2019 at 13:27

Agent is well known person in the commercial business parlance. The GST Law also talks about Agent as 'agent' means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of..

Posted in GST  1 comments |   863 Views

Debit Notes in GST Law

  Vikas Sharma    07 February 2019 at 10:48

.style1 { colorr: #475055; } Debit Notes in GST is an altogether different concept from the earlier practices. Under the GST Law, the debit note or a supplementary invoice is a convenient and legal method by which the value of the goods or services in the original tax invoice can b..

Posted in GST  18 comments |   5777 Views

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