Articles by CA Umesh Sharma

Krishna, how are the tax departments and taxpayers going to celebrate the blissful festival of Raksha bandhan this COVID period?

As we all are fighting with the coronavirus, and alcohol-based hand sanitizers being a major weapon in this war, there is still confusion on GST rate to be charged on the same. The manufactures and GST officers are having an argument, whether it should be charged at 12% or 18%.

Change in TDS on cash withdrawal from 1st July 2020!

Here is this beautiful conversation between Arjuna and Krishna. Krishna is clearing Arujan's doubts regarding recent changes in late fees on GSTR-3B

Some major recommendations were put forth by the GST Council in the 40th GST Council meeting. What further step has CBIC taken to give effect to the recommendations

The GST council has made recommendations for measures of trade facilitation including Reduction in late fees for past returns, Relief measures for small taxpayers & one time extension in period for seeking revocation of cancellation of registration. Let us discuss these recommendations in detail.

Is ITC eligible on expenses made for employee's health safety? The lockdown has promoted the Work from home Culture. Is ITC eligible for such expenses? Read what Krishna has reply to these queried posed by Arjuna

Conversation between Krishna and Arjuna of GST. Krishna as always is trying to clear the clouds for Ajuna and show the path ahead. In this conversation, Krishna is telling Arjuna about how one can correct his mistakes of GST challan through Form GST PMT 09.

As per the official notification of the CBDT it is mandatory for an employee to intimate his employee if he is opting for the concessional tax rates under the new tax regime for the purpose of TDS deduction on salary.

Is GST payable under RCM on Director's Remuneration or not? The Director's remuneration in case of employee director does not fall under the purview of supply itself, and hence, RCM provisions are not applicable to it.