Articles by CA MOHIT SINGHAL

TDS Provision under GST

Posted by CA MOHIT SINGHAL 16 March 2019 6936 Views

There are certain category of persons for whom registration under GST act is mandatory irrespective of their turnover limits as specified in Section 22 (i.e. Rs...

Compounding Scheme under GST

Posted by CA MOHIT SINGHAL 30 August 2016 79803 Views

As all of us are aware regarding the proposed big indirect tax reform in the country in the form of GST. Based upon the Model GST La

TCS on sale of Goods and Services

Posted by CA MOHIT SINGHAL 24 May 2016 23485 Views

Section 206CTax Collected at Source:�TCS is the Tax Collected at Source by the seller (collector) from the buyer(collectee)�. Every person, being a seller, shall collect tax at source (TCS) from the buyer of goods specified in section 206

Income Tax Provision for Doctors

Posted by CA MOHIT SINGHAL 25 April 2016 28851 Views

Among the busiest of professionals, doctors have little time to learn about the latest tax law. Tax planning is often neglected in the crush of other obligations. Being India�s Top 10s income earners, they have need to give more attention to th

Input Tax Credit and Inter GST Credit

Posted by CA MOHIT SINGHAL 10 August 2015 13289 Views

Input tax credit is the amount of tax paid by the dealer on purchases for which the dealer isentitled to claim a credit. The input tax credit has to be claimed by a dealer against tax invoicewhich can be adjusted

Indian model of GST

Posted by CA MOHIT SINGHAL 31 July 2015 24767 Views

Generally, GST consist three prime models:-1. Central GST-(CGST)2. States GST-(SGST)3. Dual GST� Non concurrent dual GST� Concurrent dual GSTCGST: - Under this option, the two levels of government would combine their levies in the form of a

What is GST and its benefits?

Posted by CA MOHIT SINGHAL 25 July 2015 24513 Views

Introduction:GST stands for �Goods and Services Tax�, and aimed at creating a single, unified market that will benefit both corporates and the economy. It is an indirect tax that will lead to the abolition of all other taxes such as octro