Popular Articles

MSME Registration in India: Procedure & Benefits

Anil Tanwar 03 April 2019 at 10:26

The procedure for MSMEregistration in Indiahas now become extremely simple and easy. Moreover, upon registering, the MSMEs can enjoy various benefits and scheme..

Composite contracts - Service Tax leviable on service element

MONISH BHALLA 28 May 2010 at 15:42

Strange are the ways Tribunals of this country behave, reversing judgments has been on a spree and this time it’s a seven year old CESTAT judgment in the Daelim Industrial Co. Ltd. vs. CCE, Vadodara (CEO 2003 CESTAT 14), which ruled the issue o

Rule 86B under GST | Restriction on Utilisation of ITC in Electronic Credit Ledger

CA Amit Harkhani 02 February 2021 at 09:12

The ITC available in the electronic credit ledger could always be fully utilised for discharging the output tax liability. The new Rule 86B has limited the use of ITC balance for paying its output tax liability.

GST Payable by ECO on Notified Services

CA Sachin Jain 19 March 2022 at 14:35

The Provisions w.r.t GST payable by ECO on Notified services are contained under Section 9(5) of CGST/SGST/UTGST Act. Similar Provisions are also contained under section 5(5) of IGST Act.

Give your mind the creative kick (that it badly needs)

Rohit Jain 15 June 2015 at 11:44

�Tere bina kick mujhe milti nahi� is the lyric from the popular Salman khan movie �Kick� released in 2014. The reference to a kick in that movie is different from what we need in our life. Kick in our sense means a spark, a jo

Updated GST - Concept and Status

Guest 08 June 2019 at 12:19

1. INTRODUCTION:Whether it was uniformity of taxation and consequent free interior trade or possession of �the jewel in the crown� at the root of

Ease of Doing Business in India: A Critical Analysis

CS Rahul Harsh 21 January 2016 at 10:50

The Prime Minister of India invited entrepreneurs from overseas by his first speech from Lal Quila on 15th of August to come and �make in India�, a debate has generated in a big way for facilitating such move, inter-alia, by providing &l

Disputed inputs service credits

Ashish Chaudhary 19 August 2015 at 10:34

The concept of set off where an assessee adding value is able to set off the taxes on his purchases, is an important one which enables one to avoid the cascading effect of ta

F form under CST Act can cover transactions of a period more than one month

Amit Bajaj 24 September 2013 at 12:16

Calcutta High Court in Cipla Limited vs Deputy Commissioner, Commercial Tax reported as VSTI 2013 Vol. 17 B-509 has held that There is nothing in Rule 12(5) of CST (R&T) Rules which could be construed to vitiate a declaration form i.e "F&qu

ACES faces many hurdles

MONISH BHALLA 04 November 2009 at 16:23

It is an online service to dispense with paper work in matters pertaining to Central Excise and Service tax.Fast, safe and reliable services are today sought by every person. But this can sometimes also be a cause for trouble for him. The Automation