"10 August 2017" Archive

Meeting of Regional Authorities of DGFT to deliberate on issues related to Mid-Term Review of FTP 2015-20 and GST

In order to take stock of the exports situation in the post GST regime, a meeting of all Regional Authorities of Directorate General of Foreign Trade (DGFT) and the SEZ Commissioners under the chairmanship of Director General of Foreign Trade, is being held on 10th and 11th August, 2017 in New Delhi. ...

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GSTR 3B Computation – Can be used to collect data from client

The attached is GSTR 3B Computation Format which can be used to collect data from the clients as well as internally. Provide your valuable feedback/suggestion on camayur2@gmail.com...

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Family Arrangement

We see many big business houses run by second or third generation families with different ideologies or intending to diversify their businesses. Occasionally, it leads to separation of business and to family disputes. While most settle the issues amongst themselves, some families drag them to court....

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Note on TDS under the GST Law

Conditions for deduction of TDS under GST law:- TDS is to be deducted from payments made to a supplier of any taxable goods or services or both where the total contract of such supply exceeds Rs. 2.5 lacs....

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Impetus to start-ups – a tax and regulatory perspective

In todays environment, start-ups are crucial as they focus on innovation, lead to employment generation and promote research and development. As per recent study conducted by IBM and Oxford, 90% of India’s start-ups fail within the first five years despite Indias entrepreneurial strengths....

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GST on Housing Society / Residential Welfare Association (RWA)

Let us discuss in this article whether GST is applicable on Co-operative Housing Societies or Residential Welfare Association. As per Sec 9. (1) 0f CGST Act, 2017, GST is levied and collected and tax shall be paid by the Taxable Person...

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Comparison between Accounting standards & ICDS

As CBDT has made mandatory compliance of Income computation & Disclosure standards w.e.f AY 2017-18 for person having income from the business or profession (Except individual or HUF not require to tax Audit). There are only the point of differentiation with AS considered with corresponding provision of relevant accounting standards....

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Uncovering the facts on a Sop called ESOP

In this competitive world top talent is highly sought after. It gives the organizations that cutting edge. However recruiting alone is not an end to the process of building the organization, instead it is much more important to retain such talent in their ranks....

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5 Dangerous Stock Market Myths Debunked

A financial meltdown, a depressed business environment, a sudden fall in share market prices- all these phenomena are a part of any economy. These phases affect all those who are closely linked to the stock market. Such happenings give rise to an environment where myths are born....

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GST Returns- 3 & 3B Story !!

Touted as Good and Simple Tax (GST) by our Hon’ble Prime Minster, we believed it so. But when we started finding HSN codes, setting up billing system, identifying place of supply, determining the dilemma of applying IGST or CGST & SGST, we came to know about the ground realities. Neverthless, we transcended the journey of supplying and ...

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