FAQs

32 FAQs on Place of Supply of Goods and Services under GST

Goods and Services Tax - The basic principle of GST is that it should effectively tax the consumption of supplies at the destination or at the point of consumption. So place of supply provision determines the place i.e. whether a transaction is intra-state or inter-state. In other words, the place of Supply of Goods is required to determine whether a supply is su...

Read More

Transitional provisions under Revised Model GST law (MGL)-FAQs

Goods and Services Tax - Migration of existing registered persons into the GST is an exercise for updation and validation of data of existing taxpayers registered with various tax authorities for use at GST Network (GSTN) post implementation of GST. This process may not be construed as completion of registration process under GST....

Read More

15 FAQs replied at various sessions of Quest Assist – ICSI

Goods and Services Tax - Q. 1 How the subscriber sheet should be signed in case of foreign subscribers. Ans: In case of the foreign subscriber, the subscriber sheet needs to be physically signed and witnessed there. Also ensure to follow the process of Notarisation & Apostille for all documents as required under the Act. The complete MOA and AOA along with the su...

Read More

FAQs on withdrawal of Rs. 500 & Rs. 1000 Banknotes (17.02.2017)

Goods and Services Tax - Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of Rs. 500 and Rs. 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016...

Read More

FAQs on Foreign Investments in India

Goods and Services Tax - These FAQs attempt to put in place the common queries that users have on the subject in an easy to understand language. However, for conducting a transaction, the Foreign Exchange Management Act, 1999 (FEMA) and the Regulations made or directions issued thereunder may be referred to. The relevant principal regulations are the Foreign Exch...

Read More

GST FAQs in Hindi, Gujarati, Malayalam, Punjabi, Telugu, Kannada, Assamese, Bangla

Goods and Services Tax - CBEC released FAQ on GST in English, Hindi, Assamese, Gujarati, Malayalam, Punjabi Telugu and Kannada for the benefit of General Public...

Read More

Why you must have active Debit Card – FAQs

Goods and Services Tax - Debit Card makes your payments much more convenient and secure through an electronic payment facility directly from your bank account. Debit card can be used for purchases online or at shops by directly debiting your Bank account. Debit cards can also be used to withdraw cash from an ATM....

Read More

FAQs on Responding to Tenders by Chartered Accountants

Goods and Services Tax - Whether a member of the Institute in practice can accept such assignment where advertisement of tender was issued prior to 7th April, 2016? The notification is effective for all tenders issued/hosted on or after 7th April, 2016. Therefore, a member of the Institute in practice can accept such assignment where advertisement of tender was i...

Read More

All about Panama Papers with OECD Statement & FAQs

Goods and Services Tax - The Panama Papers are a leaked set of 11.5 million confidential documents that provide detailed information about more than 214,000 offshore companies listed by the Panamanian corporate service provider Mossack Fonseca, including the identities of shareholders and directors of the companies. The documents show how wealthy public official...

Read More

ICAI hosts Admit Cards for November 2015 Exams + FAQs

Goods and Services Tax - Admit cards-  6th October 2015 Admit cards in respect of candidates admitted to the Intermediate (IPC) and Final November 2015 examination, with their photographs and signatures on them, are hosted on www.icai.nic.in. Candidates may print their admit cards from the said website. For downloading/printing of the admit cards, candidates wil...

Read More
Sorry No Post Found

16 FAQS on implementation of GAAR provisions

Circular No. 7/2017-Income Tax - (27/01/2017) - Question no. 1: Will GAAR be invoked if SAAR applies? Answer: It is internationally accepted that specific anti avoidance provisions may not address all situations of abuse and there is need for general anti-abuse provisions in the domestic legislation. The provisions of GAAR and SAAR can coexist an...

Read More

2nd FAQs on Direct Tax Dispute Resolution Scheme, 2016

Circular No. 42 of 2016 - (23/12/2016) - Further queries have been received from the field authorities and other stakeholders on Direct Tax Dispute Resolution Scheme, 2016. The Central Government has considered the queries and decided to clarify the same in the form of questions and answers as follows.-...

Read More

46 FAQs on service tax on cross border B2C OIDAR online services

Circular No. 202/12/2016-Service Tax - (09/11/2016) - From 1st December 2016 service tax would be chargeable on online information and database access or retrieval [OIDAR] services provided by any person located in non-taxable territory...

Read More

MVAT: FAQ's on Settlement of Arrears in Disputes Act, 2016

Trade Circular No. 19T of 2016 - (30/06/2016) - 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai-400010. TRADE CIRCULAR To, No. VAT/MMB-2015/47/2016-17/ADM-8   dated 30th June 2016. Trade Cir. No. 19T of 2016 Subject:  FAQ’s on Settlement of Arrears in Disputes Act, 2016. Ref.  (1) The Maharashtra Settlement of Arrears in Disputes Act, 2016....

Read More

7 things to know about TCS on sale of a motor vehicle

Circular No. 22/2016-Income Tax - (08/06/2016) - With a view to bring high value transactions within the tax net, it has been provided in sub- section (1 F) of section 206C of the Act that the seller who receives consideration for sale of a motor vehicle exceeding ten lakh rupees, shall collect one per cent of the sale consideration as tax from th...

Read More

Recent Posts in "FAQs"

32 FAQs on Place of Supply of Goods and Services under GST

The basic principle of GST is that it should effectively tax the consumption of supplies at the destination or at the point of consumption. So place of supply provision determines the place i.e. whether a transaction is intra-state or inter-state. In other words, the place of Supply of Goods is required to determine whether a supply is su...

Read More

Transitional provisions under Revised Model GST law (MGL)-FAQs

Migration of existing registered persons into the GST is an exercise for updation and validation of data of existing taxpayers registered with various tax authorities for use at GST Network (GSTN) post implementation of GST. This process may not be construed as completion of registration process under GST....

Read More

15 FAQs replied at various sessions of Quest Assist – ICSI

Q. 1 How the subscriber sheet should be signed in case of foreign subscribers. Ans: In case of the foreign subscriber, the subscriber sheet needs to be physically signed and witnessed there. Also ensure to follow the process of Notarisation & Apostille for all documents as required under the Act. The complete MOA and AOA along with the su...

Read More

FAQs on withdrawal of Rs. 500 & Rs. 1000 Banknotes (17.02.2017)

Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of Rs. 500 and Rs. 1000 and The Specified Bank Notes (Cessation of Liabilities) Ordinance 2016...

Read More

FAQs on Foreign Investments in India

These FAQs attempt to put in place the common queries that users have on the subject in an easy to understand language. However, for conducting a transaction, the Foreign Exchange Management Act, 1999 (FEMA) and the Regulations made or directions issued thereunder may be referred to. The relevant principal regulations are the Foreign Exch...

Read More

Cash Transaction 2016 – Frequently Asked Questions

If the information displayed under "cash transactions 2016" does not belong to me, what should I do? Ans: In that case, you can select the response The account does not relate to this PAN and click on submit button. Your feedback will be sent to the information source for confirmation....

Read More

SPICE Form: Frequently Asked Questions (FAQs)

How to apply for Incorporation of Company with Foreign Subscribers, without violating the Rule 13 of the Companies (Incorporation) Rules, 2014? Solution: Rule 13 provide manner of signing of MOA & AOA. Like: in case of foreign subscribers MOA & AOA should be notary in the country of origin, apostillised, authenticated by a Diplomatic or C...

Read More

Draft FAQs on Standards on Cost Auditing (SCAs)

The composition of the Cost Auditing & Assurance Standards Board [CAASB] is broad based to ensure participation of all interest groups in the standard setting process which includes nominated members of the Council and representatives of C&AG, MCA, Industry Associations, Regulatory Bodies and other professional Institutes....

Read More

FAQs on Composition Levy under GST

Article explains meaning of Composition Scheme under GST, who can opt this scheme and who cannot opt this scheme, how to compute aggregate turnover , Tax Rate under GST Composition, penal provisions of non-compliance, Allowability of input credit on switching to Composition Scheme, Availability of Composition Scheme to a person engaged in...

Read More

16 FAQS on implementation of GAAR provisions

Circular No. 7/2017-Income Tax (27/01/2017)

Question no. 1: Will GAAR be invoked if SAAR applies? Answer: It is internationally accepted that specific anti avoidance provisions may not address all situations of abuse and there is need for general anti-abuse provisions in the domestic legislation. The provisions of GAAR and SAAR can coexist and are applicable. as may be necessary, i...

Read More
Page 1 of 2212345...1020...Last »

Browse All Categories

CA, CS, CMA (3,305)
Company Law (3,191)
Custom Duty (6,358)
DGFT (3,307)
Excise Duty (3,975)
Fema / RBI (3,102)
Finance (3,266)
Income Tax (24,107)
SEBI (2,638)
Service Tax (3,244)

Search Posts by Date

March 2017
M T W T F S S
« Feb    
 12345
6789101112
13141516171819
20212223242526
2728293031