Determination of the taxable event in any tax law is of utmost significance as the levy of tax is based on occurrence of that event. Before we proceed further to understand and analyse the taxable event under the GST regime, it is imperative to first understand the taxable events under the present indirect taxation:
Under the new regime of service tax i.e after 01.07.2012 service tax on construction service is explained u/s 66 E(b) i.e. declared service of the Finance Act,1994. The constitutional validity was also upheld under old regime in case of Maharashtra Chamber of Housing Industry v. Union of India
Being a CA I too have experienced the ups and downs of the journey but trust me I have enjoyed my ride thoroughly to the CA halt and thereafter I realised that it was not a halt but a new beginning. The result being 4-5% in every exam does relieve 4-5 students per hundred but 95-96 students per hundred are helpless and have to resume all efforts.
Ministry of Corporate Affairs, has decided that a group be formed for formulation of ICAI’s response to Ministry of Corporate Affairs on regulation of foreign firms, joint auditorship and other related matters.
Nowadays ICAI Members i.e. Chartered Accountants who are registered as Professionals on Income Tax e-filing website may be getting Email from Income Tax Department that their e-Filing account has been temporarily disabled due to non-validation of your PAN number by ICAI. It is further requested by Income Tax Department to Professionals to communicate valid PAN […]
