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Archive: 06 August 2017

Posts in 06 August 2017

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6996 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Highlights of 20th GST Council Meet

August 6, 2017 5538 Views 0 comment Print

After approx a month post GST implementation, 20th GST council Meeting headed by union Finance Minister Arun jaitley, came up with following changes. Let’s have a quick look towards highlights of 20th GST council meet: Lowering the rate   Earlier Now Job work of all kinds of textiles 18% 5% Tractor parts 28% 18% Work […]

All about Imports and Exports under Goods & Services Tax Act (GST)

August 6, 2017 43935 Views 16 comments Print

Exporters are witnessing sea changes as regards export rules under the existing GST regime as compared to the earlier regime of indirect taxation in India. Particularly the traders and the provider of export services are facing difficulties in filing bonds and Letter of undertaking before making exports. Even the general meaning of exports have changed now as supplies made to SEZ developer or SEZ unit are now treated as export transactions even if they are made intra-state, also sales to export houses and penultimate exports are no longer covered under the definition of export now. Exports which were earlier made without payment of taxes are now made subject to payment of taxes or filing of some special documents in lieu of taxes paid on exports. In our previous article on “Place of Supply under GST”, we covered the nature of supplies to be treated as exports/import of goods or services under GST, so we are not discussing these provisions here. Rather, in this article we will now discuss benefits, procedures and other provisions related to export and import of goods and services under GST in India.

Subsidy a capital or revenue expense: Recent decision of Delhi HC in Bhushan Steel

August 6, 2017 3087 Views 0 comment Print

The government would introduce a scheme to provide a subsidy for advancing the development of industries mainly in backwards areas. The assistance was provided primarily for recouping the assessee on the expenditure incurred for the establishment of the industry.

GST, Excise, Service Tax, Customs & VAT updates for July 2017

August 6, 2017 5502 Views 0 comment Print

Article explains Indirect Taxes Updates on GST, Customs, Excise, Service Tax & VAT for the Month – July 2017 (as updated upto 05th August 2017)

Why you’ll never become RICH so long as you don’t follow this? A very obvious but much neglected money management code

August 6, 2017 4218 Views 2 comments Print

It’s a fact of life that, if you don’t follow this simple and very obvious money management code, you will never ever become rich. Don’t let the negligence to follow this, keep you from becoming rich. To become profitable and stay profitable, the bigger organizations always look at cost cutting methods. They cut a part […]

Get Richer by avoiding this Money Mistake

August 6, 2017 3171 Views 0 comment Print

Mental Accounting is one such money mistake even smart people are committing. Understanding this mistake and avoiding this could make us richer. Behavioral Finance experts say that mental accounting works this way: Let us say you have bought a Rs.200 ticket to a movie. When you show up at the entrance of the theater and […]

13 Decisions taken on Services at 20th GST Council Meeting

August 6, 2017 12852 Views 6 comments Print

Job work services in respect of the textiles and textile products (including MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63). Services by way of printing of newspapers, books (including Braille books), journals and periodicals where only content is supplied by the publisher and the physical inputs including paper used for printing belongs to the printer

Implication of Non-filing of Annual Forms: Companies Amendment Bill, 2017

August 6, 2017 7494 Views 1 comment Print

it proposed in the bill that the Company can file such form subject to additional fees of Rs. 100/- per day”. Here the questions are; If a Company has not filed Annual forms for the f.y. 2014-15 , 2015-16 or any previous financial year then whether fees shall be applicable as Rs. 100 per day or 2 times, 4 times as per Companies Act, 2013?

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