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Archive: 16 February 2019

Posts in 16 February 2019

GST Tribunal Formed or Not? HC seeks response from GST Council

February 16, 2019 789 Views 0 comment Print

In this matter learned counsel for the G.S.T. Council is unable to tell as to whether the Tribunal is constituted or not. Learned standing counsel appearing for the State is also unable to tell as to whether the State has moved in the matter or not.

Base Erosion Profit Shifting

February 16, 2019 7584 Views 0 comment Print

Base erosion Profit Shifting (BEPS) is one of the emerging and notable issues in the international taxation and one should have basic knowledge of BEPS and its impact on global and Domestic Tax laws and as well as its impact on economic growth of a country. Before we going forward and discuss about “What is […]

Gratuity Act Amendment – Grievance of majority employees

February 16, 2019 6255 Views 5 comments Print

Bhadkamkar A V Date: 15-02-2019 Gratuity Act Amendment – Grievance of majority employees. The maximum gratuity payable under The Payment of Gratuity Act and exempted under The Income Tax Act is raised from Rs. 10.00 lacs to Rs.20 lacs from 29-03-2018. Apparently on this decision all employees will rejoice. But as it happens always, the employees drawing fat salaries will only get […]

Problem of Unallocated IGST Attacked With A Faulty Solution

February 16, 2019 3705 Views 0 comment Print

1. Concept note on the GST issued by CBIC beautifully captures the design of the GST which has been implemented in our country. Same reads as under: “The IGST model is a unique contribution of India in the field of VAT. The IGST Model envisages that Centre would levy IGST (Integrated Goods and Service Tax) […]

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