A Roadmap for a Global Asset Registry- Measuring and tackling inequality: Curbing tax avoidance, tax evasion, corruption and illicit financial flows.
Small investors of 50-60 years ago, who then had bought shares after paying all due taxes every year besides controlling their so many needs[ keeping in mind nation building ] ignoring other investment option such as Land / Gold / FD etc. on assurance of our political / Economic / Stock Exchange experts that this […]
The GST council has proposed new GST Return filling system on 8th March 2019. Here in this article we have explained the requirements and applicability of all the three returns namely Sahaj, Sugam and Normal. The tax payer can opt to file ANY of the three returns. Each return has different features. Particulars Normal Sahaj […]
Analysis of new GST revised rates on Construction of Residence & other complications arises due to introduction of new rates and its conditions Due to Demonetization, RERA, GST, lack of consumer demand, increase of real estate prices, increase of MHADA premium and many other factors the Real Estate Industry is struggling to survive so some […]
The deadline to file Income tax returns for the Financial Year 2017-18 (Assessment year 2018-19) without any penalty was of July 31, 2018, which was later extended by one month to August 31, 2018.
Indirect Taxes Updates- GST, Customs, Excise, Service Tax & VAT Month – March 2019 (Updated upto 20th Mar.19) A. Proposal of 34th GST council meeting The GST Council (Council), in its 34th meeting on 19th March 2019 discussed operational details for implementation of recommendations made in 33rd meeting in respect of new rate of tax […]
Can Higher Education Courses be equated to ‘training and coaching’ in tax parlance? Taxing education sector has always been a tricky issue. For the first time in 2003, under Service Tax regime, service tax was imposed on ‘commercial training and coaching’ service. The term which was used in charging provision of tax is ‘training or […]
There were various amendments and notifications in the Companies Act, 2013 in the past six months. The most important thing about these notifications is that they require immediate compliance or disclosure on the part of Companies within a specified due date. In this write up, we shall discuss preliminary about the recent important notifications in […]
Service Export from India scheme 1. Introduction: The Government has introduced the Service Exports from India Scheme (SEIS) w.e.f. 01.04.2015 under the Foreign Trade Policy (FTP), 2015-20 replacing the earlier scheme ‘Served from India Scheme’ under the FTP, 2009-15. Under SEIS, the service providers of notified services are incentivized in the form of Duty Credit […]
Generally a supplier use to collect and pay indirect taxes applicable on supply of goods and services. However Reverse Charge mechanism (RCM) is a method under which the receiver of Goods and service, instead of the supplier, is required to pay GST. The concept of RCM (Reverse Charge Mechanism) under GST is not new as […]
