"Specialisation - Indirect Tax, Internal Audit &Transaction Advisory He is a fellow member of the ICAI, having experience of more than 5 years in the field of indirect taxes & internal audits. GST, Custom, VAT, Service Tax, Tax Planning, Compliance and Litigation are the main areas of his interest. He is a regular faculty for GST at ICAI, ICSI, CAG, CREDAI, AIFTP, RTI, MSME, Tax Bar Association, Rajasthan Chamber of Commerce and in various institutions and has taken more than 100 lectures across 9 states in India and approximately 35 cities. He also writes articles on GST. He is associated with various professional and social organisations and serving the community at large."
CGST-AMENDMENT-ACT-2018 Some of the changes have been made retrospective w.e.f 1st July, 2017 The Act shall come into force on a later date which shall be notified Amended Sections and New Section S.No. Section Description S.No. Section Description 1 2 Definitions 15 35 Accounts and other records 2 7 Scope of supply ( w.e.f. 1st […]
Article explains What is works contract,? Works contract – Goods or services?, Block ITC on Procurement Of Works Contract services?, Maintenance of accounts by registered person executing works contract and GST Rates for Works Contract.
In this Article we have compiled important Question and answers on GST from 06.06.2017 to 15.06.2017. (Tweets from 28th May 2017 to 05th June 2017 Covered by V1)
Government has started an initiative of replying queries on GST at its officials Twitter handle @askGST_GoI from 28.05.2017. In this Article we have compiled such Question and answers on GST from 28.05.2017 to 05.06.2017. We do not verify the correctness of such Answers.
Some of the noticeable provisions on NBFCs under GST are as under:- 1. Services provided are taxable at 18% GST Rate (Earlier 15% Service Tax). 2. Need to obtain State wise Registration where they have branches (Earlier Centralised Registration). 3. Inter-State supplies of services between branches of same entity will also attract IGST 4. 37 […]
GST Council has already fixed the rates for more than 1,000 items on 18 May 2017, and today on services. Under the new GST structure, cars will be subjected to a standard 28 % tax rate and additional cess between 1 to 15%.
GST is pegged to be one of the biggest game changers for Indian economy, making India one unified common market. The April 1, 2017, rollout deadline for the new indirect tax regime looks tough but not impossible and both the states and Centre are ready in terms of preparedness. It will subsume all the taxes currently under the indirect tax basket, such as Central Excise Duty, Service Tax, VAT, CST, Entry Tax, and Luxury Tax and so on.
The object of all such composition schemes is not to burden the small dealers from the provisions of record keeping. Here we are analyzing the merits and demerits of the composition levy scheme if so adopted by small CA Firms.
