"Guruprasad is a qualified Chartered accountant, Company Secretary and a Graduate of Law from India and a qualified US CPA. He has 12+ yrs of experience in various facets of accounting, tax (international tax in particular) and finance functions. In the past he has worked for reputed companies like Shell and Infosys and carries international work experience/ exposure. Currently Guru is in practice as a fellow Chartered Accountant based in Bangalore."
‘Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting’ (MLI for short) is the official title of the multilateral treaty framework that aims to prevent BEPS. Base erosion and profit shifting (BEPS) refers to artificially shifting profits to low or no-tax locations where there is little or no economic […]
Indian Professionals (particularly CAs) have come a long way in building successful outsourcing businesses in the areas of Accounting, Tax, Finance and other allied areas. Thanks to internet, social media growth, digitisation, cloud computing etc., the way business is done is constantly evolving.
LRS was introduced on February 4, 2004, vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004 read with GoI Notification G.S.R. No. 207(E) dated March 23, 2004, as a liberalization measure to facilitate resident individuals to remit funds abroad for permitted current or capital account transactions or combination of both.
This brief article explores items on which GST Input tax credits are disallowed in general and how this affects professionals in particular on a day to day basis.
