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Ca. Praveen Kumar

Latest Posts by Ca. Praveen Kumar

Impact of Budget 2019 on Start Ups

July 8, 2019 5097 Views 1 comment Print

The Start-ups were having high expectations from the first budget of Modi Govt. 2.0 and the Finance Minister, Smt. Nirmala Sitharaman hasn’t let down their expectations. She proposed to start a television programme within the DD bouquet of channels exclusively for start-ups. Further, tax proposals made by Finance Minister were aimed to encourage start-ups by […]

Newly Introduced Section of TDS- 194M- An Analysis

July 8, 2019 16857 Views 2 comments Print

As per the existing provisions of Section 194C and Section 194J, an individual or HUF, who are not liable to tax audit under Section 44AB(a)/44AB(b), shall not be required to deduct tax under these provisions. Thus, no tax is required to be deducted by an individual or HUF from payment made to contractor or professional […]

Cross Charge and GST Implications thereon

June 26, 2019 75330 Views 1 comment Print

As per schedule 1 of CGST Act, any supply between different GST registrations having the same PAN (distinct persons) shall be treated as “supply” even when made without consideration. The said provision reads as follows: Schedule 1: ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION 1… 2… Supply of goods or services […]

Form DPT-3 and the related Compliances

June 22, 2019 10257 Views 2 comments Print

MCA vide its general circular 05/2019 dated 12th April, 2019, clarified that now Companies are required to file data with regard to exempted deposits up to 31st March, 2019 (as opposed to the publication of earlier notification date i.e 22nd January, 2019). Now, Companies are required to file data of exempted deposits for the period of 01st April, […]

E-Invoicing under GST

June 11, 2019 17895 Views 4 comments Print

What is Electronic Invoicing model? All the taxpayers will create, issue and distribute invoices directly through the GST network. Right now, the businesses issue the invoices through their accounting or billing software. Later, at the time of filing returns, they upload the details and invoices on GST portal. In the electronic invoicing model, the invoices […]

No ITC for GST paid on purchase of motor vehicles for supplying rent-a-cab service

June 10, 2019 4476 Views 0 comment Print

In Re Mohana Ghosh (GST AAR West Bengal) GST paid on purchase of motor vehicles for supplying rent-a-cab service is not admissible for credit in terms of section 17(5)(b)(i)  The applicant was supplying cabs on a rental basis. It submitted that people take the car on rent for the transportation of passengers. Rent-a-Cab was, therefore, […]

GST liability with respect to goods provided free of cost as CSR

March 2, 2019 3114 Views 0 comment Print

Determination of GST liability with respect to goods provided free of cost by the Distributors of M/s. Polycab Wires Private Limited to KSEB for reinstating connectivity in flood ridden areas; and admissibility of input tax credit in relation to such goods. In order to operationalize the commitment of the applicant to provide goods at free […]

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