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Ca Rakhi Thakur

Latest Posts by Ca Rakhi Thakur

Would Purchaser be liable for GST payment, if not been paid by supplier

September 16, 2021 66414 Views 4 comments Print

Would Purchaser be liable for GST payment to the Government, if the same has not been paid by the supplier This article is with regard to the one of the boiling issues related to the GST due to which the taxpayers are facing problems on day-to-day basis. Actually, GST brought so many benefits for the […]

GST on ready to cook idli, dosa, Porridge and other Mix

August 13, 2021 7818 Views 0 comment Print

The Tamil Nadu AAR (AAR) has passed a very important decision on idli, dosa, bajra, jowar, ragi, and other ready-to-cook mix powders. The AAR has passed a ruling in case of an application filed by the Krishna Bhavan Foods and Sweets

Bill to nullify retrospective tax on Capital Gain

August 6, 2021 1584 Views 2 comments Print

The Economy of our country is at a point when quick recovery is necessary and foreign Investment can play one of the most important roles in this. Foreign Investment is necessary for faster economic growth and employment.  We all are pretty much aware of the fact that how China has grown in these past years […]

Cancellation of Trust registration on account of Bogus Donation

August 4, 2021 2067 Views 0 comment Print

On August 2, 2021, the Hon’ble Supreme Court of India ordered for Cancellation of Registration of Batanagar education and Research Trust (Trust) on the ground of misuse of status conferred under section 12AA and 80G of the Income Tax Act, 1961. Fact of the Case:- At the time of conducting a survey on an entity […]

Expiry of e-way bill cannot be presumed as intention to evade tax?

August 3, 2021 7497 Views 1 comment Print

This post is about the decision of the Hon’ble Telangana High Court with regards to the expiry of the e-way bill. Recently, the said High Court passed a very important decision on the e-way bill and it is going to clear confusion about the impact of the expiry of e-way bill on tax aspects among […]

GST on second hand Jewellery

August 1, 2021 9630 Views 7 comments Print

Recently,  the Karnataka bench of AAR has passed a very important ruling on Second-hand gold jewellery and it has been noticed by many experts that’s, this is going to give a significant impact on the industry. The Karnataka AAR has passed a ruling in case of an application filed by the Aadhya Gold Private Limited […]

Tax Planning Vs. Tax Avoidance Vs. Tax Evasion

July 29, 2021 36894 Views 2 comments Print

Tax is a mandatory fee levied by the Government on an individual or entity to collect revenue for public work and we all are aware of the importance of tax for the development of any country. But, in many instances, we come across the news in our surroundings about tax evasion or non-payment of tax […]

New TDS Rule, whether would be difficult to implement?

February 23, 2021 7734 Views 2 comments Print

Under the proposed section 206AB of the Income Tax Act (Act), in a case where a person is required to deduct TDS while making a payment to another person (deductee), the deductor will be liable to deduct TDS at a higher rate,  if the deductee has not filed the ITR related to the previous two years. This rule shall come into force starting 1st July 2021.

Why GST Audit necessary even after the Budget?

February 13, 2021 3696 Views 1 comment Print

Goods and Service Tax ‘GST’ is a trust-based taxation regime wherein a taxpayer have to self-assess his tax liability, tax payment, and returns. Thus, to ensure the correctness of assessment by the assessee GST audit is compulsory. GST audit involves an examination of records, returns, and other documents maintained by the assessee. To ascertain that self-assessed GST […]

New Tax Regime – Should I exercise this option?

February 8, 2021 5079 Views 0 comment Print

Income Tax Slab Rates, we all are aware of this word, and I won’t be wrong if I will say that, our thoughts roam around this word, correct, I guess. Actually, it’s obvious for us to be very much information about the “Income Tax Slab Rate” because we have to pay the taxes to the […]

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