The President of India has promulgated ordinance amending the Arbitration and Conciliation Act, 1996.This ordinance comes into force from 23rd October,2015. It is likely to be approved by the parliament in winter session and becomes part of the Arbitration Act, 1996 on its approval. In this article an attempt is made to analyze the amendm...

CA Vinod Kaushik Page ContentsWhat is HSN code?Also Read- GST Enrolment – HSN Codes- Exhaustive ListHSN code of 4 digits for goods:HSN code of 2 digits for goods:HSN codes in case of Export and Import:Benefits of HSN codes:Other important observations:Closing comments:Click here to Read Other Articles of CA Vinod Kaushik What is HSN cod...

In India, GST will be levied by both tiers of Government concurrently. It will be ‘Dual Concurrent Model’ of GST. Central GST will be administered by the Central Government and State GST by respective State Governments. At present, Centre can levy tax on goods and services (e.g., excise duty on goods manufactured, service tax on servi...

How will Inter State Transactions be affected with the advent of GST? This is the basic question which is hovering over common man’s mindset these days. Will the situation be favourable or more adverse? Whether Rate to be increased/ decreased? Who will levy the tax- Centre or State? Will State’s Revenues be reduced????? This article [...

‘Report of The Joint Committee on Business Processes for GST’ has already been circulated and views have been sought from people at large for suggesting improvements thereupon. This report is divided into three parts namely GST Registration, GST payment process and GST refund process. In this article, some benefits of the proposed pay...

The government with the aim to implement the GST w.e.f. 1.4.2016 has issued a draft for persual of experts, trade associations, etc. to suggest the flaws and improvements thereupon. This draft is in form of ‘Report of The Joint Committee on Business Processes for GST’. This report is divided into three parts namely GST Registration, G...

This document will give blue print on various return forms, mode of filing return and at last the processing of returns and corrections in filed return. As of now almost all the States and Central Govt. has prescribed online filing of returns along with relevant annexures. This article has been written to give clarity on likely procedures...

Meaning of Works Contract in TN VAT: Sec 2(43) defines as Works Contract includes any agreement for carrying out for cash, deferred payment or other valuable consideration, building construction, manufacture, processing, fabrication, erection, installation, fitting out, improvement, modification, repair or commissioning of any movable or ...

India is all set to introduce a tax reform—the goods and services tax (GST). Apart from creating a unified market across India, GST will help make India’s manufacturing competitive by cutting high logistics and warehousing costs. A supply chain is the network of all the individuals, organizations, resources, activities and technology ...

Please find below a compilation of queries received by us in response to Notes related to LBT Exemption put up on our website along with related opinions from our side . While care has been taken to comprehend the issue alongside applicable legal provisions, it is submitted that considering the fact of frequent changes in LBT laws and lik...