Goods and Services Tax : Article covers Taxability of Transfer of Development Rights in Positive List, Negative List and GST ERA - A Comparative Analysis o...
Income Tax : The Taxes shall arise for Gains Booked on Long Term Capital Assets being an equity share in a company or a unit of an equity orie...
Goods and Services Tax : Printing Industry is a very wide Industry ranging from Newspapers to Commercial Books and Periodicals. Involvement of Jobwork and ...
Goods and Services Tax : Value for supply of goods and services is important part of GST since the valuation will determine the corpus of tax leviable on e...
CA, CS, CMA : So, I think the topic itself is of high appeal to all the youngsters to enter in the field of chartered accountancy for making a c...
Service Tax : Held by Hon’ble Delhi HC-Rule 5A(2) as amended in terms of Notification No. 23/2014-Service Tax dated 5th December 2014 of the ...
The role of professional chartered accountants in the start-up scheme launched by our Prime Minister is essential, vast and comprehensive. As the partners in nation building it is undoubtedly not only an opportunity in professional domain but it is also a responsibility for interest in large. As we see that the growing complexity has made the […]
The Model GST Act, 2016 released by Sub-Committee II Report is yet to be authenticated since it is not available and hosted on government’s website. Nonetheless, we try to analyse the significant areas outlined in the Model GST Act, 2016 which needs significant attention / discussion of trade at large and law-makers as well. The Law to be implemented in finality needs to be progressive.
Vide Notification No.23/H.A.6/2003/S.60/2015 dated 24th September, 2015 the State of Haryana has amended Rule 49A of Haryana Value Added Tax Rules, 2004 in what appears as a fresh effort to rope more developers to opt for the 1% composition / Lumpsum scheme by introducing few changes and allowing fresh 60 Days to join this Notification from 24th September, 2015 itself.
Notification No. 22/ST-1/H.A.6/2003/S.59/2015 dated 7th September, 2015 will have a significant impact on the Haryana VAT Payers and Buyers of Haryana Goods outside the state of Haryana. The issue is in relation to restricting the input tax credit only to the extent of Output tax liability for dealer engaged in Interstate Sale of Goods.
With the strong intent of the government in bringing the nation’s most awaited tax reform to reality we can now believe that implementation of GST in very soon going to become reality. With Recent speech of FM in Singapore indicating that GST being a transactional tax even if deferred from 1st April, 2016 can be […]
Recently the Hon’ble High Court of Bombay have pronounced an order which is a land mark judgment for Indian E-commerce Industry specifically and including Coupon / voucher sub-industry considering the vacuum of judicial pronouncements on this aspect. The matter relates to CWP No. 5653 of 2010 & 7503 of 2013 decided on 20th March, 2015 […]
One of the biggest challenges in the professional’s life is the Mind of the professional. Surprised ! .. Let me explain you. See a trader earns by selling inventory while professional have his time as his only inventory, isn’t it ! So, your time coupled by mental quality of that time makes your inventory. Keeping this in mind it is so crucial for one to live in the present moment {Recall the pepsi Ad –’Live it Abhi’}. This will help you to use more percentage of your mind at any present moment.
Build up to the Case The Sales tax thrust on builders and developers gained drastic momentum post the recent rulings of Hon’ble Supreme Court in L&T Limited v. State of Karnataka [Civil Appeal No.8672 of 2013 (Larger bench) which in principle accepts the law laid down in earlier judgement in case of K. Raheja case […]
Delhi Value added tax simplification has been one of major agendas of all state governments. It has been largely felt and outlined that procedural relaxation is a must to ensure smooth trade in the city or outside. At the same time it is well understood that blanket relaxations would have the other side of the coin also and can lead to undesirable situation for the government including unethical revenue leakages.
One of the major Indirect tax reforms that the country is now on road to witness is the incarnation of a single GST law instead of multiple indirect taxes viz Service Tax, Central Excise, VAT, CST, Local Body Tax, Entry Tax etc. After a round of discussions of Hon’ble Finance Minister with State FM’s, the […]
