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CA Gautam Joshi

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Section 44AD – Is it really a palpable transformation?

Income Tax : Recently, the Section 44AD has been revised and now it is applicable to all businesses instead of only to civil construction busin...

May 2, 2020 26525 Views 1 comment Print

Form 16/16A v/s 26AS online annual statement

Income Tax : Form 16 or 16A are provided by employer to employee as a proof of tax deduction. At the end of the financial year, tax payers file...

July 25, 2018 48501 Views 0 comment Print

Income for putting Advertisement on your website + Section 44AD

Income Tax : Nowadays many people are using their own website as the source of their income. The income is for allowing other brands to put adv...

March 15, 2013 6883 Views 0 comment Print

Commodity Codes under Gujarat VAT

Goods and Services Tax : The State of Gujarat has shown significant interest in developing e-platform for Commercial Taxes (VAT) since last 2 years. Since ...

January 3, 2013 18044 Views 14 comments Print

Pay your Service Tax Dues before 27th of November

Service Tax : Renting of Immovable Property is one such tax under the net of Service Tax law. The levy was under controversy since years and eve...

November 21, 2012 2721 Views 0 comment Print


FAQs on e-filing of ST-3 returns – Entries of more than one challans paid in single month, Source Document, Amount Mismatch

November 24, 2011 20130 Views 0 comment Print

1. How to make entries of more than one challans paid in the single month? If the returns are filed through Excel Utilities, more than one challans are not allowed in single month? To avoid such restriction, in the column on month, more rows should be added to the extent number of challans are paid in the month. For example – If three challans are paid in month of April then entries should be as follows:

How to interpret Export of Services?

November 11, 2011 1421 Views 0 comment Print

This article is written to set 5 principal steps for calling a service falling under export of services. 1. Is it a service? 2. Is it a taxable service? 3. Under which criteria of ‘export of services’ the service is falling? 4. Is the payment received in Foreign Currency? 5. Are other conditions fulfilled as per the criteria of ‘Export of Services?

Goods Transport OPERATORS? – Update ACES

October 19, 2011 13699 Views 1 comment Print

Goods Transport Operators (GTO) is no more a service existing. However, while registering through ACES website, an option is provided to select Goods Transport Operators Service (entry number 51) even if the service does not exist at all. Additionally, entry number 117 provides selection of Goods Transport Agency Service (GTA) for registration (which is a correct selection for GTA registration). The blunder does not end at registration only.

Validity of Online Service Tax Return without signature

October 13, 2011 7009 Views 0 comment Print

ST-3 returns can be directly filled up online on ACES website or an XML schema can be downloaded, filled up, converted in to XML file and uploaded on ACES website. Once the return is being filed in either of the way, ACES displays an acknowledgement of ST-3 return filed. What are the threats then? There is no clarity whether any physical copy is required to be submitted to field authorities once the ST-3 return has been successfully uploaded on ACES. On experience it is found that different field authorities ask for different number of copies or few don’t ask for any physical copy at all.

Service Tax on Goods Transport Agency – Pay peanuts worry extra

September 25, 2011 7950 Views 0 comment Print

Since inception year 1997, Goods Transport Agency (GTA) Service is caught by bundles of controversies like a celebrity always stay for the publicity stunt. Service Tax Legislation was just 3 years old and one can forget the childish introduction of GTA Service. However, even after sequential amendments the levy has ended up being a migraine for tax payers.

Health Services no more taxable

June 5, 2011 5729 Views 0 comment Print

In just recent past i.e. 01.07.2010 Service tax on Health Services (Section 65(105)(zzzo) of Finance Act, 1994) was introduced and without any doubt it was caught by all uncertainty and mystery. Taxable health services meant – any service provided or to be provided by any hospital, nursing home or multi-specialty clinic,- (i) to an employee of any business entity, in relation to health check-up or preventive care, where the payment for such check-up or preventive care is made by such business entity directly to such hospital, nursing home or multi-specialty clinic; or

Service Classification in International Podium

February 14, 2011 510 Views 0 comment Print

If we simply speak on tariff, market access in services is relatively easy compare to goods as there are no tariff barriers on services. WTO Agreements place only quotas and regulations on services and not the tariff. Annexure 1B of WTO Agreements – General Agreement of Trade in Services (GATS) broadly covers four modes of services in Article I as Scope and Coverage as follows