Shivashish Karnani

Minimum Alternate Tax & Alternate Minimum Tax- Provisions

Income Tax - Article summarizes the provisions of Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT). The article gives theoretical insights along with examples for sound understanding of the provisions. ...

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Taxability of Legal Services under GST (including registration provisions)

Income Tax - Definition: Legal Services means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority- Notification no. 12- Central Tax(CT) (Rate) dated 28.06.2017....

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Vouchers- Concept & GST implications thereon with Practical Case Studies

Income Tax - A. Concept: Voucher in terms of clause (118) of Section 2 of Central Goods and Services Tax Act, 2017 has been defined as follows: “”voucher” means an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both and where the goods or services or […]...

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Service Tax/GST on Electricity Supply- an Analysis in the backdrop of recent ruling of Calcutta HC

Income Tax - Analysis of recent Hon’ble High Court of Calcutta judgment in the case of Srijan Realty (P) Ltd v. Commissioner of Service Tax[1]. The ruling is given under Finance Act, 1994 (Service Tax law) and has raised a lot of eyebrows considering the fact that the ruling has vide implications under the GST law as well. […]...

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Threshold limits for Regular & Composition Registration under GST law

Income Tax - In this article, attempt has been made to enlist various thresholds (as amended from time to time) as prescribed under the GST law for normal registration in different States/UTs, thresholds for Composition registration and a snapshot on Notification No. 2/2019- CT (Rate). Normal GST Registration in case of Goods: Particulars States/UTs R...

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Recent Posts in "Shivashish Karnani"

Minimum Alternate Tax & Alternate Minimum Tax- Provisions

Article summarizes the provisions of Minimum Alternate Tax (MAT) and Alternate Minimum Tax (AMT). The article gives theoretical insights along with examples for sound understanding of the provisions. ...

Read More

Taxability of Legal Services under GST (including registration provisions)

Definition: Legal Services means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority- Notification no. 12- Central Tax(CT) (Rate) dated 28.06.2017....

Read More

Vouchers- Concept & GST implications thereon with Practical Case Studies

A. Concept: Voucher in terms of clause (118) of Section 2 of Central Goods and Services Tax Act, 2017 has been defined as follows: “”voucher” means an instrument where there is an obligation to accept it as consideration or part consideration for a supply of goods or services or both and where the goods or services or […]...

Read More

Service Tax/GST on Electricity Supply- an Analysis in the backdrop of recent ruling of Calcutta HC

Analysis of recent Hon’ble High Court of Calcutta judgment in the case of Srijan Realty (P) Ltd v. Commissioner of Service Tax[1]. The ruling is given under Finance Act, 1994 (Service Tax law) and has raised a lot of eyebrows considering the fact that the ruling has vide implications under the GST law as well. […]...

Read More

Threshold limits for Regular & Composition Registration under GST law

In this article, attempt has been made to enlist various thresholds (as amended from time to time) as prescribed under the GST law for normal registration in different States/UTs, thresholds for Composition registration and a snapshot on Notification No. 2/2019- CT (Rate). Normal GST Registration in case of Goods: Particulars States/UTs R...

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Brief analysis of Hon’ble SC ruling on ‘Non-appearance of Counsel’ as a ground for adjournment w.r.t. to GST Law

Supreme Court ruled that We make it clear that since we have not found it to be a good ground for adjournment, under no circumstances, application for restoration shall be entertained....

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Exemption Notifications must be interpreted strictly: The Supreme Court Constitution Bench Judgment

SC in Constitution Bench of Five Judges judgment in the case of Commissioner of Customs (Import) Mumbai Vs. M/s Dilip Kumar and Company and Ors has held that the benefit of ambiguity in exemption notification (which is subject to strict interpretation) cannot be claimed by the subject/assessee and it must be interpreted in favour of the r...

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50 Kurkure GST FAQs for CA’s, Advocates and Revenue Officers

Chapter I – Preliminary: 1. Whether GST law is applicable in J&K? Yes. CGST and IGST act were made applicable in J&K from 8th July, 2017 through respective ordinances. J&K GST Act was also passed and made applicable from this date (Act is on same lines as other State GST Acts). 2. Whether General Clauses […]...

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Taxability of personal use of asset by employee under GST (Practical Case Study)

a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business...

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GST Impact on Construction / Real Estate contracts with Examples

Construction, installation, etc contracts in respect of immovable property(i.e. building, complexes, civil structure, roads, bridges, etc) falls under the definition of Works Contract;...

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