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GST Exemption on Annuity – Conundrum in Karnataka

July 24, 2022 1851 Views 0 comment Print

Navigate the complexities of GST exemption on annuity in Karnataka. Explore the legal conundrum surrounding the 43rd GST Council decision and the subsequent clarification on annuity payments for road construction. Understand the arguments, reasons, and findings of the Karnataka High Court, emphasizing the importance of adhering to legal provisions. Stay informed on GST implications for concessionaires.

Maintenance of Books of Accounts By Specified and Notified Persons – Section 44AA Read With Rule 6F And Audit Under Section 44AB

July 24, 2022 10314 Views 0 comment Print

Understand the intricacies of maintaining books of accounts as per Section 44AA and Rule 6F of the Income Tax Act, 1961. Delve into the obligations for specified professions, businesses, and non-specified professions based on income and gross receipts thresholds. Explore the provisions related to compulsory audit under Section 44AB and learn about the due date for tax audit of accounts. Stay compliant and informed with the latest regulations.

Specifically exempt Good Transport Agency services under GST

July 24, 2022 18045 Views 1 comment Print

Explore the GST exemption for Good Transport Agency (GTA) services as per Notification No.12/2017-Central Tax (Rate). Learn about the exempted services, including transportation of agricultural produce, goods with specified considerations, milk, relief materials, and more. Discover the recent amendment through Notification No. 04/2022-Central Tax (Rate) and its impact on the exemption criteria. Stay informed about the changes effective from 18.07.2022.

Company Name Reservation and Withdrawal Process

July 24, 2022 12336 Views 0 comment Print

Understand the Company name reservation and withdrawal process with the Ministry of Corporate Affairs. Learn about Spice Plus (Spice+) and RUN forms, fees, and procedures. Discover the steps for withdrawing a reserved name, including preparing an affidavit and submitting necessary documents. Get insights into the practical aspects based on real-world training experiences.

Habits that reduces our productivity, focus and efficiency

July 24, 2022 2772 Views 0 comment Print

Boost your productivity by avoiding these 10 habits! From social media distractions to perfectionism, discover how to achieve your goals efficiently. Learn the importance of leaving your comfort zone, getting adequate sleep, and saying ‘No’ when necessary. Explore tips for staying active at work and the impact of multitasking on your brain. Prioritize your well-being and work smarter, not harder.

GST Rule 96(10) A Nightmare For Exporters

July 23, 2022 45246 Views 3 comments Print

Unraveling the complexities of GST Rule 96(10): A challenge for exporters. Understand the restrictions, amendments, and the impact on categories like Advance License Holders, EOU, and Merchant Exporters. Stay informed on recent changes and potential solutions.

Role of Chartered Accountant (CA) in Banking Industry

July 23, 2022 36537 Views 1 comment Print

Explore the diverse roles of Chartered Accountants in the banking industry. From credit management to risk assessment, a CAs analytical skills find applications in various sectors. Learn about opportunities in private and public banks, wealth management, and more.

GST on packaged products & amendments to Legal Metrology (Packaged Commodities) Rules

July 23, 2022 9297 Views 1 comment Print

Navigate the changes in GST on packaged products with the latest amendments to Legal Metrology Rules. Understand the implications, declarations, and exemptions for pre-packaged commodities. Stay compliant with the evolving tax and packaging regulations.

Mechanism for Computation of Income of Trust by Finance Act 2022 – Entire income is not liable for tax

July 23, 2022 11490 Views 0 comment Print

Unlock the intricacies of income computation for non-profit trusts under the Finance Act 2022. Delve into the conditions, deductions, and guidelines to comprehend tax implications.

Levy of Service Charge on Supply of Food- How Far Justified

July 23, 2022 8091 Views 0 comment Print

Explore the controversial world of service charges on food bills in hotels and restaurants. Understand the historical context, legal perspectives, and recent guidelines from CCPA. Know your rights as a consumer and the legal nuances involved. Stay informed on the ongoing debate

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