Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
GST ComplianceWaiver of late fee on filing of GSTR-3B
Waiver of late fee on filing of GSTR-3B for August and September, 2017 In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers, the competent authority has decided to waive the late fee on filing of
CA Shafaly GirdharwalOct 24, 2017VAT in the UAE: Who will feel the pinch
VAT in the UAE: Who will feel the pinch With the implementation of Value Added Tax (VAT) from 1st January 2018 in the UAE @ 5%, there is growing apprehension in the market for businesses and consumers that how the new regime will impact them. VAT
CA Manoj AgarwalOct 18, 2017Availability of ITC of expenses in respect of Motor vehicle
Section 17 of the Central Goods and Service Tax (CGST) Act deals with Apportionment of credit and blocked credits, wherein Clause (5) of the said Section provides for restriction of credit. It is pertinent to note that section 17(5) of the Act start with ‘Notwithstanding
CA Vikas ModiOct 11, 2017ITC on Motor Vehicle in GST
ITC on Motor Vehicle in GST Under Section 17 (5) of CGST Act ITC on motor vehicle is not allowable. A point was being agitated in the mind of learned professionals as to whether ITC on repair and maintenance would be allowable or not. The
CA Rashmi JainOct 10, 2017Free e-book on proposed changes by GST Council
Free on proposed changes by GST Council Meeting dated 6th October, 2017 1. No RCM on purchase from unregistered supplier:- It is proposed that liability to pay tax under reverse charge on supplies made by unregistered to registered person shall be suspended till 31st March
CA Shafaly GirdharwalOct 10, 2017Relief Package for Exporters by GST council
Relief Package for Exporters by GST council The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. Mindful of the difficulties faced by exporters post-GST leading
CA Shafaly GirdharwalOct 9, 2017Simplified Version of Executive Regulations on Federal Tax Procedures of UAE
Write up on Executive Regulations of Federal Law No: (7) of 2017 on Tax Procedures of UAE AFA (UK), MIPA (Australia), AAIA (UK), AFTA (UK) The UAE Cabinet has approved the Executive Regulations of Federal Law No 7 of 2017 on Tax Procedures (FTP) vide Cabinet
CA Manoj AgarwalOct 9, 2017Simplified Version of Executive Regulations on Federal Tax Procedures of UAE
Write up on Executive Regulations of Federal Law No: (7) of 2017 on Tax Procedures of UAE AFA (UK), MIPA (Australia), AAIA (UK), AFTA (UK) The UAE Cabinet has approved the Executive Regulations of Federal Law No 7 of 2017 on Tax Procedures (FTP) vide Cabinet
CA Manoj AgarwalOct 9, 2017GST will help in curbing tax evasion
How GST will help in curbing tax evasion GST is a revolutionary tax reform and will bring much of the informal sector into the formal sector, as honest people will have nothing to fear from the new tax regime, but “the dishonest will be made to pay”.
Avik MittalOct 6, 2017Taxability of Advances Received Under GST
Time of Supply is the key factor that determines the taxability of advances. 1. Whether the supplier of goods is liable to pay GST on receipt of advances? a) Time of supply is the key factor for determining the due date for payment
CA Rashmi JainOct 6, 2017TAX agent in the UAE as per Federal Law No. (7) of 2017
In accordance with the Federal Law No. (7) of 2017 on Tax Procedures in the UAE Part Two of Chapter three describes Appointment of a Tax Agent, Tax Agent’s Registration procedure & conditions to be fulfilled for registering in the register of Tax Agents.
R K SoniOct 5, 2017Master circular for Export without Bond
Master circular for Export without Bond Circular No. 8/8/2017-GST Subject: Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports In view of the difficulties being faced by the exporters in submission of bonds/Letter of Undertaking (LUT for short) for exporting goods or
CA Shafaly GirdharwalOct 5, 2017