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Simplified guide on filing of returns in GST
Basic flow for filing of returns in GST: Although there are various returns in GST. Formats for the returns in GST are already on public domain.Broadly the entire exercise of filing of returns in GST can be segregated into five parts: Filing of return Matching
CA Shafaly GirdharwalImportance of distinct person in GST
How Distinct person in GST will change the way we look at a business entity: In all the central indirect taxes we pay a business entity is seen as consolidated. Untill the introduction of GST the taxable events were different activities. Which tax you need
CA Shafaly GirdharwalCircular 41 of CBDT: Indirect Transfer provisions
Circular 41 of CBDT: Indirect Transfer provisions Clarifications on Indirect Transfer provisions under the lncome Tax Act. 1961 Under the indirect transfer provisions contained in section 9(1)(i) of the Income Tax Act, 1961 (.Act’), all income accruing or arising, whether directly or indirectly, -through or
Budget 2017:Clarity on Indirect transfer provisions
Background why clarity on Indirect transfer provisions required: Section 9 of the Act deals with cases of income which are deemed to accrue or arise in India. Sub-section (1) of the said section creates a legal fiction that certain incomes shall be deemed to accrue
Rate of income tax for AY 2017-18
Individual, Hindu undivided family, association of persons, body of individuals, artificial juridical person. (i) The rates of income-tax in the case of every individual The tax rates for individuals and Hindu undivided family or every association of persons or body of individuals, whether incorporated or not,
Transaction value in GST
Why we need to analyse transaction value Transaction value is accepted as basic valuation to tax supply in GST. Taxation under any tax law pass through a small journey. There are some important components to it. To levy any tax we need to determine the following
CA Shafaly GirdharwalGuide on Works contracts in GST
Works contracts background: Works contracts were always been a debatable issue.It is expected that works contracts in GST will be simplified. Since its inception it has suffered a lot of litigation. More of the concepts in works contracts are developed through court cases rather than
CA Shafaly GirdharwalWhy to choose SIP as an investment mode
Meaning of SIP: When it comes to invest it is hard to fetch a big amount every time. Investments are our base for future specially for private sector employees as they don’t have pension security.Here you can start your savings to be deducted from your
CA Shafaly GirdharwalTop three ELSS funds for 2017
Top three ELSS funds for 2017: ELSS are eligible for 80C deduction under income tax Act. In ELSS we can invest either lump sum or via SIP. It is better to choose SIP over lump sum investment as it capture the various levels of market.Here
Place of Effective Management of a Company
Relevance of Place of Effective Management of a Company (POEM) This article is based on circular issued by ministry of finance on 24/01/2017. The copy of circular is also attached at the end of this article. Section 6(3) of the Income-tax Act, 1961 (the Act), prior
NCDs of Srei Infrastructure Finance Ltd 2017
The salient features of NCDs of Srei Infrastructure Finance Ltd are as follows: Public issue of “Secured Redeemable Non-Convertible Debentures” NCDs of Srei Infrastructure Finance Ltd, which is opening on January 30, 2017 and will close on February 23, 2017. NCDs have Tenure of 400
UTI-Dual Advantage Fixed Term Fund NFO
Details for UTI-Dual Advantage Fixed Term Fund – Series IV – III (1279 days) – NFO We are pleased to inform you that UTI Mutual Fund is launching UTI-Dual Advantage Fixed Term Fund – Series IV – III (1279 days) – NFO as per the details given