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GST Council all important meeting in November: By CA Rashmi Jain
What is the four tier GST structure? The GST Council has proposed a four-tier GST structure starting from 6 percent, two standard rates at 12 and 18 percent and the highest one at 26 percent with a further cess for luxury and demerit goods like
Whether the GST Council is formed without having constitution power: By Mr.Manoj Agarwal
GST Council is formed without having constitution power– All the provisions of The Constitution (101st Amendment) Act, 2016 comes into effect from 16/09/2016. Section 1 is also effective w.e.f. 16/09/16, which gives power to the Central Government to issue notification for effecting the various provisions
GST: Invoice level information
The following invoice level information:- 1) Invoices pertaining to B2B transactions. 2) Invoices pertaining to B2C transactions (Inter-State)& Intra State 3) Invoices pertaining to exempted including Nil rated supply. 4) Invoices pertaining to Export and deemed export supply. 5) Credit Note/Debit Note 6) Post Sales
Detail analysis of refund process for exports in GST
In this post we will cover the provisions for refund of IGST for: Export of Goods Export of services Deemed Exports
CA Shafaly GirdharwalDetermination and payment of taxes in GST
What are the various types of taxes in GST? There will be three types of taxes in GST levied on two types of supplies. CGST and SGST on intra state supply IGST on inter state supply Determination of taxes in GST: inter state supply Section
CA Shafaly GirdharwalBrief discussion on restructuring of loans: By CA Mahesh Bansal
A brief discussion on restructuring of loans – Debt restructuring is a method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantages. Sometimes, there may arise circumstances when a borrower may not be
GST and Petroleum Sector: By CA Rashmi Jain
GST and Petroleum Sector-Will non-inclusion of Petroleum Products in GST cause inflation? Yes, say the experts. We are the third largest consumer of crude oil with a consumption of 4.2 million barrels per day (calendar year 2015 data). US top and China is number second.
Income Tax ConsultancyHow to Maintain Safe Distance from Income Tax Department :By PCS Sanjeev Shah
Do you want to keep an Arm’s Length Distance from the Income Tax Department? Obviously the Answer is YES!!! But the question here is HOW??? *Here are a list of expenses/ investments, which at any point of time performed by you may invite undue attention
GST AND DELHI ECONOMY – LIKELY IMPACT ON DIFFERENT SECTORS
GST AND DELHI ECONOMY- DELHI PROFESSIONALS AND TRADE HAVE TO START UNDERSTANDING, APPRECIATING AND IMPLEMENTING GST LAW INTO THEIR BUSINESSES RIGHT FROM THE WORD GO. THE LIKELY SECTORS WHERE IMPACT WILL BE HIGH, MY TAKE FEELS, ARE AS FOLLOWS 1. Infrastructure: Works contract is now
Registration in GST: all you need to know
The requirement of registration in GST- There can be various instances to generate the liability to take registration in GST. Turnover is one of the criteria. In some cases, registration may be mandatory even without any outward supply. Let us elaborate on all these scenarios.
CA Shafaly GirdharwalDraft GST Model Law issued by CBIC
GST ComplianceReturns in GST as modified by Draft rules
Type of returns in GST We all know that in last meeting of GST council it adopted some draft rules. Format for GSTR were also one of them. Return forms in GST have changed and now take care to refer only amended forms. Here we
CA Shafaly Girdharwal