CA Alok Jain
Get expert help in 4 simple steps.
No long forms or ticket numbers. Just open the app, pick an expert and start talking.
When CA is online for calls.
Call instantly during these hours — no appointment needed.
Top experts you can call now.
Verified experts ready to take your call — pick anyone instantly.
Checked before they take a call.
Your money is safe — always.
Verified, encrypted and pay-as-you-go. Here's why a call is risk-free.
Verified expert
Identity and profile reviewed before going live on ConsultEase.
Encrypted calls
Calls are secured end-to-end — private between you and the expert.
Pay per minute
Billed only for the minutes you talk — hang up anytime.
Wallet, no expiry
Top up once, use across experts. Your balance never expires.
Latest articles by CA Alok Jain.
Plain-English guides related to CA's areas.
The Major Changes In The New Model GST Law
New Model GST law is on public domain now. Here I have compiled the major changes in the proposed draft. 1) Exclusion Of Securities- Government has now specifically excluded securities from the definition of ‘goods’ under Section 2(49) and ‘services’ under Section 2(92) of the
Read articleAgenda for third meeting of GST council and why it is crucial
As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today- As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today, here is a look at the the agenda and key challenges before the council. Agenda
Read articleOutcome of Second Meeting of GST Council on 30th Sept 2016
GST council finalized rules for registration, rules for payments, returns, refunds and invoices. With this as many as six issues have been settled by the council, that has representatives of all the states, in two meetings in a span of one week. Discussions on service
Read articleTDS Provision as Per Section 37 Under GST Model Law/GST Act 2016
1) Following Persons required to Deduct TDS @ 1% from the Payment made or Credited to the Supplier of Goods or Services- a) A department or establishment of the Central or State Government, b) Local authority, c) Governmental agencies, d) Such persons or category of
Read articleGovernment ended 92 Year old Practice by merging the Railway Budget with General Budget
Government ended 92 Year old Practice by merging the Railway Budget with General Budget. It also in Principle Decided to advance the presentation of Union Budget from Last Day of February to the first week of February. ???????????????????? CA JAIN ALOK 9899259011 NIRC Member
Read articleImportant Points relating to Tax Invoice as Per Section 23 of the Model GST Law
1) At present, invoices or bills of sale etc. can be issued inclusive of tax in certain cases, whereas it is mandatory to indicate the tax charged in the GST regime. 2) Revised invoice shall be raised by the registered taxable person against the invoice
Read articleGood Example showing how to Claim Input Tax Credit under GST
X Ltd supplies manufactured goods to Y Ltd for Rs 5000 in April 2017; CGST thereon is, say, Rs 500 assuming Tax Rate 10%. Unfortunately X Ltd did not furnish these details in its outward supply to Y Ltd. While matching the credit, Y Ltd
Read articleImportant Point Related To Debit Note or Credit Note as Per Section 24 of the Model GST Law
Important Point Related To Debit Note or Credit Note as Per Section 24 of the Model GST Law 1) Tax Charged/ Taxable Value > or < Tax Charged/ Taxable Value (w.r.t. that supply), then Credit Note or Debit Note is required to be issued. 2)
Read articleProvision Related to Job Work U/S 43A of Model GST Law
1) Registered Taxable Person Can send taxable goods to Job Worker without Payment of Tax, provided a permission is taken In advance from the Commissioner. 2) One Job Worker can further send the good to another job worker without payment of Tax. 3) The Good
Read articleWhat is Supply as Per Section 3 of Model GST Law
1) General Meaning- (ST-BEL-RLD) Sale, Transfer, Barter, Exchange, Licence, Rental, Lease, Disposal A) Supplies Should be made by supplier who is engaged in Business (Defined U/S 2(17)) B) Should Involve Delivery of Goods or services to another Person C) Supplier should get something in return
Read article