Goods and Service Tax – Export of Goods & Services GST is just result in Business Transformation not the change in Tax Structure . One would definitely witness the Growth in Exports with the introduction of GST.
Fall in the category of wilful defaulter or not ? The concept of ‘wilful’ and ‘non-wilful’ as categories of (bank loan) defaulters was introduced by the Reserve Bank of India (RBI), the country’s apex bank in the year 1999.
Hidden ambiguity on Cenvat credit on rent-a-cab Refusing to CENVAT credit on rent-a-cab services is good for revenue officers. Period till 01.04.2011, courts and tribunals allowed the credit however with action of specific exclusion in the definition of ‘Input service’ so as to disallow the credit on rent-a-cab services, most of the assessee’s became ineligible […]
Opportunities in GST for Chartered Accountants Dreams of GST may be true very soon. The bill has been approved in Rajya Sabha by majority on 03.08.2016. GST may be implemented with effect from April 2017.
Taxability of Gift received by an individual or HUF It is important to note that such gifts received could have tax implications in the hands of the recipient; therefore, one needs to exercise caution so that he is not caught unawares.