taxation

Introduction The complex nature of India's GST - which has four tax brackets ranging from a 5% to 28% - is bound to attract thousands of lawsuits in a legal system already grappling with a backlog of more than 24 million cases. Even before the planned 1 July roll out, about 100,000 indirect tax appeals were clo..

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Central Goods and Services Tax (Amendment) Bill, 2017.  The Ordinance has ..

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Integrated Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Integrated Goods and Services Tax (Amendment) Bill, 2017.  The Ordinanc..

.style2 { text-align: justify; } .style3 { text-decoration: none; } An injustice made to Practicing Advocates in GST Act -  They cannot become a  Member  of the Appellate Tribunal directly from the Bar. Current provisions on Recruitment of Member..

Goods and Services Tax (GST) is now applicable to all goods and services transactions happening throughout the nation. This tax replaces the multitude of indirect taxes levied on goods, transport, and financial services across the country and states. While it has simplified indirect tax collection for the government and taxpayer, it impacts is yet to be full..

There is a common notion that the Advocates are totally out of GST. However, if you analyze the provisions carefully, it can be seen that the statement is not fully true. Some of the services provided by an advocate are taxable under GST. What is exempted in the case of Advocates? p style="text-align: j..

A failure to act fairly would be ‘failure to act in accordance with law’ and failure to make a decision in accordance with law would be contrary to law-applicability of principles of natural justice is intended to act as safeguard against arbitrariness An honest tax-payer should not be subjected to unnecessary harassmen..

As we know that every dealer is required to get himself registered under DVAT, if his turnover exceeds taxable quantum i.e. Rs. 20 lakh in current year; or to pay tax, or is registered or required to be registered under Central Sales Tax Act, 1956. D..

The government strategy now seems clear; it aims at taking strong action against benami property as soon as the demonetisation drive gets over.  The Benami Transactions (Prohibition) Amendment Act, 2016, designed to curb black money and passed by parliament in August 2016 & came into effect form 1st Nov. 2016. The new law ..

1. All the Ministers, MP’s, MLA’s and Judges in India are under wrong impression that only Chartered Accountants are in practice of taxation. Therefore, the taxation laws are being drafted only with the advice of Chartered Accountants working in various Government Departments or as the case may be with the advice of the Institute of Charte..

WHEN NOTHING IS CERTAIN of PERPETUAL USE (OBVIOUSLY CONTROLLED   BY  ‘LOC’;  WHAT TAXATION  ACHIEVES FOR YOU, YOU NEED TO KNOW, WHEN YOU ARE PERPETUALLY TAXED MORE and MORE FOR THE VERY  ‘SAME OR SIMILAR’ PURPOSE(S)? HOW  WOULD YOU CALL THIS IS TRUSTWO..

“Stop getting taxed due to taxes – know the law and its impact on you!”   GST is set to change the face of the way business is done in India, bringing in more transparency and greater ease of doing business. As a consumer, read on to know how th..

Taxes are the biggest source of revenue of government of India, for its day to day expenses and social welfare measures. Normally tax collections are divided in Direct Tax and Indirect Tax category. Income Tax comes under the Direct Taxes group and this is biggest source of  revenue under..

Building works contractors/developers in Haryana were not paying tax since there were no proper guidelines or Rules prescribed under Haryana Value Added Tax Act, 2003. Now, Haryana Government has prescribed the rules for building works contractor/developer after the direction of Punjab & Haryana High Court while deciding the case of M/s CHD Developers Limited..

In this age of digital India, everything is moving pretty fast. You can see the working style, the jobs, the legal disputes, the marketing strategies etc. This has also starting affecting the government as well. We can Companies Act, 2013 has already been placed, Goods and Service tax (GST) is on a roll and Income tax Act, has already changed a lot. Though GST ha..