Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions
The Bombay High Court vide its judgment dated 08.02.2021, has raised a new question instead of delivering an answer to the correct and firm interpretation of the legislation. In the case of Yogesh Jagdish Kanodia v. The State of Maharashtra & Anr., the primary issue before the Hon’ble High Court was to deal with the … Continue reading Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions
Read more »A Study on Compliance of Tax Structures in Income Inequality and the Reforms Required
Introduction Poverty is extensively characterised as a vicious circle. This is to say that there are various forces placed in a constellation (proverbial) that work together to keep a person poor or a group of people in the clutches of poverty. However, in mainstream politics, rarely is poverty discussed from the perspective of unjust redistribution … Continue reading A Study on Compliance of Tax Structures in Income Inequality and the Reforms Required
Read more »Trademark Valuation And Taxation
Trademark Valuation Trademark is defined as a mark (may include symbols, colour, shape, packaging of goods, etc.) that encompasses the capability to geographically represent and distinguish the goods or services of one party from other parties.It is a set of rights that enables the use of such marks by the owner to the exclusion of … Continue reading Trademark Valuation And Taxation
Read more »Received Notice From GST Department – Key Points To Consider
Recently the GST Department has started issuing notices based upon the income tax returns filed by businesses and individuals or TDS credits reflecting in their Form 26AS. The move is aimed towards identifying cases where certain income although reflecting in Income Tax returns, has not been declared in the GST returns or no registration has … Continue reading Received Notice From GST Department – Key Points To Consider
Read more »Advance Rulings – Much Ado About Nothing?
Background After the introduction of GST, it has become very common for the media to cover the recent updates in GST Law& decisions of the GST Council. In addition to these, the media also widely discusses the recent rulings pronounced by the various State Authorities of Advance Rulings. Not only have these rulings become a hot … Continue reading Advance Rulings – Much Ado About Nothing?
Read more »New Beginnings – Taxation Practice
…but in this world nothing can be said to be certain, except death and taxes ― Benjamin Franklin These famous words by Benjamin Franklin are often used during discussions on the subject on taxes. Taxation is indeed a sensitive subject, with almost everyone having an opinion on it. Although taxes are certain, at times its … Continue reading New Beginnings – Taxation Practice
Read more »Liability To Pay Service Tax Under Reverse Charge – Whether Tax Is Payable By The Service Recipient Even If Already Collected And Paid By Service Provider?
The basic principle governing indirect taxes is that the incidence of tax is borne by consumer and not by the person supplying such goods or services. The tax so charged and collected from such consumer is required to be deposited to the Government by the person supplying such goods or services, who is also required … Continue reading Liability To Pay Service Tax Under Reverse Charge – Whether Tax Is Payable By The Service Recipient Even If Already Collected And Paid By Service Provider?
Read more »The Great Indian Budget Summarised (Modi – Led BJP Government’s Interim Budget 2019)
On the eve of the upcoming elections, India’s Finance Minister Piyush Goyal, under the Modi led BJP Government announced the interim budget which would be in force till the Election on 1st February, 2019 . In his 2 hour long speech he dealt with a variety of sectors ranging from Agriculture to Tax & Defence … Continue reading The Great Indian Budget Summarised (Modi – Led BJP Government’s Interim Budget 2019)
Read more »A To Z of Listing Compliances in India
What Is A Listing Agreement? A Company seeking listing of their securities on the Stock Exchange is required to enter into a formal listing agreement with the Stock Exchange. Such listing agreement specifies all the quantitative and qualitative requirements to be continuously complied with by the issuer for continued listing. The Stock Exchange then monitors … Continue reading A To Z of Listing Compliances in India
Read more »Goods and Services Tax and E-Commerce
Introduction It is estimated that Indian E-commerce market has crossed US$ 38.5 billion as of 2017 March[1] and India will soon become second largest E-commerce market platform. This Article analyses the effect of GST on E-commerce in India and also describes the forms procedure and due dates for returns to be filed by a E-Commerce Operator … Continue reading Goods and Services Tax and E-Commerce
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