What is The "Service" in Supply of Food - Only its Preparation?

  • Category: Others
  • Date: 22-11-2021
  • Writers: CA Madhukar N Hiregange, Shilpi Jain

Reading of Financial Statements under Indirect Taxes

  • Category: Others
  • Date: 09-11-2021
  • Writers: CA Akshay M Hiregange, CA Madhukar N Hiregange

Reading of Financial Statements under Indirect Taxes

 

 

Contents

1.Introduction.

2.Utility of reading AFS correctly.

3.AFS Areas not having IDT Impact

4.Indicators from Balance Sheet (BS) with Notes

5.Indicators from Profit & Loss (PL) with Notes

6.Other Inferences & Areas outside AFS.

7.Conclusion.

 

 

Introduction

 

With the removal of CA/CMA mandatory external audits under GST and the beginning of GST departmental audits, it is...

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Issues in GST- Intermediaries & Export of service?

  • Category: Others
  • Date: 01-10-2021
  • Writers: CA Madhukar N Hiregange, CA Roopa Nayak

Background

The scope, coverage and taxability of intermediary services has been a subject matter of litigation since service tax regime. Under service tax law, there had been disputes about the applicability of service tax levy on commission agency services by Indian service providers to foreign principals. The argument was that all services were provided by way of marketing /sales promotion to end customers in India, consequently taxable in India. The issue was more or less settled over...

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Permitting the distribution or exhibition of films, recordings or programmes through licensing arrangements – proposed increase in rate to 18%

  • Category: Latest updates
  • Date: 28-09-2021
  • Writer: Shilpi Jain

Whenever any amendment is proposed at the GST Council Meetings, it has a history to it, which when understood makes the intention clearer. In this article we would be trying to understand the proposed increase in the rate of GST to 18% in relation to the licensing services to broadcast and show original films, sound recordings, radio and television programmes.

The Indian GST law has a lot of complications due to our federal structure, like requirement of identifying the State to which the...

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Specific compliances under GST- Real Estate Sector

  • Category: Others
  • Date: 28-09-2021
  • Writers: Lakshmi Sahithi, Monika Motta

Transition troubles for ‘Cesses’: Ray of Hope for claiming refund

  • Category: GST
  • Date: 20-09-2021
  • Writers: CA Ashish Chaudhary, CA Venkata Prasad

Legal Updates-July 2021

  • Category: Others
  • Date: 10-08-2021

Legal Updates

  • Category: Others
  • Date: 20-07-2021

Mutuality concept defeated by the retrospective amendment under GST

  • Category: Others
  • Date: 20-07-2021
  • Writer: Shilpi Jain

Gaps in the statute - Giving ITC where it is due

  • Category: Input Tax Credit
  • Date: 20-07-2021
  • Writer: Manish Sachdeva