Various facets of simultaneous power in Article 246A

  • Category: Levy and supply
  • Date: 27-10-2020
  • Writer: Manish Sachdeva

Indian polity forced India to adopt the dual GST model where both the Centre and the State would collectively levy and collect GST. Before the insertion of Article 246A in the Constitution of India (COI), both the Parliament (P) and Legislature of the States (SLs) possessed independent powers to levy and collect taxes on different mutually exclusive aspects. Both the functionaries’ tried to maintain respectable distance with the legislative field belonging to the other. The conflicts, if...

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Motor Vehicle – blocking is from the perspective of design or usage

  • Category: GST
  • Date: 27-10-2020
  • Writer: Shilpi Jain

This Article has been published in the Chamber's Journal Oct'20 Edition

The credits mentioned in section 17(5) of the CGST Act, 2017 are blocked and would not be eligible to the assessee even if used by him for business. All credits other than these, if used for making taxable supplies, would be eligible, provided the other conditions in the law are also satisfied. Hence it is important to understand the scope and ambit of these blocked credits to ensure that the assessee does not lose...

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Professional Empowerment Series- Leveraging Technology Vs Addiction – Art-12

  • Category: Empowering Student
  • Date: 24-10-2020
  • Writer: CA Madhukar N Hiregange

The exploding power of the internet along with search engines like Linked in, Google, Meet up, Face Book- professional networks, Xing, Zoom etc. have made answers to basic questions available at a click or couple of clicks. The googles, amazons, flipcarts, have ensured that all smart phones come with so much capability and pre loaded utilities that one is marrying into the UNKNOWN. Unfortunately, they have/ are becoming the monopolies of the world. Bigger than many smaller countries /...

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Summary of Notifications issued on 15th & 16th October 2020

  • Category: GST Updates
  • Date: 20-10-2020
  • Writer: Hiregange Team

Empowering Practice Series – Avoiding Procrastination – Art-11

  • Category: Empowering Student
  • Date: 17-10-2020
  • Writer: CA Madhukar N Hiregange

In my life, the cost of postponing by days, months and at times years of important aspects of life, profession included has been enormous when the past put though this filter. Since majority of time is in profession, the bulk of incidents where I have not done, not started, delayed decisions, commitments has had the effect of pulling me back, slowing me down. I have in fact postponed the exercise to introspect on this aspect for at least a few years. It is a fact that even highly driven and...

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Professional Empowerment Series- Contribution – Making a Difference- Art.10

  • Category: Empowering Student
  • Date: 13-10-2020
  • Writer: CA Madhukar N Hiregange

The pandemic is a wake-up call for all of us to really look at what is important in our life. We were forced to become- minimalist- that is what monks/ sages are always. It put in perspective our hollow normal ways of being, introspection on the rat race which we have been involved in. Thanks to my joining Rotary more than 2 decade back, the early introduction to philanthropy gave me an immense opportunity to grow as a person and a good patriot and citizen. Since this has also supported my...

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All you need to know about E-invoicing

  • Category: Professional Value Pack
  • Date: 10-10-2020
  • Writers: Anand Sharma, Bichitra Bijoy, CA Mannu Kashliwal

Professional Empowerment Series- Excellence in Quality- Art.9

  • Category: Empowering Student
  • Date: 09-10-2020
  • Writer: CA Madhukar N Hiregange

We have in the preceding 8 articles discussed the importance of continued enhancement of knowledge, skill and experience. All growth-oriented professionals would need to focus on ensuring excellent quality of work delivered consistently in time. Normally, after a few years the improvement plateaus and stops. One wonders why the better work/ better clients do not come in/ clients do not come again for repeat work. Peter Druker the noted economist observed that quality is not what you put into...

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Due date extension for GSTR-9 and GSTR-9C for FY 2018-19 and E-Invoicing

  • Category: GST Updates
  • Date: 02-10-2020
  • Writer: Hiregange Team

Professional Empowerment Series - Professional Ethics for Success – Article -8

  • Category: Empowering Student
  • Date: 30-09-2020
  • Writer: CA Madhukar N Hiregange

This article follows the earlier 7 on various aspects of empowerment of professionals seeking to practice in chosen area. In this article we look at professional ethics as applicable to the Chartered Accountant. The other professionals may have similar limitations with some aspects less focused on and a few where the aspects discussed may not be applicable.

All tax professionals would be providing services relating to advisory, assistances ( assignments), representational and attest...

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