Transitional Provisions under GST Law Part2-Treatment of Input Credit on Capital Goods
- March 9, 2017
- Posted by: SosAdmin)
- Category: GST
No CommentsUnder Model GST Law, specific provisions have been given to avail input credit on Capital Goods. In this video we are going to talk about the provisions of section 168 of Model GST Law. The provisions can be divided into two categories Input Credit Admissible for Capital Goods under CGST Law Input Credit Admissible for
When Softex Form Has to be Filed?
- March 8, 2017
- Posted by: SosAdmin)
- Category: FEMA/RBI
Softex form has to be filed whenever there is export of software otherwise than in physical form. For example via magnetic tapes/discs, paper and transmission links When Softex Form has to be filed Softex in the form of Excel summary sheet as notified by RBI can be filed for all invoices raised in a month.
TRANSITIONAL PROVISIONS RELATING INPUT CREDIT UNDER MODEL GST LAW-Part1
- March 8, 2017
- Posted by: SosAdmin)
- Category: GST
Under Model GST Law, specific provisions have been given to avail input credit. In this video we are going to talk about the provisions of section 167 of Model GST Law. The provisions can be divided into two categories Input Credit Admissible under CGST Law Input Credit Admissible under SGST Law Input Credit Admissible
Taxation of Approved Gratuity Trust Under Income Tax Act 1961
- March 7, 2017
- Posted by: SosAdmin)
- Category: Income Tax
When it comes to taxation of approved gratuity fund, there is lot of confusion on topics such as tax slabs, income tax exemption. So all these questions can be tackled from following perspectives Status of Approved Gratuity Fund A Separate PAN number is required to file income tax return of approved gratuity fund. In the
Point of Taxation Rules Under Service Tax
- December 7, 2016
- Posted by: SosAdmin)
- Category: Service Tax
Point of Taxation was introduced in year 2011. Since then there have been numerous amendments. In this post we have tried to analyse the provisions of point of taxation rules with all the changes and amendment since 2011. Point of Taxation Rules is very important as they lay down clearly when the service tax has
Service Exports from India Scheme-Know How Can Avail Benefit Under It
- November 14, 2016
- Posted by: SosAdmin)
- Category: Finance & accounting
In order to encourage export of services, Indian government notified Service Exports from India Scheme commonly referred to as SEIS scheme. This is as per Foreign Trade Policy 2015-2020 Some of the features of this scheme are: 1. Service providers located in India, providing services notified are eligible for this scheme Some of the services
Notification No. 48/2016-Service Tax-Online Shopping Set To Become Expensive
- November 11, 2016
- Posted by: SosAdmin)
- Category: Service Tax
If you have been using services such as: Renting or downloading of movies or music Buying eBooks Availing cloud based services Buying hosting and email services Online gaming From a company which is not based in India, then all these are going to become expensive as these companies have to pay service tax on it
How to Apply For Service Tax Refund-A Step By Step Process to Get Service Tax Refund
- November 1, 2016
- Posted by: SosAdmin)
- Category: Service Tax
Before you apply for service tax refund, you should know when you can apply for service tax refund a) When there is excess payment of service tax and which cannot be used for squaring off future service tax liability b) When there is accumulated cenvat credit used in providing output service which has been exported
Equalization Tax Aka Google Tax Could Burn A Hole in Your Pocket?
- October 19, 2016
- Posted by: SosAdmin)
- Category: Income Tax, Service Tax
With Finance Act 2016, advertising services and goods online will become expensive with introduction of Equalization Levy Tax. The reason for introduction of this levy as lot of multi-national companies engaged in business of media and advertising are earning profits without paying any income tax in India as well as it was increasingly become difficult
Nine Factors To Consider Before You Decide to Outsource Finance and Accounting Function
- October 17, 2016
- Posted by: SosAdmin)
- Category: Finance & accounting
Well after lot of deliberation and thought you have finally decided to outsource your finance and accounting function. We are quite sure that cost is not the only factor in making up your mind to outsource. If it is, please go through below factors as well before you decide to outsource your books before it