TRANSITIONAL PROVISIONS UNDER MODEL GST LAW

The objective of the presentation is to impart understanding on various issues which a business unit/service provider shall face in this change over from earlier law to GST.

https://drive.google.com/file/d/0B1rRav-P4-8JMDdSZnpUb1ZXNVk/view?usp=sharing

TCS important amendments w.e.f.01.06.2016

Tax Collected at Source TCS important amendments effective from 1st June, 2016
Read More:
https://drive.google.com/file/d/0B1rRav-P4-8JSWpqNXpjcmdRTG8/view?usp=sharing

Vinay Kaushik and Co.: Point of Taxation for New Levy of Krishi Kalyan Ce...

Vinay Kaushik and Co.: Point of Taxation for New Levy of Krishi Kalyan Ce...: Government is seeking to impose KKC in cases, where the invoice and provision of service has taken place prior to June 1, 2016, however pa...

Point of Taxation for New Levy of Krishi Kalyan Cess(KKC)

Government is seeking to impose KKC in cases, where the invoice and provision of service has taken place prior to June 1, 2016, however payment is not received till June 1, 2016. This would imply that on all debtors as on May 31, 2016, assesses will be liable to pay KKC. KKC would be payable in case liability to pay Service tax is on service provider but under similar situation KKC would not be payable when liability to pay Service tax is on the service recipient under reverse charge.

Read more:

https://drive.google.com/file/d/0B1rRav-P4-8JY0RKcnZMOWpvMWM/view?usp=sharing

FINANCE BILL

FINANCE BILL NO 18 OF 2016
https://drive.google.com/file/d/0B1rRav-P4-8JbXRMMURwTUFuM0U/view?usp=sharing

BUDGET HIGHLIGHTS 2016-2017

BUDGET HIGHLIGHTS 2016-2017

https://drive.google.com/file/d/0B1rRav-P4-8JRXhueFJVeVlZUU0/view?usp=sharing

E-PAYMENT UNDER GVAT

Gujarat Commercial Tax department has issued a circular dated 06.01.2016 making e-payment of Gujarat VAT mandatory for those traders whose total amount payable (tax, interest and penalty) is equal or more than  Rs.50,000.00 ( Rupees Fifty Thousand) in any one tax period. This is effective for all those tax payments, including interest and penalty, required to be made for the month of December 2015 or Quarter ending on 31st December 2015, i.e. up to 22.01.2016 and also for all such amounts payable for all the tax periods there after.

Copy of the circular:
https://drive.google.com/file/d/0B1rRav-P4-8JMkN6eGVpSnF5Sm8/view?usp=sharing

How the e-payment is  made?
Explained in the link below through snap shots:
https://drive.google.com/open?id=0B1rRav-P4-8JbUdIUXpUZ2h1Wjg

Courtesy: CA. Kamlesh Sandanshiv

                                              Partner

                       Vinay Kaushik & Co.

                     Chartered Accountants