REVERSE CHARGE IN GST POSTPONED The revenue department has decided to keep in abeyance GST provisions relating to reverse charge mechanism, tax deducted at source (TDS) and tax collected at source (TCS) for another three months till September-end.

 UNION BUDGET 2018 HIGHLIGHTS (DIRECT TAX PROPOSALS)   Disclaimer The information contained in this booklet is intended to provide only general information and not for the advice on any particular matter. Subscribers and readers should seek appropriate professional advice before acting on the basis of any information contained herein. A R A J & Associates, its partners, employees expressly disclaim any and all liability to any person, whether a subscriber or not, in respect of

MERCHANT EXPORT PROCEDURE IN GST Relevant Notification No. is 40/2017-CENTRAL TAX (RATE), DATED 23.10.2017 and Similar Notification has been issued in UTGST, SGST & IGST Act, effective dated 23.10.2017. These provisions i.e. with reference to the Notification No., 40/2017-Central Tax (Rate), dated 23.10.2017, are applicable to the Registered Supplier and the Registered Exporter (Merchant Exporter), covered under the Notification No., 41/2017-Integrated Tax (Rate), dated 23.10.2017, IGST Act, 2017 and Notification No., 40/2017-Union Territory Tax (Rate), dated 23.10.2017, UTGST Act, 2017. The Central Tax

Advance Ruling Authority Chapter XVII of the Central Goods and Services Tax Act, 2017 (‘Act’ for short) deals with the provisions relating to advance ruling. Section 96 of the Act prescribes the Authority for advance rulings. This section provides that subject to the provisions of the Chapter XVII, for the purposes of this Act, the Authority for advance ruling constituted under the provisions of a State Goods and Services Tax Act or Union Territory Goods and Services Tax Act shall be deemed

How to Open a Current Account What is a Current Account? Current Account is an account in which there is no limit on the Number of Transactions that can be done in a day and therefore is also known as Transactional Accounts. These types of accounts are held neither for the purpose of investment nor for the purpose savings but only for the convenience of the business as these accounts are most liquid types of