• CA CK BAJPAI posted an update in the group Group logo of INDIRECT TAXINDIRECT TAX 1 month, 1 week ago

    Form C under central Sales Tax Act 1956
    I made an effort to understand the concept of Inter-State Sale/purchase under Central sales Tax Act, 1956 (CST)in my last post.Now going to discuss Form C:-
    State Government cannot levy the tax on inter-State Transactions however all such transaction are administered by the State Government that’s why…[Read more]

  • CA CK BAJPAI posted an update in the group Group logo of INDIRECT TAXINDIRECT TAX 1 month, 1 week ago

    A query on transfer of capital Goods and Form F under CST Act

    Inter Stock Transfer & Form F under central Sales Tax Act 1956
    One of my friends while reading article on “Form C” raised a query:-
    - Whether a dealer should declare the transfer of capital goods like Furniture , computers etc that are transferred to another state for own use in his…[Read more]

  • CA CK BAJPAI changed their profile picture 1 month, 2 weeks ago

  • House Rent Allowance - A tool of Tax planning for salaried

    House Rent Allowance (HRA) is second component which is found in each pay slip after basic salary. This is the major contributor in tax relief for the employee who reside in rented house during his/her employment.

    Generally employee submits Rent receipt and rent deed to his employer to…[Read more]

  • CHANDRA KISHORE BAJPAI posted an update in the group Group logo of INDIRECT TAXINDIRECT TAX 6 months ago

    Service Tax on Services provided by Directors to the Company

    Reverse charge mechanism was introduced purposefully to cover unorganized sectors like GTA or cover small service providers because for them paying tax may not be a problem but understanding of legal provisions and then complying with those provisions could really have become difficult…[Read more]

  • CHANDRA KISHORE BAJPAI posted an update in the group Group logo of INDIRECT TAXINDIRECT TAX 10 months ago

    Some clarifications have been issued by the CBEC regarding Voluntary compliance scheme, same is extract below :-
    Query-1:- Whether a person who has not obtained service tax registration so far can make a declaration under VCES?
    Answer:-Any person who has tax dues to declare can make a declaration in terms of the provisions of VCES. If such person…[Read more]

  • CHANDRA KISHORE BAJPAI posted an update in the group Group logo of INDIRECT TAXINDIRECT TAX 10 months ago

    In Budget 2013, Government introduced Service Tax Compliance Encouragement Scheme, in continuation of the scheme CBEC has issued “Service Tax Voluntary Compliance Encouragement Rules, 2013 vide it notification No 10/2013 dated 13th May 2013.
    Notification can be downloaded from http://www.cbec.gov.in under the Tab “service Tax

  • Amendment in service tax on construction , complex services

    CBEC has amended Notification No. 26/2012- ST dated 20.06.2012 with a view to remove the ambiguity prevailing on the rate of abatement of service tax on construction of residential unit.

    Notification No. 09/2013- ST dated 08.05.2013 has amended the rate of abatement in the case of…[Read more]

  • CHANDRA KISHORE BAJPAI changed their profile picture 2 years, 4 months ago

  • CHANDRA KISHORE BAJPAI became a registered member 2 years, 4 months ago