Budgets & Budgetary Control
WHAT IS A BUDGET AND BUDGETARY CONTROL? A. Budget is an estimation/statement of financial resources set aside for carrying out specific...
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Seth & Associates
Apr 13, 20203 min read
Important Disallowances under Income Tax Act (Sec 40A)
WHAT IS SEC 40A Under the Income tax Act,1961 profit or gain from business or profession is considered income and such income is...
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Seth & Associates
Apr 9, 20203 min read
Sec 271AAD of the Income Tax w.e.f. 1st April 2020
WHAT IS SEC 271AAD Finance Act 2020 has inserted a new section 271AAD in the Income-tax Act relating to penalty for false or omission of...
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Dhruv Seth
Sep 5, 20182 min read
Input Tax Credit wrongly availed under GST
Input Tax Credit mechanism allows registered person under GST to set-off their GST tax liability. Since GST is a consumption-based tax,...
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GST @ Seth & Associates
Jul 21, 20171 min read
GST impact on E-Commerce Operators
#Indirecttax #DhruvSeth #GST
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GST @ Seth & Associates
Jul 5, 20171 min read
GST - Invoice and Voucher types
We are attaching various voucher and invoice types which would need to be issued under GST. We have also attached a brief writeup when...
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Seth & Associates
Jun 7, 20172 min read
GST - Availability and Restrictions in Input Tax Credit
The entire foundation of GST has been proposed to be seamless transfer of credit till the end consumer to ensure optimum pricing....
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Dhruv Seth
Jun 1, 20176 min read
GST - Foreseeable Issues
Till date we have been sending various articles and writeups about what the law states. However with this writeup we wish to inform you...
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Dhruv Seth
May 31, 20173 min read
GST Rates ready reckoner - 18th May council meeting
On the 18th of May, 2017, the GST council convened to fix and finalise the much awaited GST rates for 1211 goods across 98 categories....
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Dhruv Seth
Apr 16, 20172 min read
Important Income Tax amendments w.e.f 1st April, 2017
Please take note of the following very important changes in income tax Laws that come into effect from 1st April 2017. The limit of Rs...
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Seth & Associates
Apr 16, 20172 min read
E-Way Bills as Per New GST Rules
E-Way Bills as Per New GST Rules 1) E-Way Bill will be required for movement of all goods, whether within the state or across states....
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Dhruv Seth
Jul 17, 20163 min read
Time of taxation of Joint Development agreements
According to the law of Income tax in India there are three very critical limbs of taxing a person. :- i. There should be income deemed...
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Seth & Associates
Jun 10, 20161 min read
India BPO Promotion Scheme
The scheme initiated under Digital India Programme is detailed as below: Objective: IBPS envisaged under digital India Programme, seeks...
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Seth & Associates
Jun 8, 20164 min read
Analysis of the Delhi HC judgment striking down Service Tax audit
Delhi HC strikes down Rule 5A(2) of Service Tax Rules, 1994 Mega Cabs Pvt. Ltd. v. Union of India & Ors. In a major battle we have been...
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Seth & Associates
Jun 6, 20162 min read
India Ranks 2nd in Ease of doing business as per GRDI 2016
India has jumped 13 positions from 2015 to rank second among 30 developing countries in 2016 on ease of doing business, according to a...
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Seth & Associates
Jun 5, 20166 min read
E-Commerce -Taxation Issues in India
Strategic Highlights India's e-commerce market was worth about $3.9 billion in 2009, it went up to $12.6 billion in 2013. In 2013, the...
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Seth & Associates
May 6, 20169 min read
Contours of Real Estate (Regulation and Development) Act, 2016
The much awaited and widely anticipated Real Estate (Regulation and Development) Act, 2016 comes into force on May 1st, 2016 setting in...
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