Daily Archives: October 15, 2016

Constitution 101st Amendment Act 2016 -GST

By | October 15, 2016

Constitution 101st Amendment Act 2016 Constitution 101st Amendment Act 2016 was notified . Relevant provisions are :- Article 246A after Constitution 101st Amendment Act 2016 Article 248 after Constitution 101st Amendment Act 2016 Article 249 after Constitution 101st Amendment Act 2016 Article 250 after Constitution 101st Amendment Act 2016 Article 268 after Constitution 101st Amendment… Read More »

TDS on Commission for AY 2017-18

By | October 15, 2016

TDS on Commission for AY 2017-18 Provision regarding TDS on Commission or brokerage is provided in Section 194H of Income tax Act After Finance Act 2016 Salient Features of  TDS on Commission or brokerage Threshold limit for TDS on Commission or brokerage u/s 194H .  If Commission or brokerage or the aggregate of the amounts of Commission… Read More »

GST- All tax exemptions will move to refund mechanism

By | October 15, 2016

Government works on ironing out benefits refund mechanism for exporters Oct 15, 2016, NEW DELHI: A new plan is in the works to help exporters shift smoothly to a refunds-based mechanism when the goods and services tax (GST) kicks in. At present, exporters get tax sops upfront. India’s exports sector is facing pressure due to… Read More »

Category: GST

GST may trigger consolidation in warehousing space

By | October 15, 2016

GST may trigger consolidation in warehousing space The goods and services tax (GST) regime could usher in consolidation in the Indian warehousing space, property consultants and analysts said. With the government pushing for an April 2017 rollout of the single tax structure, many manufacturers who had built or leased warehouses in nearly every state to… Read More »

Category: GST

Effect of GST on Employment Contracts

By | October 15, 2016

Model GST Law may redefine employer-employee relationship Unlike in current scenario where provision of service by employee is excluded from definition of service, under the Model GST Law, employee service has not been excluded from the ambit of supply of service. October 14, 2016 There is a growing sense of optimism on GST as India… Read More »