Refund under GST Law Refund under GST is nowadays an open issue which is a problem for almost all class of taxpayers, majorly exporters which is directly impacting their working capital.The cases of refund under GST are as below Exports with Payment Export under LUT/Bond Inverted Rate of Duty, Supply to SEZ, Tax Paid by Mistake, Excess Tax in Cash Ledger, etc Exports with Payment Prerequisites : Registration on Icegate… Read More »Refund under GST
E-Commerce Specified Services u/s 9(5) of CGST Act and u/s 5 (5) of IGST Act The Government has notified following categories of services, the tax on which shall be paid by the ECO – However, the persons making supply of services, other than supplies specified under subsection (5) of section 9 is allowed to take benefit of threshold limit. Registration Limit Electronic Commerce Operator (ECO)
The Finance Bill proposes to provide an option to an Individual / HUF either to pay tax as per existing tax rates or at concessional tax rates subject to the prescribed conditions. AOP / BOI / Artificial Juridical Person will continue to pay tax as per the existing tax rates.The following rates shall be increased by Surcharge and Education Cess as applicable in the table given below: Health and Education… Read More »Budget 2020 – Income Tax Slab Rates
Brief Overview Valuing an Early stage company is rather difficult due to lack of solid previous data and financials to forecast future performance. It is very difficult to arrive at the true value of the company. Many entrepreneurs especially those from the non financial background claim , “if it’s difficult to arrive at the correct valuation , then why do the exercise at the first place? ” : We would… Read More »Valuation of Early Stage Companies
Small and Medium Enterprises (SMEs) are the backbone of a nation’s economy. Like any other major economy, India too enjoys its fair share of SMEs which constitute bulk of the industrial base, also contributing significantly to the exports and GDP. But even then they face difficulty in finding investors and getting listed on main board. An SME Exchange is a stock exchange dedicated for trading the shares / securities of… Read More »SME Listing: A Direct Growth Driver
The reduction in corporate tax rates for domestic companies is a bold and radical measure implemented by the Government to tackle the slow-down in the economy. All domestic companies across all sectors will stand to benefit from the reduction if they opt to sacrifice the tax incentives. There has been a reduction in the MAT rate from 18.5% to 15% for companies following the existing scheme.In case of companies not… Read More »The Ideal Business Structure – Impact of Changes in Tax Rates
Real Estate has historically been a preferred investment choice for many Indians and the sector has been driven to a large extent through investments made in the residential property segment. A joint report from JLL and CREDAI has estimated that housing sector investments in India since 2014 amounted to Rs. 59,000 crore and accounted for approximately 47% of the total investments in the sector with projections indicating further increase in… Read More »Impact of GST on Real Estate
Before going deep into the dynamics of the eligibility and procedure, let us understand what exactly a startup is. “A startup is a business managed by the collection of a few people that solves a problem”. The StartUp India Project has been in the inception stage for quite a time. With relief from Angel Tax, reduction in Corporate Tax and a cut in Repo Rate, Measures are taken to create… Read More »Startup India
Cash flow management looks into four aspects: Income, Expenses, Savings, and Investments. Net Profit is a key indicator of the growth aspect of an entity, however what is even more critical to a business than the net profit is the cash flow generated by the business. Cash Flow is analysed into 3 core areas – Cash Flow from Investing, Operations and Financing. Impact of Cash flow on Business Entity While… Read More »Cash Flow Management