Articles by Ravi Kumar Somani

Transitional Challenges in GST Implementation

Ravi Kumar Somani 24 January 2017 at 11:01

India is committed to implement Goods and Service Tax (GST). GST is expected to be implemented from April 2017 or a little later. The tax system is currently in..

Impact of GST on Automobile Dealers Industry

Ravi Kumar Somani 20 January 2017 at 09:51

The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country's Gross Domestic Product (GDP).

Action Points before GST Implementation

Ravi Kumar Somani 02 January 2017 at 17:13

Since the tax system is in the transitional phase, hence, this is the right time for businesses to understand the immediate action points for smooth implementat..

Impact of GST on Real-Estate Sector

Ravi Kumar Somani 20 December 2016 at 10:46

The implementation of GST is possible from April 2017 or little later. Migrating to the new tax regime could have substantial impact on the business houses.

Issues in respect of Taxability of various softwares

Ravi Kumar Somani 15 July 2016 at 10:46

If material and service portion cannot be segregated, then 70% of the value is deemed to be the standard service element as per the service tax law.

Service Tax Audits by Department - Legal Position

Ravi Kumar Somani 15 July 2016 at 10:46

Service Tax Audits by Department - Legal Position - By CA Ravi Kumar Somani & Rakesh SaraswathINTRODUCTION:Service Tax law operates under the concept of sel

Service Tax implications on Land Development Agreements between landlord and developers

Ravi Kumar Somani 16 February 2016 at 12:37

In case of a Real estate and construction industry, where due to various political and economical reasons we have seen that there is a sharp downturn being noted in the sale of residential and commercial construction projects irrespective of fact tha

Service Tax versus VAT in case of Renting of Motor Vehicles/ Cabs

Ravi Kumar Somani 09 February 2016 at 09:48

SomaniCurrently, there is lot of confusion among the industry, trade and the taxmen on whether the activity of Renting of movable goods or supply of tangible goods attracts Servi