Articles by Mahadev

Employer obligatory services eligible for GST ITC

Mahadev 12 July 2019 at 11:38

Effective from 1st February 2019, most of the changes proposed by CGST (Amendment) Act 2018 were given effect in CGST Act 2017. Important changes were, providin..

Now it is time to get ready for GST

Mahadev 03 February 2017 at 11:06

Introduction of new indirect tax structure in form of GST looks more certain from 1st July 2017

Impact of GST on Textile Industry

Mahadev 23 January 2017 at 10:57

Impact of GST on Textile IndustryThe Indian textiles and apparel industry contributes nearly 10% to manufacturing production, 2% to India's Gross Domestic Produ..

GST - Impact on procurement for manufacturers

Mahadev 05 November 2016 at 10:47

In this article, we analyse the impact on procurements for manufacturers.

GST - Impact on sales for manufacturers

Mahadev 03 October 2016 at 10:47

Manufacturing sector has been given prime importance by the present Central Government and �Make in India� program is one such initiative

Opportunities in GST for Chartered Accountants

Mahadev 13 September 2016 at 11:09

We could only hope that a qualitative GST law is introduced considering the purpose of introduction of GST rather than being time bound and introduce GST in hurry.

TDS on Industrial Canteens - Karnataka VAT

Mahadev 04 August 2015 at 10:44

VAT is a levy on sale of goods. For the purpose, it is usually the seller who would be held liable for payment of VAT. However, there are few exceptions created under the VAT provisions. As per Section 3(2) of KVAT Act 2003, in case there is a sale b

K-VAT levy on freight charges

Mahadev 22 May 2015 at 10:27

KMany of the dealers today are not very clear about levy of VAT on freight charges being collected on the sale transactions. An attempt has been in this article to provide clarity on the implication of freight charges. Un

Cenvat Credit Changes - Budget 2015

Mahadev 03 March 2015 at 10:44

Lot of practical issues have been addressed in this years budget by the Central Government. One of the good news for the tax payer is extension of time limit for availing the Cenvat credit to 1 year fro

Issues in Issue of Form F under CST law

Mahadev 22 December 2014 at 11:01

Issues in Form "F" in CST When a dealer is transferring goods to another state not as a result of sale but as stock transfer to any other place of his business ( branch, godown, warehouse etc.), then such transfer would not be liable for CST as per C