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All software transactions will be uniformly taxed at 18% GST rate

GST
June 29, 2017 557 0

Government has in a recent notifications clarified that all software transactions will be uniformly taxed at 18% GST rate. This includes software services, supplies on media or temporary transfer of IP.  Please find attached the r...


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Why Taxation Authorities in India need a New Administrative Framework?

GST
June 26, 2017 506 0

Ever since the inception of taxation system, the world has witnessed a myriad of instances related to tax evasions.  Although the highly distinguished US Supreme Court Justice, Late Oliver Wendell Holmes Jr., once said, “Taxes are...


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PRESS NOTE TCS TDS 24062017

GST
June 26, 2017 435 0


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Registration in case of exporters

GST
June 26, 2017 469 0

In this blog, we look at a query on whether registration is mandatory for a person whose entire turnover purely comprises export of services.Query:We are fully export unit providing IT services to US clients. I understand that wha...


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Invoicing for services provided up to 30th June

GST
June 23, 2017 398 0

In this blog, we look at a query on billing of services provided up to the day immediately preceding the GST appointed date. Query:If GST is implemented on Jul-01 can we continue to bill our clients in July for the services up to ...


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Distribution of credits between registrations of same entity

GST
June 21, 2017 430 0

In this blog, we look at a query on the distribution of credits on account of services attributable to more than one GST registration belonging to the same entity. Query:We have a significant amount of marketing expenses which we ...


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Credits in respect of exports

GST
June 16, 2017 481 0

In this blog, we look at a query on the restriction of credits in case of exports. Query:A company is engaged in providing software support services to MNCs having operations in India and overseas. If the entire contract is with t...


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ARC's 15th India Forum on Industry in Transition: Realizing the Digital Enterprise

GST
June 15, 2017 474 0

Dear All, ARC Advisory Group likes to inform on the upcoming forum on “Industry in Transition: Realizing the Digital Enterprise”- For Process and Discrete Industries is scheduled on July 6-7, 2017 at Le Meridien Hotel, Bangalore, ...


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Returns to be filed under GST

GST
June 14, 2017 461 0

In this blog, we look at a query on the number and types of returns to be filed by a registered person. Query:What are the returns that a Company in the IT ITeS sector be required to file, in a financial year? Response:The followi...


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