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Introduction of VAT in UAE
Introduction of VAT in UAE GCC i.e. Gulf Cooperation Council is a political and economic alliance of six middle eastern countries- Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman. The GCC was established in Saudi Arabia in May 1981. The objective of the GCC is
Taxability of works contracts for PSU in GST
Taxability of works contracts for PSU in GST There is a huge number of works contracts for PSU in GST . Many contractors work for various government entities for construction projects. The Contracts done for PSU’s are covered in both notification no. 12/2017 and 13/2017
CA Shafaly GirdharwalValuation of Supplies, Job Work and Transition under UAE VAT
Valuation of Supplies, Job Work and Transitional Provisions under UAE VAT Valuation of Supplies under UAE VAT Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the most important questions is what is valuation
Benami Transaction (Prohibition) Act, 1988
Benami Transaction (Prohibition) Act, 1988 History of Benami Transactions Benami is a Persian term which essentially means something “without a name”. However, in the present context, it means proxy. So, a benami property is a property bought by the original owner using a proxy. This
Input Credit and Tax Payments under UAE VAT
Input Credit and Tax Payments under UAE VAT VAT in UAE is a general consumption tax which will be levied on the majority of transactions of goods and services unless specifically exempted by the Law. Under this, VAT is charged at every stage of ‘Value
GST Case 16- NHPC Ltd
GST Case 16- NHPC Ltd 1. Query: Query 1:- Whether NHPC Limited required to pay GST under reverse charge of Notification No. 13/2017 while making payment to PWD, Uttrakhand for construction of road? Query 2:- What is the time of supply when advance payment is
Date and Place of Supply under UAE VAT
Date and Place of Supply under UAE VAT The tax which has been levied and needs to be assessed, will require a specific date to be established for the transaction for taxpayer and tax administration to carry out the quantification. This article provides for the
Comprehensive Checklist for GST Audit
Comprehensive Checklist for GST Audit by CA Pragya Singh As the year is ending, the date for filing the GSTR-9 and GSTR-9C is getting closer. The GSTR-9 is for annual return and GSTR-9C is for the audit report. So, let us know more about what
GST Case 15-Goa Tourism Development Corporation Ltd.
GST Case 15-Goa Tourism Development Corporation Ltd. In the GST Case of Goa Tourism Development Corporation Ltd. The applicant has raised the query regarding “Whether GST is applicable on One Time Concession Fees”. 1. Query: Whether GST is applicable on One Time Concession Fees charged
Complete Analysis of EPCG Scheme
Complete Analysis of EPCG Scheme This is a very Beneficial Export Promotion Scheme through which Capital Goods required for Export Production is allowed Duty-Free. Objective The objective of the EPCG Scheme is to facilitate import of capital goods for producing quality goods and services and
S N PanigrahiRefund of unutilized ITC compensation cess
Refund of unutilized ITC compensation cess A useful analysis of Circular No. 45/19/2018-GST regarding the Refund of unutilized ITC compensation cess. ITC availed on inputs in cases where the final product is not subject to the levy of compensation cess. Point No. 5.1 Doubts have been raised whether
Shailesh ChhatbarCase study # 14 GST AR of Kailash Chandra
Case study # 14 GST AR of Kailash Chandra GSTCase-14-Kailash Chandra 2018 AAR- RAJASTHAN) Tax Rate on Single Indivisible Contract for installation, commissioning, operation and maintenance of bore well water pumping systems, Reverse osmosis plant. 1. Query Query 1: The applicant sought whether activity