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Month: November 2019

No Goods and Service Tax (GST) for Duty-Free Shops

As per the Authority of Advance Ruling (AAR), the court ruling has clarified that goods sold at the Duty-Free Shops at the arrival and departure terminals of international airports shall be considered as export of goods under CGST Act, 2017. It would also be considered as export of goods under the GST Act. Hence, tax shall not […]

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HOW GST HELPS TO SMALL BUSINESSES

GST is meant to bring every indirect form of tax under one roof. For small and medium sized businesses, owners or manufacturers have to take care of different taxes and have to run to various departments to fulfill all the tax-related documentations. Some file different  taxes  annually, half-yearly.     THE CHANGES IN TAX RATE COME INTO FROM JULY […]

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Repair expenses of motor vehicles -is ITC available?

  Through CGST  Amendment Act 2018, the law on this point has been amended by inserting clause (ab) to Sec. 17(5) to specifically deal with the matter. The meaning and purport of this new clause is that ITC in respect of services of general insurance, servicing, repair and maintenance related to a motor vehicle is […]

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MSMEs to be decided based on turnover

  The Micro, Small and Medium Enterprises growth (Amendment) Bill provides for change in the standard of classification of MSMEs from the existing based on ‘investment in plant and machinery or equipment’ to ‘annual turnover‘ of the enterprise. The Micro, Small and Medium Enterprises Amendment) Bill, was introduced  by the Minister of State for Micro, Small and Medium […]

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What are the Advantages of Copyright Registration in India?

The term ‘copyright protection’ refers to the domination approved to authors by copyright law for exclusive use or reproduction.  Similar to trademark registration with the Trademark Registrar, copyright can also be registered with the Copyright Office to enjoy legal protection in a copyright table work.  A copyright is made available in a routine fashion to the author immediately […]

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