CPE STUDY Circles

GST IN INDIA
-BY CA SUDHIR HALAKHANDI

The GST is much awaited tax in India. It is good , good and good. It will replace all the indirect taxes in States and Centre and remove the cascading effect . It will be a game changer and economy will turnaround after introduction of GST.

Ok, Everybody is praising the GST so what's new in it ? All of you know these so called plus points of GST since the Govt agencies are singing this song since 2006 and Now all the GST experts are repeating it.

GST is a game changer so at least we should have some knowledge about the changes it will bring.

The one biggest change is in central excise. What will happen to Central excise in GST regime. First the name will be changed to CGST but it will have no major effect because what's in the name. The change will be related to point of taxation.

The CGST will be applied on Selling stage instead of manufacturing stage where the cetral excise is at present applicable. This you may call a big change.

Let us try to understand.

Vat is applicable on selling stage so there will be no change in point of taxation as far as Vat and SGST is concerned.

Central excise is applicable up to the point of manufacturig stage and in my opinion this was troubling our lawmakers since last several years and it was their intention to take it to the selling stage to collect more revenue.

You will listen Cascading effect , one tax , simplification of indirect taxation at various GST places but this shifting of taxation point from Manufacturing stage to selling stage is very rarely Highlited.

-Ca Sudhir Halakhandi

NRI TAXATION

https://www.personalfn.com/knowledge-center/tax-savings/tutorials/10-12-23/nri_income_tax.aspx

NRI Taxation | NRI Income Tax

www.vedjainassociates.com http://www.vedjainassociates.com/wp-content/uploads/2015/03/Salient-Features-of-the-Finance-Bill-2015_Cover.pdf

BUSINESS TRANSACTIONS must be SCRUTINIZED as such....

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After attending the CPE program

every member

MUST ask

HIMSELF/HERSELF:

THIS was the program which
couldn't be MISSED at ANY COST.

The OPPORTUNITY COST

of minimum 30 hours
(actually spent not less than 50 hours)

must be compared with the

BENEFITS

the members GET

from attending such CPE Learning Hours programs.

CPE Study Circles require a lot of

INNOVATIVE IDEAS

so that every CA rush to attend the programs.

One of the basic objectives

of CPE STUDY CIRCLES

is to DEVELOP READING HABITS

in its members.

CPE Leaning

focus

must be on

Area of Specialization

The only

PROFESSIONAL LUXURY

is

KNOWLEDGE SHARING.

The purpose of organization of CPE STUDY CIRCLES

is to educate Chartered Accountants to educate about

LATEST DEVELOPMENT in PROFESSION & BUSINESS

to equip them to be an

"ENTREPRENEUR"

than just to be engaged in the Profession.