SMK & Associates

11/01/2017

Service Tax: Where assessee was engaged in service of renting of immovable property and during period 2007-08 to 2009-10 it paid service tax under section 73 from cenvat credit available on 31-1-2011 along with interest and Adjudicating Authority held that as per rule 3(4) of Cenvat Credit Rules, ce...

03/01/2017

In case of input-credit mismatch, VAT dept. must give opportunity of producing supporting docs to dealer. Read more: http://bit.ly/2iZmrn0

02/01/2017

05/08/2016

GST... The Game changer !!!!!!
GST will be a game changing reform for Indian economy by developing a common Indian market and reducing the cascading effect of tax on the cost of goods and services.
It will impact the Tax Structure, Tax Incidence, Tax Computation, Tax Payment, Compliance, Credit Utilization and Reporting leading to a complete overhaul of the current indirect tax system.
GST will have a far reaching impact on almost all the aspects of the business operations in the country, for instance, pricing of products and services; supply chain optimization; IT, accounting and tax compliance systems.