Month: June 2017

“CA DAY” Special: Intresting facts about ICAI

“CA DAY” Special: Intresting facts about ICAI

I was in deep thought, unable to decide about the subject for my next blog post. Eventually the event, ‘CA DAY’, struck my mind. I had a feeling that our institute, The Institute of Chartered Accountants of India (ICAI) could be the savior.  I was about to write on famous CA personalities. But since all … Continue reading “CA DAY” Special: Intresting facts about ICAI

Digital Gold in Digital India

Digital Gold in Digital India

On last “Akshya Tritia”, Paytm launched a platform in partnership with MMTC-PAMP where you can buy and sell “24 karat” gold digitally. You might think you are buying this digital gold from Paytm. But the truth is the seller of this digital gold is MMTC-PAMP India whereas Paytm is just acting as a mediator between you … Continue reading Digital Gold in Digital India

Cascading Effect under Current Tax Regime v/s GST

Cascading Effect under Current Tax Regime v/s GST

Cascading Effect of Taxation Cascading effect of taxation is one of the major problems in the current indirect-taxation regime. It can be simply understood as tax-on-tax. One of the primary goals of any taxation regime is to avoid “taxation over taxes”. Tax-on-tax inflates the price of the goods or services, the burden of which is … Continue reading Cascading Effect under Current Tax Regime v/s GST

What is GST? & How does it work?

What is GST? & How does it work?

A. What is GST? Goods and Service Tax (GST) is a destination based tax which will be implemented from 1st July, 2017. It is one indirect tax for the whole of India which will make it one unified common market. It is levied at the time of consumption of goods or services by the ultimate consumer. After … Continue reading What is GST? & How does it work?