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    JOBWORK Under GST

    OBJECTIVES:

    • Definition
    • Job work Procedure u/s 143 of CGST Act, 2017.
    • Input tax credit as per Section 16 and 19 of the CGST Act, 2017.
    • Other clarifications relating to Job work as per Circular No. 38/12/2017 – Central Tax dated 26th of March 2018.

    This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

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    Income Of Other Persons Included In Assesses Total Income

    Who is an assessee ?

    Extract of sec 2(7)(a)

    Assessee means a person by whom any tax or any other sum of money is payable under this Act, and includes

    • every person in respect of whom any proceeding under this Act has been taken for the assessment of HIS income or
    • of the Income of any other person in respect of which he is assessable
    • or of the loss sustained by him or by such other person or of the amount of refund due to him or to such other person

    This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

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    FCRA – A Bird’s Eye View

    Synopsis

    • Introduction and Applicability
    • Objective
    • Important Definitions
    • Prohibition to accept foreign contribution
    • Non-applicability
    • Registration
    • Grant of certificate, suspension, cancellation and renewal of certificate
    • Maintenance of accounts and Audit of accounts
    • Offences and Penalties
    • Miscellaneous Provisions
    • Reporting in various forms under the Act

     

    Introduction and Applicability

    Name of the Act:

    • This act may be called as “The Foreign Contribution (Regulation) Act, 2010.” It is often referred as “FCRA”.

    Applicability of the Act:

    It is applicable to whole of India and

    It shall also apply to

    • Citizen of India outside India and
    • Foreign associate branches or subsidiaries of companies or bodies corporate registered or incorporated in India.

    This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

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    SBS DIGEST E Journal Jan 2018

    Key Topics Covered:

    • AUDIT
    • INCOME TAX

    Updates

    • FEMA
    • COMPANIES ACT, 2013

    This article is contributed by Partners of SBS and Company LLP – Chartered Accountant Company You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

    SBS WIKI E Journal JAN 2018

    Key Topics Covered:

    1. INTERNTATIONAL TAXATION
    2. INCOME TAX
    3. GST

    This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.

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