Blog – Page 7 – Soatech

Transitional Provisions under GST Law Part3-Input Credit Available for Exempt Services and Goods

By adminSOA August 2, 2024Blog, GSTNo Comments

Background: In India many states do not require VAT registration, if the turnover does not cross certain threshold. For example in Karnataka, there is no need to get VAT registration,…

Transitional Provisions under GST Part4 –Treatment of Return of Goods After GST is Implemented

By adminSOA August 2, 2024Blog, GSTNo Comments

There could be a situation where exempt goods or duty paid goods are returned after GST is implemented. In this situation, question arises what will be treatment of such goods?,…

Does Your Business Really Need Cloud Based Accounting Systems?

By adminSOA August 2, 2024Blog, Finance & accountingNo Comments

The word cloud is in real demand. Everybody is talking about it and infact; you are using cloud based technologies in most parts of your business. As I am writing…

Nine Factors To Consider Before You Decide to Outsource Finance and Accounting Function

By adminSOA August 2, 2024Blog, Finance & accountingNo Comments

Well after lot of deliberation and thought you have finally decided to outsource your finance and accounting function. We are quite sure that cost is not the only factor in…

Equalization Tax Aka Google Tax Could Burn A Hole in Your Pocket?

By adminSOA August 2, 2024Blog, Income Tax, Service TaxNo Comments

With Finance Act 2016, advertising services and goods online will become expensive with introduction of Equalization Levy Tax. The reason for introduction of this levy as lot of multi-national companies…

How to Apply For Service Tax Refund-A Step By Step Process to Get Service Tax Refund

By adminSOA August 2, 2024Blog, Service TaxNo Comments

Before you apply for service tax refund, you should know when you can apply for service tax refund a) When there is excess payment of service tax and which cannot…

Notification No. 48/2016-Service Tax-Online Shopping Set To Become Expensive

By adminSOA August 2, 2024Blog, Service TaxNo Comments

If you have been using services such as: Renting or downloading of movies or music Buying eBooks Availing cloud based services Buying hosting and email services Online gaming From a…

Service Exports from India Scheme-Know How Can Avail Benefit Under It

By adminSOA August 2, 2024Blog, Finance & accountingNo Comments

In order to encourage export of services, Indian government notified Service Exports from India Scheme commonly referred to as SEIS scheme. This is as per Foreign Trade Policy 2015-2020 Some…

Point of Taxation Rules Under Service Tax

By adminSOA August 2, 2024Blog, Service TaxNo Comments

Point of Taxation was introduced in year 2011. Since then there have been numerous amendments. In this post we have tried to analyse the provisions of point of taxation rules…

Additional Benefit for Employing People in 2017 under Income Tax Act 1961

By adminSOA August 2, 2024Blog, Finance & accountingNo Comments

In recent past, government of India in its effort to improve the economy, has been introducing lot of policies and incentives. One of such incentive is giving 30% extra benefit…