HRBlockIndia, Author at H&R Block| Blog


October 16, 2017

Impact of GST on Domestic Appliances and Electrical Machinery

Domestic appliances such as refrigerator, washing machine, chimney, etc. have become a part and parcel of basic necessity. With the evolving consumer lifestyle domestic appliances have now become a part of our lives. Every household has at least some of these domestic appliances for making […]
October 12, 2017

Impact of Goods and Services Tax on Job Work

Whenever the subject of GST comes up, we often end up discussing the impact of the new tax regime on various sectors of the Indian economy. In this blog, we are going to discuss the impact of GST on ‘Job work.’ This industry is an […]
October 12, 2017

Impact of GST on Road Transport Sector

Even after 3 months since the arrival of GST, there are a lot of apprehensions in the mind of taxpayers. Our Government is quite upbeat about GST; whereas bureaucracy seems to be divided on the success. There has to be initial hurdles as such a […]
October 12, 2017

Impact of GST on Various Segments of Indian Railways

Ministry of Railways successfully embraced GST on 1st July, 2017. The Indian Railway is the national carrier and undertakes billions of transactions annually for transportation of passengers and goods. Therefore, it required a mammoth exercise to modify the ERP system of Indian Railways (IR) for issue […]
October 10, 2017

Impact of GST on Hospitality Industry

It has been a few months since GST has been introduced and is in effect. As GST is an imperturbable tax, the effects of it can be seen across verticals. Many industries have experienced an impact of GST either benefitting it or affecting it negatively. […]
October 9, 2017

Proposal for insertion of new Rule 39A and Form no. 28AA

The CBDT had proposed a draft notification for creating a mechanism for self-reporting of the estimated current income and taxes. The assessees for such reporting are taxpayers, viz companies and people (individuals, firm, etc.) to whom tax audit cases are applicable by voluntary compliance. Additional […]
October 8, 2017

Partial Payout in Equity Units Proposed by EPFO

EPFO (Employees Provident Fund Organisation) subscribers have a reason to be happy. As per a new proposal, you may receive a part of your retirement payout in the form of quasi-MF units that is proportionate to the sum invested in equities. The organisation invests its […]
October 7, 2017

Key Takeaways from GST Council Meeting held on October 6, 2017

More than 3 months have passed since the government rolled out GST in India but its compliance has been a big headache for the taxpayers. To handle these challenges, the GST Council held its 22nd meeting at New Delhi on the 6th of October 2017. […]
October 6, 2017

Impact of GST on Aviation Sector in India

Cross credits for aircraft lease taxes under the GST system will be a great boost for the local service industry.  However, the Government will need to carefully consider the inflationary impact of keeping aircraft fuels outside GST. With increasing liberalisation and focus on infrastructure development, […]
October 5, 2017

Impact of GST on Pharmaceutical Industry

Goods and services tax (GST) has been in place for over a month now. With the passage of time, more aspects of it are becoming clear. One of the questions that have come up is what it means for the affordability of medicines. GST replaces a […]