Niteesh Singh, Author at H&R Block| Blog

Niteesh Singh

November 26, 2017

Due date of July and August 2017 GST Returns – Post GST rollout

Let us have a bird’s eye view for the GST return preparation and due dates for the month of July 2017 and August 2017. There have been widespread concerns over the smooth rollout of GST and there were some glaring concerns from trade and industry. […]
November 7, 2017

Impact of GST on Coal and its Consumers

GST is one of the biggest reforms in India that was implemented from the 1st of July, 2017.  Before the implementation, it was assumed that GST would bring a positive change to the entire country and reduce the corruption by eliminating the rotation of black […]
November 6, 2017

Advantages and Disadvantages of Demonetisation

It has been almost a year since government demonetised 500 and 1,000 rupees notes. It was a major decision which had its impact on all sections of the society. Now, everyone wants to know if it was a masterstroke by the government or a setback […]
October 31, 2017

What Happens if you Pay Wrong GST on Supply?

Under GST, the place of supply determines the tax to be charged on a supply. Based on whether the supply is of goods or services, specific rules have been laid down to determine the place of supply. With GST being implemented on 1st July, 2017, it […]
October 24, 2017

How and When to Register in Different States under GST?

Have you completed your GST registration but still wondering if you need to register in other states? It’s true, you may have to get your business registered in other states as well. If your operations are limited to a single state, then you need to […]
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 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 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. […]
September 7, 2017
Income Tax Scrutiny

How to Deal with Scrutiny Assessment Notice?

Ever received a random scrutiny notice from the Income Tax Department. Notice under section 143(2) commonly known as Scrutiny Assessment Notice can be sent to any taxpayer if the tax department has doubts about the income of individual. Any notice from IT-department can invoke panic […]
August 25, 2017

GST on Services not to be Included in TDS – CBDT Clarifies

The Ministry of Finance had come up with a circular few years back in 2014, clarifying the amount, on which to calculate the TDS, to be deducted on payments made to residents. Generally, when service tax component is added to the bill / invoice as […]