CONSULTEASE.COM | CA Alok Jain | Activity https://old.consultease.com/consultants/alokjain/activity/ Activity feed for CA Alok Jain. Fri, 03 Jul 2026 05:59:37 +0000 https://buddypress.org/?v=2.6.1.1 en-US 30 hourly 2 3c57749d7b41a412d2f245c586032557 CA Alok Jain wrote a new post, The Major Changes In The New Model GST Law http://consultease.com/?p=2079 Mon, 28 Nov 2016 02:36:01 +0000 New Model GST law is on public domain now. Here I have compiled the major changes in the proposed draft.
1) Exclusion Of Securities- Government has now specifically excluded securities from the definition of […]

]]> 0 f57e60b78cfc354c999a4d8379fe0d53 CA Alok Jain wrote a new post, Agenda for third meeting of GST council and why it is crucial http://consultease.com/?p=1643 Tue, 18 Oct 2016 07:26:10 +0000 As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today-
As the crucial three-day meeting of the GST Council, comprising state finance ministers, starts Today, here […]

]]> 0 447f107695b1737a426bfb5d81997d56 CA Alok Jain wrote a new post, Outcome of Second Meeting of GST Council on 30th Sept 2016 http://consultease.com/?p=1439 Sat, 01 Oct 2016 04:37:53 +0000 GST council finalized rules for registration, rules for payments, returns, refunds and invoices. With this as many as six issues have been settled by the council, that has representatives of all the states, in two […]

]]> 0 6e5a2cbc9dcbf2b13c5f1636ee252442 CA Alok Jain wrote a new post, TDS Provision as Per Section 37 Under GST Model Law/GST Act 2016 http://consultease.com/?p=1355 Sat, 24 Sep 2016 06:32:31 +0000 1) Following Persons required to Deduct TDS @ 1% from the Payment made or Credited to the Supplier of Goods or Services-
a) A department or establishment of the Central or State Government,
b) Local […]

]]> 0 a32ae7971cc43fae37960304709d601d CA Alok Jain wrote a new post, Government ended 92 Year old Practice by merging the Railway Budget with General Budget http://consultease.com/?p=1326 Thu, 22 Sep 2016 04:28:06 +0000 Government ended 92 Year old Practice by merging the Railway Budget with General Budget. It also in Principle Decided to advance the presentation of Union Budget from Last Day of February to the first week of […]

]]> 0 26cef6485d83210af746554ee0cd0006 CA Alok Jain wrote a new post, Important Points relating to Tax Invoice as Per Section 23 of the Model GST Law http://consultease.com/?p=1323 Wed, 21 Sep 2016 04:47:58 +0000 1) At present, invoices or bills of sale etc. can be issued inclusive of tax in certain cases, whereas it is mandatory to indicate the tax charged in the GST regime.

2) Revised invoice shall be raised by the […]

]]> 0 d720a95dd6f66f78daccbd5a0f27fb4f CA Alok Jain wrote a new post, Good Example showing how to Claim Input Tax Credit under GST http://consultease.com/?p=1294 Mon, 19 Sep 2016 11:41:09 +0000 X Ltd supplies manufactured goods to Y Ltd for Rs 5000 in April 2017; CGST thereon is, say, Rs 500 assuming Tax Rate 10%. Unfortunately X Ltd did not furnish these details in its outward supply to Y Ltd.

While […]

]]> 0 beb46235aa9631d7dc8983c3a91a2918 CA Alok Jain wrote a new post, Important Point Related To Debit Note or Credit Note as Per Section 24 of the Model GST Law http://consultease.com/?p=1288 Fri, 16 Sep 2016 12:45:43 +0000 Important Point Related To Debit Note or Credit Note as Per Section 24 of the Model GST Law
1) Tax Charged/ Taxable Value > or

]]> 0 da1908d8ca5b21b5d1f3f255c17334c0 CA Alok Jain wrote a new post, Provision Related to Job Work U/S 43A of Model GST Law http://consultease.com/?p=1265 Wed, 14 Sep 2016 16:55:32 +0000 1) Registered Taxable Person Can send taxable goods to Job Worker without Payment of Tax, provided a permission is taken In advance from the Commissioner.

2) One Job Worker can further send the good to another […]

]]> 0 5cc0b9eab75bfa85440205dd37450fe1 CA Alok Jain wrote a new post, What is Supply as Per Section 3 of Model GST Law http://consultease.com/?p=1248 Mon, 12 Sep 2016 08:55:24 +0000 1) General Meaning-
(ST-BEL-RLD)
Sale, Transfer, Barter, Exchange, Licence, Rental, Lease, Disposal
A) Supplies Should be made by supplier who is engaged in Business (Defined U/S 2(17))
B) Should Involve […]

]]> 0 93a28d91501ff5067ba8065412049355 CA Alok Jain wrote a new post, Steps by Center and states for implementation of GST http://consultease.com/?p=1237 Thu, 08 Sep 2016 04:09:51 +0000 For the implementation of GST in the country the Central and State Governments have jointly registered Goods and Services Tax Network (GSTN) as a not-for-profit, non-Government Company to provide shared IT […]

]]> 0 d540f76b099e429ca2e2a4493c90cfaa CA Alok Jain wrote a new post, How GST will Help the Poor Population In India http://consultease.com/?p=1231 Tue, 06 Sep 2016 11:27:17 +0000 Most of the poor states are those which are not industrialized. The examples are UP, Bihar, West Bengal, MP, Rajasthan etc. These states are only the consumers of goods and services rather than the […]

]]> 0 6750a611684d03be5b407c6811498142 CA Alok Jain wrote a new post, In Case of Import IGST to be Charged at What Value? http://consultease.com/?p=1202 Mon, 05 Sep 2016 04:54:41 +0000 As per the Model GST Law, the GST should be payable on the transaction value of imported goods plus any duties/ taxes, etc, levied under any statute other than the GST laws. This should mean that while paying IGST […]

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