CA Deepak Bharti
13 articles written by CA Deepak Bharti on ConsultEase.
Time of Supply of Goods & Services
A detailed analysis of Section 12 for time of supply in GST As per Section 12 (1) of Model GST law the liability to pay CGST / SGST on the goods or services shall arise at the time of supply . The time of supply shall
supply: Meaning and scope in GST
Supply : the taxable event in GST Determination of the taxable event in any tax law is of utmost significance as the levy of tax is based on occurrence of that event. In the Model GST Law, a uniform and single taxable event ‘supply’ would
Levy of, and Exemption from, GST
There shall be levied a tax called the Central/State Goods and Services Tax (CGST/SGST) on all intra-State supplies of goods and/or services on the value determined under section 15 and at such rates as may be notified by the Central/State Government in this behalf, but not exceeding
UAE – VAT (VALUE ADDED TAX)
UAE – VAT (VALUE ADDED TAX) The word tax has not been specifically defined under any Law. However, it simply means compulsory extortion of money by any Government within Constitutional power of the Country. Imposition of tax is necessary for States to collect money for
How to operate Business in UAE
How to operate Business in UAE Your type of business in will determine the kind of license you require to operate Business in UAE. Whether it’s commercial, professional or industrial licenses, these will define the basis of your operations. However, while selecting, remember that certain
UAE VAT- Important Definitions and Meaning
UAE VAT- Important Definitions and Meaning In the application of the provisions of this Decree-Law, the following words and expressions shall have the meanings assigned against each unless the context otherwise requires: VAT (Value Added Tax) VAT means a tax which is imposed on the
Benami Transaction (Prohibition) Act, 1988
Benami Transaction (Prohibition) Act, 1988 History of Benami Transactions Benami is a Persian term which essentially means something “without a name”. However, in the present context, it means proxy. So, a benami property is a property bought by the original owner using a proxy. This
Introduction of VAT in UAE
Introduction of VAT in UAE GCC i.e. Gulf Cooperation Council is a political and economic alliance of six middle eastern countries- Saudi Arabia, Kuwait, UAE, Qatar, Bahrain and Oman. The GCC was established in Saudi Arabia in May 1981. The objective of the GCC is
Date and Place of Supply under UAE VAT
Date and Place of Supply under UAE VAT The tax which has been levied and needs to be assessed, will require a specific date to be established for the transaction for taxpayer and tax administration to carry out the quantification. This article provides for the
Input Credit and Tax Payments under UAE VAT
Input Credit and Tax Payments under UAE VAT VAT in UAE is a general consumption tax which will be levied on the majority of transactions of goods and services unless specifically exempted by the Law. Under this, VAT is charged at every stage of ‘Value
Valuation of Supplies, Job Work and Transition under UAE VAT
Valuation of Supplies, Job Work and Transitional Provisions under UAE VAT Valuation of Supplies under UAE VAT Being a completely new form of indirect taxation there are many questions in the minds of the organizations. One of the most important questions is what is valuation
Registration under UAE VAT
Registration under UAE VAT Registration under UAE VAT law means that a business is acknowledged by the government, as a supplier of Goods and Services and is authorized to collect VAT from customers and remit the same to the government. Only VAT registered businesses will be