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    SBS Wiki E Journal July 2019

    In this edition, we bring you to quite a few interesting articles.
    The article on ‘Affordable Housing – Income Tax & GST Perspective’ deals with tax incentives under both the taxation laws for a business which is engaged in making the goal of this government true. We have also commented on certain issues from both the taxation laws with respect to affordable housing.

    We also have an article on ‘Gifts, Discounts, Credit & Impact thereof’, wherein one of the issues in GST with respect to the gifts, discounts and impact of credit is detailed. This is based on the recent rulings of AAR and Circulars issued by CBIC on the said subject.

    The next article is on ‘MSME vis-à-vis Internal Audit’, which brings the importance of internal audit for MSMEs and the key challenges faced by Auditor in auditing such auditees.

    The final one is on the new section introduced by Finance (No.2) Bill, 2019 in direct taxation, which deals with deduction of tax by individuals or HUFs when using the services of contractor or professionals. We have also contributed certain FAQs for the benefit of Clients.



    Also, I am excited to share that this month and coming one are significant milestones in our journey. This month marks the completion of 5 years of the ‘SBS Wiki’ and next month marks the completion of 10 years of SBS. I take this as opportunity to thank all the Clients, well-wishers, advisers, Team SBS and other stakeholders who stood by us all the time and also wish that they shower their support in future also. Thanks a ton!

    I hope that you will have good time reading this edition and please do share your feedback. I will also urge clients to mail us topics or issues on which you want us to deliberate in our future editions, so that we can contribute to the same.

    Key Topics:

    GST

    • GIFTS, DISCOUNTS, CREDITS & IMPACT THEREOF

    DIRECT TAX

    • PAYEMNT OF CERTAIN SUMS BY INDIVIDUALS & HUFS

    AUDIT

    • MSME & INTERNAL AUDIT

    INCOME TAX & GST

    • AFFORDABLE HOUSING - INCOME TAX & GST PERSPECTIVE
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