It can't be neglected that GST experts have so far looked to amend the laws and arrangements under the Goods and Service Tax in order to streamline the instruments of GST registration and GST return filing. No big surprise, they have possessed the capacity to make them more opportune to the exchange and trade of India. The administration is anyway enthused about making the situation absolutely dependable and advantageous for the taxpayers and also the experts by visit alterations in the GST arrangements.  In an offer to make the GST administration substantially more consumer-accommodating, the legislature has chosen to adjust the directions of the GST law as respects demanding of GST on the free supply of goods under FMCG class.  The GST committee has chosen to expel GST obligation from the free gifts in FMCG retail division.  #1. Which sort of free supplies are to be exempted from GST?  The GST Council has as of late advised on its planned choices that will be executed in its inevitable gathering. It has been uncovered that the chamber is before long to excluded the free supply of goods from the GST exact. Such classes of goods fill in as standard advertising methodologies in the Fast Moving Consumer Goods (FMCG) retail division, include: Purchase 1 Get 1 FREE! Things Free samples (Extra) amounts of goods Prizes for Free   #2. Why has the GST Council chosen to expel GST risk from the complimentary gifts?  As a measure to give facilitate alleviation to the consumers on the buy of the FMCGs, the Council has chosen to expel GST obligation.  Importantly, the free supplies had turned out to be liable to GST collect post roll out of GST a year ago. Without a doubt, this has put load on the pocket of a normal consumer.  In addition, the dealers secured underGST registrationmade a point that complimentary gifts accused of GST never again free for consumers, and this stops the producers to run such plans.  Along these lines, the GST experts have now chosen to expel GST tax from the complimentary gifts.  #3. By what method will the choice to expel GST tax from the complimentary gifts be actualized?  The Law Review Committee under GST has as of late presented an answer to the GST Council. It has expressed that the thought paid on the complimentary gift supplies must be accused of GST yet the input credit must not be denied on such free goods. This suggests the cost paid by the consumer must incorporate GST on complimentary gifts also, however such goods must not be denied ITC.  #4. What does this mean?  This obviously suggests the input tax paid on the two things in a plan will be set off against last GST. the dealer should demonstrate the input tax paid on the two things while their GST return filing technique.  #5. For what reason is the input credit to be benefited on complimentary gifts?  As per the GST specialists, the complimentary gifts must not be denied the input tax credit. For whatever length of time that the appropriation of free goods is from a business point of view, it must be noticed that cost of such goods is as of now figured in the MRP of that thing on which GST has been paid as of now.  Thus, input credit must not be denied on the complimentary gifts. ...read more

It's without question that the unveiling of the ISO 45001 is undoubtedly a leap forward in the ambit of worldwide quality institutionalization. With the starting of first-historically speaking ISO certification on occupational health and safety, the worldwide accreditation expert ISO has to be sure included another arrow in its quiver to guarantee health and safety in the working environment. Critically, there is the plentiful extent of headway for the Indian aggregates in the field of work-safety administration. There are as yet a great many foundations in India, where the working conditions are woeful. These account for a determined episode of illnesses and various mishaps that happen in work environments. There has been a long trail of work environment setbacks in our nation. To refer to a few, we have the Chasnala coal-mine calamity of 1975, a zenith of the carelessness of IISCO fat cats that brought about death of 372 miners, and the most notorious instance of incompetence by the directors of Union Carbide what is known as Bhopal gas-release episode of 1984, that brought about more than 8 thousand passings. The requirement for an ISO certification in India for health and safety can be seen from the very reality that out of the 2.78 million overall death at work environments consistently, over 48,000 happen in India itself. The hugeness of ISO 45001 is hence evident. Indeed, it is this benchmark that actualizes the value of the quality administration standard, i.e.Clearly, healthy and safe working conditions yield better item quality and thus, consumer loyalty. Presently, it merits knowing with respect to how one can guarantee ideal and safe working conditions at his undertaking. Given below are top 5 features of acing the investigation of occupational health and safety: #1. At the point when to Identify the dangers? This is maybe, the initial move towards guaranteeing work safety. As to ensure that the whole store network is secured, associations need to track the predictable dangers that exist in any undertaking. Over that, it's similarly important to address them opportune and enough. Endeavors must be made to reduce the likelihood of any kind of inconvenience over the span of a task. #2. Who ought to expect the responsibility of dangers? So as to alleviate the likelihood of hazards in future, it is critical to assume the liability of the considerable number of harms, in the event that they happen. The absence of mindfulness and obligation from the administration end is the shared factor in all the work environment dangers. Guaranteeing ideal physical and mental conditions at association is a fundamental angle at all levels of administration. #3. What is part of the high-level administration? Individuals at the top echelons of the organization progression have a basic part to play. Negligible recognizable proof of dangers isn't adequate. They should exhibit in their activities, their capacity of decision out every one of the dangers at task by execution of the remedial measures. #4. How to comprehend the store network? This is one of the key targets of ISO certification process. Careful consideration and acing of the whole production network is maybe, one of the criteria forISO 9001 certification. In such manner, the ISO 45001 guides its clients to deliberately distinguish the necessities and imperfections existing in a store network and guaranteeing that all assets and procedures are QC tried. #5. What is part of correspondence? Most likely, correspondence is the way to get rid of all the occupational dangers and proficient asset and process administration. Effectiveness of correspondence is fundamental at all levels of administration and also between different progressive echelons. Thinking about these techniques, one can without much of a stretch ace the finish of occupational health and safety as to accomplish ISO certification 45001. ...read more

Jigar Shah & Associates is a Ahmedabad (Gujarat) based Chartered Accountancy firm established in 2005. The firm is headed by CA. JIGAR SHAH, a Fellow Chartered Accountant. He is a fellow member of the Institute of Chartered Accountants of India since 1994 and has an experience of around 18 years in almost every field of the accounting profession. He has expertise in statutory audits under the Companies Act, 1956, Income Tax Act, 1961 and other allied laws. He has experience of handling statutory branch audits of nationalized banks and statutory central audit of Co-operative banks. He has expertise in handling internal audit of companies, Banks and financial institutions. He is also having expertise in handling direct and indirect taxes including therein Income Tax, Service Tax, and Professional Tax of various clients of our firm. He has handled statutory branch audits of Nationalized Bank and concurrent audits of Various Nationalized Bank of India. He has also handled work of preparation of project report for Companies & Firms. JIGAR SHAH & ASSOCIATES Chartered Accountants   Office: 309, Asiaticby QS"> TradeCentre, Above State Bank of India, Navrangpura Jain Derasar Road, Ahmedabad – 380009.   Phone No. :  +91-79-26424710, 66054999 Mob No. :      +91-9898267537 Email Id. : jigarshahca@gmail.com ...read more