Articles

TDS Mechanism Under GST- What you should Know

Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It is one of the modes/methods to collect tax, under which, certain percentage of amount is deducted by a recipient at the time of making payment to the supplier....

Read More

GST Refunds- What you should Know

The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the GST regime, there will be a standardised form for making any claim for refunds. The claim and sanctioning procedure will be completely online and time bound, which is a marked departure fro...

Read More

Accounts and records in GST- What you should Know

Assessment in GST is mainly focused on self- assessment by the taxpayers themselves. Every taxpayer is required to self-assess the taxes payable and furnish a return for each tax period i.e. the period for which return is required to be filed. The compliance verification is done by the department through scrutiny of returns, audit and/or ...

Read More

GST TCS Mechanism – What you should Know

Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax which is deducted when the recipient of goods or services makes some payments under a contract etc. while TCS refers to the tax which is collected by the electronic commerce operator when a supplier supplies some goods or...

Read More

GST Recovery of Tax- What you should Know

Tax administration occasionally comes across situations where the tax dues are not paid correctly by the tax payers, most of the times inadvertently and sometimes deliberately. To minimise the inadvertent short payment of taxes, the concept of Matching details of Outward supplies of supplier with the details of Inward supplies...

Read More

GST Practitioners -What you Must Know

Section 48 of the CGST Act provides for the authorisation of an eligible person to act as approved GST practitioner. A registered person may authorise an approved GST practitioner to furnish information, on his behalf, to the government. The manner of approval of goods and services tax practitioners, their eligibility conditions, duties a...

Read More

Meaning and Scope of Supply Under GST- What you Must Know

The taxable event in GST is supply of goods or services or both. Various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc. have been done away with in favour of just one event i.e. supply....

Read More

Transition Provisions under GST- What you Must Know

GST is a significant reform in the field of indirect taxes in our country. Multiple taxes lev-ied and collected by the Centre and States would be replaced by one tax called Goods and Services Tax (GST). GST is a multi-stage value added tax on consumption of goods or ser-vices or both....

Read More

Benefits of LLP

It is very easy to form LLP, as the process is very simple as compared to Companies and does not involve much formality. Moreover, in terms of cost the minimum fees of incorporation is as low as Rs 800 and maximum is Rs 5600....

Read More

Goods & Services Tax: E-Waybill

On generation of E-Waybill, an unique number will be issued and it will made available to supplier, recipient and transporter. Further, the validity of E-Waybill depends on the distance of movement of goods like for 0 to 100 KM distance, a generated E-Waybill will be valid for 1 day etc....

Read More
Page 2 of 1,32412345...102030...Last »

Browse All Categories

CA, CS, CMA (3,401)
Company Law (3,300)
Custom Duty (6,465)
DGFT (3,371)
Excise Duty (4,011)
Fema / RBI (3,191)
Finance (3,348)
Income Tax (24,682)
SEBI (2,686)
Service Tax (3,273)