Transportation has very important role in civilization of human beings and the development of a country. Transportation of goods has a vital part in development of a business. Availability of raw material, packing material and plant and machinery from different part of the world and making the finished goods available to the customer in different […]
Micro finance is a source of financial services for entrepreneurs and small businesses, it is a type of Non-Banking Financial Company (NBFC) which is in a business of micro credit finance to individuals and small business.
Article explains point of taxation under GST in case of Supply of Goods, Under Reverse Charge, Change In Rate When Service Provided Before Change In Effective Tax Rate, Change In Rate When Service Provided After Change In Effective Tax Rate but Invoice issued prior to change or received after change or when payment received before […]
This valuation rule relates to valuation of certain specific supplies particularly by taking power from Section 15 of CGST Act, 2017 and in this case the assessee has an option to opt to Rule 6 for valuation or he can resort to normal transaction value, as he deems fit. i.e this rule overrules the other rules and is optional to be opted by the assessee.
The emergence of GST and a switch from service tax and other indirect taxes has led to a great confusion in the country. With the implementation of GST hopefully from 1st July, 2017, service provide are still unable to conclude whether GST will be applicable to them or not.
Today he has got a deadline for a particular assignment. His day is fully packed. First thing in the morning, he receives a mail from his HR Dept stating that today is the last date for producing proofs for tax saving investments; otherwise a huge amount will be deducted from his salary as tax. He wanted to do some tax saving investments urgently and submit the proof on or before end of the day.
Affordable housing story is the most hyped story. RBI defines that, cost of the house cannot exceed Rs. 65 lakhs and 50 lakhs in metros and non-metros respectively. RERA will force consolidation in the sector. Smaller real estate developers will end up collapsing into the arms of bigger builders.
The proviso to section 2(40) of Act, 2013 has been substituted to provide exemption from furnishing cash flow statement by such private companies that are recognized as start-up in accordance with DIPP notification.
कम्पोजीशन स्कीम में जो डीलर्स जाना चाहते है वे निम्नलिखित बातें विशेष और पर ध्यान रखें – -यदि उनके द्वारा किसी एक पेन पर जारी किसी भी रजिस्ट्रेशन सर्टिफिकेट के लिए वे यदि कम्पोजीशन डीलर नहीं हैं तो वे उसी राज्य में या देश में किसी अन्य राज्य में भी में वे कम्पोजीशन स्कीम का लाभ नहीं ले सकते हैं.
In the GST regime, all application for Registration has to be filed on line through the Common portal GSTN. Supporting documents are also scanned and uploaded through the Common Portal. The physical interface between Taxpayer and Tax officials is fully eliminated.
