CBEC releases note on Advance ruling mechanism , Composite Supply and Mixed , Job Work Under GST, Recovery of Tax, Returns, Import-GST system, Accounts and Records in GST, GST tax refund , Registration , TDS mechanism , Benefits of GST in Hindi.
Psychology plays a part in whatever decision we make, including investment in stocks. Sometime our built in psychology is helpful and many a times it is not. When psychology is not helpful we call them psychology traps. Investment in stocks is also guided by few psychology traps which influences us in making bad investment choices and lose money.
The Gems and Jewellery sector plays a significant role in the Indian economy, contributing around 6-7 per cent of the country’s GDP. The consumption of gold in India is around 20 percent of global consumption, one of the largest consumer. Moreover, India exports 95 per cent of the world’s diamonds.
We begin our each day with hope for bright future for self and family. We leave our homes for our jobs and other errands not knowing what situations can come up. Certain personal and social situations may or may not affect our families. But few bad financial situations affect us and our families severely.
Pursuant to implementation of IndAS, the Companies (Cost Records and Audit) Rules, 2014 are to be amended to bring parity between financial records and cost records. Accordingly, the Draft Companies (Cost Records and Audit) Amendment Rules, 2017 have been placed on the Ministry’s website www.mca.gov.in for suggestions/ comments.
1. Material Costs-(a) Proper records shall be maintained showing separately all receipts, issues and balances both in quantities and cost of each item of raw material required for the production of goods or rendering of services under reference.
TDS is to be deducted from payments made to a supplier of any taxable goods or services or both If the total contract of such supply exceeds Rs. 2.5 lac.
Rental income from residential property has been exempt from GST but earning over Rs 20 lakh annually from renting or leasing for commercial purposes would attract the levy, so house property is let-out for shop or office or for commercial purposes, no GST will be levied up to Rs 20 lakh. The taxpayer earning more than the exempted threshold will have to register with the GST Network and pay taxes.
Google has introduced revolutionary technology called ‘Google AdSense’. The said technology can be broadly classified in two types. One is ‘AdSense for Search’, where the said technology is designed to enable website publishers who want to display targeted text, video or image advertisements on their website pages and earn money when site visitors view or click the ads.
PLACE OF SUPPLY OF GOODS: Relevance and Importance of term Place of Supply: As we all knows that the Government has introduce dual concurrent GST with the Centre and States simultaneously levying it on a common tax base. The GST to be levied by the Centre on intra-State supply of goods and / or services […]
