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 […]
Specific Audit Requirement W.r.t to Section 143(3)(d) of companies Act 2013 read with rules 11(8) of Companies (Audit and Auditors) Amendment Rules, 2017 Audit Procedure W.r.t specific reporting u/s 143(3) over financial statements . Obtain the following information during the Audit engagement performance 1. Closing Cash in hand As on 8.11.2016 2. Denomination wise cash […]
Principles for determining when a sale or purchase of goods taken place in case of in the course of inter-state trade or commerce, the parliament has enacted sections 7 and 10 of the IGST Act, 2017 in order to formulate the principles for determining the place of supply, and when a supply of goods takes place in the course of inter-State trade or commerce.
In case of intra- state supply of goods SGST and CGST is collected and the SGST goes to the coffer of State Government and the CGST goes to the coffer of Central Government. Whereas in case of inter-state supply of goods or services or both the tax is collected by centre and by state in which the location of supplier is located.
Goods and Services Tax (Laws, concepts & Impact Analysis for Traders and Service Providers) – with CD Authors Dr. Sanjiv Agarwal and CA Sanjeev Malhotra Publication August, 2017 Publishers Bloomsbury, India Price Rs. 1995/- Pages __________ Yet another classic work from Dr. Sanjiv Agarwal and CA Sanjeev Malhotra analyzing the GST provisions in a […]
Eligibility to export under LUT-Any registered person who has received a minimum foreign inward remittance of 10% of export T/o in the preceding F Yr. is eligible for availing the facility of LUT provided that the amount received as foreign inward remittance is not less than Rs. 1 crore.
Shivaji Sarkar The radio and television are change agents for India. The radio when started in late 1920s was a surprise. Its access, broadcast and listening, was limited but still it made waves. It won the hearts as Calcutta (Kolkata) Radio station broadcast an early dawn music programme of Mahishasurmardini, chanting of the Devisapatshati on […]
The role of Statistics in formulation, monitoring and evaluation of developmental policies needs no emphasis. Statistics is also required for improving transparency and accountability in the implementation of policies through better understanding and control on delivery of public services.
