Explore the disallowance of Input Tax Credit in GSTR-3B due to invoices not in GSTR-2A. Understand circulars 183 and 193, legal cases, and the impact on taxpayers.
Understand the GST implications on dermatology services. While clinical procedures fall under the exemption, cosmetic/aesthetic procedures and the sale of medicines are taxable. Learn about the threshold for GST registration and the considerations for dermatologists providing both clinical and aesthetic services.
Discover the pros and cons of Limited Liability Partnerships (LLP) compared to Private Limited Companies. Learn about tax advantages, compliance differences, and the unique features of each business structure.
Unlock the complexities of Goods Movement and E-way Bill Generation. Understand E-way bill models, who can raise it, documentation requirements, and ITC claiming. Navigate scenarios like direct delivery from Manufacturer A to D, choosing between Bill to Ship to or Bill from and Dispatch from models, and the necessary documents for GST compliance. Explore the intricacies of E-way bill generation, its purpose, and the documentation needed for seamless goods movement. Clarify your doubts and optimize your understanding of E-way bills and GST compliance.
Understand how Section 194R impacts benefits and perquisites. Learn about the new TDS requirements from the Govt starting July 2022.
A new section 194Q is proposed to be introduced effective from 1st July 2021 towards TDS on purchase of Goods. Background: As per the estimation, it is said that only 5% of the Indian population files Income Tax returns and out of which only 1% pays tax. Government has been trying relentlessly to plug the […]
E Commerce is the buzz word in today’s world. Sale and purchase of goods and availing services has gone on digital platform. The world is shrinking as the E commerce platforms are growing. Being a new business model, the compliance and taxation under E commerce is multiple and complex. Definition of E commerce and E […]
Corporate Social Responsibility literally means the responsibility of Corporates towards Society. Its an opportunity for big corporates to do their part to the society either voluntarily or through the compulsion under CSR. Section 135(1) of the Companies Act 2013, deals with the CSR provisions and constitution of CSR committee. Here we would be discussing the […]
The Government is taking many steps to boost economy and increase employments, to decrease the impact of Covid-19 on economy. One such step is Atmanirbhar Bharat Rozgar Yojana. Under this scheme Govt will provide subsidy towards Provident Fund Contribution for adding new employees to establishment registered with EPFO (Employees’ Provident Fund Organisation) Eligibility: 1. The […]
Revocation of GST registration Cancellation by 30th September 2020 We have seen many registrations being cancelled due to returns not being filed beyond 6 months by the tax payer. Cancellation of GST registration Suo motu by officer as per Section 29(2) of CGST Act 2017 are 1. A person paying tax under Composition levy has […]
