"CS Shambhu Nath Dhuria is a Company Secretary in Practice. He is dealing in GST, Income Tax and TDS matters."
Taxability of Goods and Services Purchased by State/Central Examination Boards Under CGST/SGST Act, 2017 Query:- Whether State/Central Examination Boards are liable to pay GST on purchase of various goods and services from different vendors and if yes, whether Input Tax Credit shall be available? Analysis & Advise To answer this query we need to know […]
In GST it is very important to identify place of supply of goods and services so that appropriate type of GST (IGST/CGST/SGST) can be imposed. There may be various kinds of place of supply of goods and services i.e. Intrastate Supply, Interstate supply, Export and Import etc.
INTRODUCTION From the beginning of GST Act, 2017 tax payers are facing one of the major problems while generating online challan for deposit of GST amount. The problem is writing the GST amount in wrong major head or minor head. For example a tax payer needs to deposit Rs. 2 lakh for IGST-Tax and Rs.250.00 […]
Finance Act, 2020 has introduced optional based filing for individual and HUF whereby these type of assesses have to choose option amongst new and old tax slab rates at the time of filing of ITR. This type of filing is unique in case of Indian Taxation System till date. This type of filing has created […]
Central Board of Indirect Taxes and Customs (CBIC) which is the apex body for the management of indirect taxation in India has brought certain changes in GST rules vide Notification No. 49/2019 – Central Tax dated 09th October 2019. Among others, it has amended the rule no.36 of CGST Rule, 2017 by inserting new sub […]
Intimation for voluntary Payment of Tax, Interest and Penalty (Form No. DRC-3) DRC-3 is an online form which is required to file by taxpayers to intimate payment of Tax, interest and penalty voluntary. Mistake is common and natural for all who execute work and takes decisions. Under GST law statue has provided to disclose mistake […]
A. Background of ITC. Input Tax Credit (ITC) or Purchase Tax is one of the most important aspects in any value added tax structure. This ensures that tax is paid on value addition only, at each stage from production to final consumer. Following are the two major advantages of ITC:- 1. Less tax burden on […]
