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GST Liability on Capital Goods Sale: Section 18(6) vs. Rules 40(2) & 44(6)

May 9, 2024 14541 Views 0 comment Print

Explore Section 18(6) of CGST Act regarding GST reversal on capital goods sale. Analysis of Rule 40(2) vs. Rule 44(6) methods & reflection in GSTR forms explained.

Input Tax Credit (ITC) on Motor Vehicles under GST: A Detailed Analysis

April 22, 2024 117387 Views 0 comment Print

Learn about Input Tax Credit (ITC) on motor vehicles under GST regime, including eligibility, exceptions, renting guidelines, and crucial points for businesses.

Differentiating TDS on Rent: Section 194IB vs. 195 of Income Tax Act, 1961

April 10, 2024 5583 Views 0 comment Print

Understand TDS on rent with this guide. Learn about Section 194IB & 195 of the Income Tax Act, their differences, rates, and compliance requirements.

Simplifying GST on Hotel, Restaurant & Outdoor Catering Services

April 6, 2024 21357 Views 0 comment Print

Navigate the complexities of GST for hotels, restaurants, and catering services with this comprehensive guide. Learn about applicable rates, Input Tax Credit, and benefits of the Composition Scheme.

GST on Corporate Guarantees: A Comprehensive Guide

March 21, 2024 10989 Views 2 comments Print

Explore the comprehensive guide on GST implications for corporate guarantees in India, including taxability, valuation methods, exemptions, and recent amendments.

Streamlining Audits: ICAI’s Centralized NOC Policy and its Benefits for Incoming CAs

March 9, 2024 5445 Views 0 comment Print

Learn about ICAI’s Centralized NOC Policy and its benefits for Chartered Accountants (CAs). Streamlining audits for efficiency and transparency.

Buying a Property? Hold Up! Let’s Talk TDS on Seller’s Residency

February 24, 2024 1533 Views 0 comment Print

Before buying property in India, understand TDS implications based on sellers residency. Navigate TDS rules smoothly with our comprehensive guide. Learn more

Tax Laws for YouTubers and Streamers in India: A Guide

February 20, 2024 3576 Views 0 comment Print

Discover how Indian tax laws apply to YouTubers, streamers, and social media influencers, including income tax, GST, and deductions.

PMFME Loan: A Boon for Micro Food Processing Enterprises

February 20, 2024 1164 Views 0 comment Print

Dive into the PMFME Loan scheme, a game-changer for micro food processing in India. Explore loan details, eligibility, subsidy benefits, and application process.

Tax Time Made Easy: Mastering Section 43B(h) with a Friendly Q&A & Year-Specific Dates

February 15, 2024 1350 Views 0 comment Print

Unlock the power of Section 43B(h) in the Indian Income Tax Act. Learn how timely payments impact your business, boost cash flow, and gain negotiating leverage. Guide for 2024

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