Extension in due date of filing GSTR-3B and GSTR-1 The whole world is affected with pandemic disease COVID-19 reporting number of causalities. The government of India has come up with lockdown to break the chain of this virus. But, it has adversely affected the Indian economy due to shutdown of business activities. Thus, GST department […]
Brief: As all we aware that audit is tool in itself which ensures compliance of provisions of law in term of discharge of entire tax liability, not claiming ineligible input tax credit, proper valuation of supplies of goods or services or both etc. Now the first financial year in the era of GST has been […]
Brief: In general practice, number of reimbursement of expenses are taken place along with the consideration for the supply of Goods, Services or both. Now the question may arise whether such reimbursement of expenditure would be chargeable to tax or not? Answer to such question is conditional i.e. where such expenditure is incurred as a […]
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