Know your rights as an assessee after your income tax return is processed. Learn about the different remedies available in case of grievances with the assessing officer.
1. Earlier supplier of goods and services were not allowed to opt for composition scheme but now they can apply if the value of supply of service does not exceed – higher of the amount-10% of the state turnover in the previous financial year and Rs. 500000. 2. Input Tax Credit in relation to Passenger […]
The CBIC has issued Notifications related to recommendations made during 31st Meeting of the GST Council. 1. Order No. 2/2018: The due date for availing ITC on the invoices or debit notes relating to such invoices issued during the FY 2017-18 extended till 31st March, 2019. 2. Order No. 3/2018: The due date for furnishing […]
GST being a Destination based tax regime, will benefit the Destination state or in bare act terms we can say the state having place of supply. The four major issues in the earlier tax regime became the four pillar of the GST tax regime which were- Multiple taxes, multiple procedures, cascading effect & double taxation.
