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Special Audit Under Goods & Services Tax (GST)

November 20, 2018 4446 Views 0 comment Print

Introduction to GST Audit GST is a trust-based taxation regime wherein the assessee is required to self-assess his returns and determine tax liability without any intervention by the tax official. Therefore a tax regime that relies on self-assessment has to put in place a robust audit mechanism to measure and ensure compliance of the provisions […]

Leave Encashment – Exemption and Tax liability

November 20, 2018 211881 Views 26 comments Print

Some time the employees can not avail all these earned leaves which were allowed to him. He may encash these leaves and earn salary for the number of days which were allowed to be taken as leaves. The number of leaves allowed to be taken and the leave encashment varies from employer to employer policies.

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