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Jasmeet Mokha

Latest Posts by Jasmeet Mokha

Taxing Time for our Economy – Finance Minister

February 24, 2020 972 Views 0 comment Print

If many people don’t pay taxes or find ways of paying no tax, those who pay honestly will bear the burden. I want to introspect every Indian – do you accept this? The Premier’s appeal is a result of India’s slowing tax collections, “said Narendra Modi at the beginning of last month. India has, partly […]

Impact of budget 2020 on charitable trust/Institutions

February 23, 2020 6429 Views 1 comment Print

While a trust is registered under Section 12AA, the registration referred to therein shall be inoperative from the date of approval of the trustor organization pursuant to Section 10(23C) or Section 10(46) or from the date of entry into force of this proviso, i.e. 01/06/20020 as previously stated. New Article 12A(1)(ac) was introduced provided that, […]

What will be the GST TAX rate on supply of Lottery Tickets?

February 22, 2020 8538 Views 1 comment Print

Explanation of Notification No. 01/2020 Dt. 21.02.2020 of Central Tax (Rate). Such Notification is Deal with GST Rate on Supply of Lottery. Lottery Tickets:- ‘Lottery Tickets ‘ is an actionable ticket and is graded under GST as ‘ Goods. ‘ According to Schedule III, however, Actionable Payment does not include any delivery of goods or […]

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