2 OPTION FOR TAX PLANNING-F.Y.-20-21 -Option-I–Old Regime i.e old tax rates with all investment benefits, allowances -Option-II-New tax regime with new rates without investment benefits ,allowance AGENDA- OPTION I (OLD RATE) What is Tax Planning Tax Planning For Retirement Plans Calculation of Gross Total Income Tax Saving Deduction Allowance Available Calculation of Net Taxable Income […]
Concept of RCM is not new in Indirect Tax regime, it is similar to what was there in service tax, but in GST regime supply of goods is also covered under RCM. There is not any provision of partial RCM under GST, 100% need to be paid by receiver of service or Goods.
Now date of filing of our first GST annual return form GSTR-9 is dt. 30th Jun-2019, this date of filing is extended from 31/03/2019 to 30/06/2019, before that date of filing is 31/12/2018 For F.Y. 2017-18. The ministry of finance recently reminded that the last date to file GST Annual return will continue as June […]
Procedure of Manual filing of Refund under GST regime is mention in circular no. 17/2017 and Notification No. 55/2017 DT. 15/11/2017. Find below summarized procedure and required document for filing refund application in GST-RFD-01-A. Here below procedure is only for those who export goods/services using LUT/Bond, without payment of IGST and having unutilized input credit
All we have made payment of our tax dues under GST regime, and we filed our GSTR 3B, and now we are ready to file our GSTR-1, 2, 3 in coming week and we are eagerly waiting for our refund of taxes paid as ITC. Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business.
RATES UNDER GST-: a. 3 % on all Interstate and Intra state Supply of Goods i.e. Polished Diamond b. 0.25 % on all Interstate and Intra state Supply of Goods i.e. Rough Diamond
