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Rahul Grover

Latest Posts by Rahul Grover

Summary Points related to GST on Charitable & Religious Trusts

August 20, 2020 2817 Views 0 comment Print

The provisions related to Charitable and religious trusts under GST has been carried forward from service tax provisions. Notification 12/2017-Central tax (Rate) specified that the exempt services supplied by the Charitable trusts along with some conditions which are explained below: ♣ If the entities is registered under Section 12AA of the Income tax Act, and […]

Summary Points related to GST on Education Institutes

August 20, 2020 2940 Views 0 comment Print

Article 21A of the Indian constitution makes education as fundamental right of all children of the age of 6 to 14 where Govt shall provide free and compulsory education to all such children. Under GST also, the government in order to promote education in our country, gives many exemption to the Educational Institutions. Education Institute means, […]

8 Income Tax Saving Schemes with Good Returns & Tax Benefits

December 26, 2019 19179 Views 0 comment Print

Article discusses Rate of Interest, Limit of Investment and Income Tax Benefit from Investment in 8 Most Popular Tax Saving Instruments in India i.e.  1,2,3 and 5 year Time Deposit, 5 Year National Savings Certificates VIII Issue (NSC), 5 Year Post office Recurring Deposit(RD), 15 year Public Provident Fund (PPF), Post office Saving  Bank Account, […]

Briefing about Restaurant Service under GST Regime

August 18, 2018 29358 Views 3 comments Print

Definition A full service restaurant is defined as a sit down eatery where food is served directly to the customers’ table. These establishments may sell alcoholic beverages; provide takeout, delivery or present live entertainment. The term “full service” can encompass anything from a family-style eatery to an elegant restaurant; from casual dining to fine dining. […]

Assessment and Audit under GST Act

August 9, 2018 11334 Views 0 comment Print

Key Points related to Assessment and Audit under GST (Section 59-66 of CGST Act, 2017 and  Rules 98-102 of CGST Rules, 2017 ): Self Assessment under GST (Section 59)-  Every Registered person shall self-assess the taxes payable on supplied made during tax period and file the return of each tax period as per section 39 […]

Reverse Charge Provisions under GST- Updated till 28.05.2018

May 29, 2018 47454 Views 17 comments Print

Reverse Charge under GST may be defined as the mechanism where the recipient of goods or services is liable to pay GST to the Government for the supply of goods or services or both in the place of supplier of such goods or services.

Specific provisions related to Agent / Pure Agent under GST Act

May 15, 2018 13884 Views 1 comment Print

Specific provisions related to Agent under GST Act: ♣ Definition of Agent: (Section 2(5) of CGST Act) Agent means the person who are engaged in supply of goods or services / recipient of goods or services on the behalf of others that’s say principal of such goods / services. Agent includes broker, commission agent, an […]

Specific GST Provisions applicable to E-Commerce Operators

May 12, 2018 5295 Views 1 comment Print

E-commerce means supply of our goods or services or digital products through E-commerce platform or electronic network. E-commerce operators are the person which provides or facilitates a digital or electronic platform to

Deduction and Allowances Available under Income Tax Act 1961 for expenses

May 9, 2018 23520 Views 0 comment Print

Section wise brief about the deduction and allowances available under Income Tax Act 1961 against expenses incurred by Assesses

Be Aware about Penal Provisions for Offences conduct under GST Act

May 1, 2018 4536 Views 1 comment Print

Key Points related to Offences and Penalities under GST (Section 122-138 of CGST Act): ♠ A taxable person is liable to pay the penalty of Rs. 20,000 (CGST+SGST) or an amount equivalent to tax evaded or short paid or not paid or TDS/TCS not deducted or TDS/TCS deducted but not credited into the government or […]

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