Discover the comprehensive list of new GST and Income Tax changes effective from October 1, 2023. Get insights into amendments, implications, and more.
Get the latest updates from the 50th GST Council Meeting, including new rules for e-commerce operators, GST registration, physical verification, bank details, and more. Stay informed with the changes effective from October 2023.
This article is presented dealing a comprehensive study on the overall transaction between employer and employee. In generally, transaction arising out of contractual arrangement as per Schedule III are not subject to GST.
Key takeaways from the Budget speech 2022-23 Direct Tax reform Taxation on transfer of virtual digital Asset : > Taxed @30% > No Deduction allowed on any expenditure or allowance except Cost of Acquisition > Loss on transfer is not allowed to be set off any other income. > TDS @1% on payment for transfer […]
Existing provision of ITC Section 16 of the CGST ACT 2017 states that following condition has to be fulfilled for availing of ITC: a) Registered person should have Possession of tax invoice or debit note issued by a registered supplier. b) Registered person has received the goods or services. c) The tax charged has been […]
Quarterly Return and Monthly Payment Scheme (w.e.f. 01.01.2021) The scheme is GSTIN wise. It means that having different GSTIN under Same PAN may opt for the scheme in some GSTIN and not in other. Once opted the scheme has to applied unless the taxpayer revise the said option. Manner of opting the scheme Rule 61A […]
