Excise Duty : Ethanol (primarily a by product from sugarcane and residue of rice and wheat) is mixed with Petrol in the range of 5% to 10% as of...
Income Tax : All of us in our day to day life are incurring medical expenses either for ourself or for the dependent family members like spouse...
Goods and Services Tax : We know that GST has been implemented in India w.e.f 01.07.2017. In GST various types of returns are required to be filed. These r...
Goods and Services Tax : Section 51 CGST (Central Goods and Services Tax) Act 2017, provides that, A department or establishment of Central Govt or State G...
Goods and Services Tax : We know that GST audit u/s 35(5) of CGST Act 2017 is applicable for all registered dealer with turnover of > Rs 2 Crore. However b...
Goods and Services Tax : WCT certificate need to be issued as per the requirement of respective state VAT Act. In the state of west Bengal WCT certificate ...
We know that investment in residential property or Flats is one of the common investment avenue for individuals. Here we are trying to summarise the tax implication on sale of residential property and tax planning to save tax on the Capital Gain arising on the sale of such property.
WCT certificate need to be issued as per the requirement of respective state VAT Act. In the state of west Bengal WCT certificate need to be issued on monthly basis as per rule 47 of West Bengal VAT Rules 2005. We have prepared a Marco in excel which makes the task of preparing WCT certificate in form 18 much easier. Generally it takes around 5-8 minutes to prepare one certificate and need a lot of concentration to avoid any error.
