This Article discusses, sources of revenue, its significance, methods of collection and its applications, as stated in the ancient Indian texts like Manu Smriti, Shanti Parva, Shukra-nitisara, Arthashastra and also contemporary Jain/Buddhist manuscripts, thereby giving the reader an insight into History of Taxation in India in ancient period.
What are wellness benefits of health insurance? Does it offer additional help to the policyholder? Read thoroughly to learn!
Learn about GST on old age homes & senior citizen services in India. Analysis of exemptions, tax rates, and recent rulings by AAR.
Ensure compliance with SEBI regulations for listed companies – disclosures, financial results, corporate governance, related party transactions, and more.
Understand GST on renting residential dwellings: Taxability for residential or commercial purposes, reverse charge mechanism, IGST/CGST/SGST applicability, TDS, exemptions, and recent updates. Learn how the use of the property determines GST on rent and rental income. Stay informed about the latest changes effective from July 18, 2022.
Goods and Services Tax (GST) system has revolutionized the indirect taxation landscape in India. However, navigating the complexities of GST can be challenging for businesses, especially when it comes to concepts like Input Service Distributor (ISD) and Cross Charge.
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Unlock the secrets of Reverse Charge Mechanism (RCM) under GST with our comprehensive guide. Delve into the intricacies of this transformative tax mechanism introduced in the Goods and Services Tax (GST) regime. Whether you’re a seasoned tax professional, an entrepreneur, or someone eager to understand the complexities of GST, this guide equips you with the knowledge to navigate the dynamic landscape of RCM.
Intra-head adjustment allows taxpayers to set off losses from a specific source against income from the same head. For instance, loss from one business can be adjusted against profit from another business.
Learn how to claim Input Tax Credit (ITC) when an unregistered supplier becomes liable for registration under GST. Follow the procedure, calculations, and rules for ITC eligibility and filing Form GST ITC-01
