Tax Guru Edu announces Live Online Professional Development Courses on GST, Customs & FTP and Income Tax – 2021 / 22. Online Course involves 2 classes a week for 2.5 hrs on weekends. Total 10 sessions (25 hrs detailed course).
This Digital GST Ready Reckoner is beyond just a PDF version to our paper book. It has some distinct benefits and offers versatility in comparison to the printed version. It can be said that both serve their own different purpose.
Issue faced in Intimation under section 143(1) with respect to Late Fees under section 234F of Income Tax Act, 1961 Currently the Income Tax authority Centralize Processing Centre (CPC) is issuing intimation for Assessment Year (AY) 2020-21 (FY 19-20) as well as AY 2021-22. In the intimation generated for AY 2020-21, the CPC is levying […]
On 12th and 13th November 2021, many taxpayers in Telangana, falling under the administrative jurisdiction of State Tax authorities were shocked and surprised to receive an alert in their e mail, that they have been issued show cause notices (Form DRC 01 – demand notices under Sec. 73 of CGST/TSGST Act, 2017) which can be downloaded from their dashboard on GST portal.
The entire textile trade and industry is in shock on Government’s decision of increase in GST Rate on textile from 5% to 12& which is the second largest revenue generating commodity after agriculture.
The professional work of a Chartered Accountant is undergoing major changes that will continue, and potentially intensify, in the future. There is a dire need to check the recent erosion of professional opportunities. Our profession is statute backed and as long as we are having a backing of such laws in our favour, the profession […]
Income-tax Department has provided taxpayers with several deductions availing which they can reduce the taxable income thereby reducing tax liabilities. But there are several deductions such as section 80C, section 80CCD, section 80D, section 80G, etc which taxpayers know and avail while filing the income tax return. There are many other deductions knowledge of which […]
Supply of Pure Service except Works Contract Service or composite supplies involving supply of any goods is exempted from GST Tax subject to such conditions stated under entry at Sr.No.3 of the Notification No.12/12017 Central Tax (Rate) dated 28-06-2017. From 25-01-2018 the Legislature allowed composite supply in which the value of supply of goods constitutes […]
GST ON ROYALTY PAID FOR MINING OPERATIONS: 1. What is Royalty? Royalty in law means payment made to the owner of certain types of rights by those who are permitted by the owners to exercise such rights. The rights concerned, for example, are – literary, copyright, patent etc. and include rights in mineral deposits. Although […]
This article answer FAQs on Annual Information Statement (AIS), Taxpayer Information Summary (TIS), Accessing AIS on Portal, Viewing Annual Information Statement (AIS) through Portal, Downloading AIS related files through Portal, Submitting feedback through Portal, Modify Feedback through Portal, Viewing AIS through AIS Utility, Submitting Feedback through AIS Utility, Saving draft feedback file on AIS Utility, […]
