Browsing author
If any person is responsible for paying any amount to the resident owner who wants to sell the resident by any means of payment for transferring of a fixed property (i.e., building or part of a building or any land other than agricultural land) under Section 194-1A, he is likely to deduct tax at source.
Digital is one word that would be synonymous to the year 2018 in India. From GSTN to e-Way Bill, the finance sector, by far than any other Industry, went through the most aggressive digital; makeover in recent years.
For every eligible taxpayer filing the ITR would be a yearly obligation in India. It’s a legal obligation that guarantees correct reporting of income and financial activities to the government; it’s not merely a formality. The Income Tax Department uses an automated system to carefully review the submitted returns in order to speed up this […]
In the recently concluded National Conclave on Mines and Minerals Ms Aruna Sharma, Union Steel Secretary, stressed on rationalizing royalty and auction money before they can be subsumed as ITC under GST.
The GST is self-assessing by nature while more than 1 crore Taxpayers are registered under GST. Self-Assessment is necessary to determine tax liabilities.
The business which has not got input tax credit (ITC) on provided services or on a closing stock is eligible to claim a credit under before GST implementation regime, without concerning whether they are registered taxpayers or not under this newly implemented indirect tax regime.
Many traders want to file GST but due to lack of computer awareness, they have to hire lawyers and accountants at a higher cost which is the main cause of delay in filing returns.
Under the GST, the exports of taxable goods or services are treated as zero-rated supplies. It means that the suppliers will not have to pay any GST on any of their exports.
Every online business generates revenue by advertisements and selling through affiliate marketing. Under GST (Goods and Services tax) regime, the provisions are clearly mentioned for e-commerce operators.