GST Charges For Cheque Bounce By Banks (Inadequate Balance & Non-Financial Reasons)
Before giving out cheques, make sure to double check your account balance. A fine of Rs 500 plus GST charges is now applicable on bounced cheques.
Browsing author
Before giving out cheques, make sure to double check your account balance. A fine of Rs 500 plus GST charges is now applicable on bounced cheques.
Compliance under GST, the One Nation One Tax, has been on an upward trend. This is cemented by the fact that composition-scheme dealers reporting average annual revenue of Rs 20 lakh increased by two times in the last quarter of FY 2017-18.
AAR or the Authority for Advance Rulings has stated that liquidated damages will attract GST. With this, the GST is now a tax for non-performance too.
A GST seminar was organized recently by the Tax Practitioners Association. The venue was Indore’s very own and famous Pritamlal Dua Auditorium.
A major beneficiary of the revised GST rate of 12% on Construction Projects could be the Maharashtra State Government. The State Government has reportedly asked for rebates from contractors handling the Mumbai Metro Project.
India’s Property market has always been driven by assumptive forces and was breeding ground for all illegal mafia-like authoritarian players.
The National Anti-Profiteering Authority which was set up under GST to ensure that benefits from the reductions in GST rates must reach the common taxpayer must and the NAA must be applauded for the good work it has done so far to safeguard consumer welfare.
The GSTN that powers India’s new destination based indirect tax, The GST, was never supposed to be a mere online portal for Tax Collection.
From 7.1% in 2016 to 6.6% in 2017, the fall in GDP rate had raised a lot of eyebrows and serious questions were asked about the effectiveness of implementing GST post Demonetization.