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Find GST rates for scrap material with HSN Code; including plastic, rubber, wood, and paper waste by reading this informative post. What is the Meaning of Scrap? Scrap is nowhere related to GST Laws. One could only see its meaning as per the normal mode of business. However, as per the dictionary, scrap means the […]
On Monday the Central Board of Direct Taxes (CBDT) announced the Income-tax (19th Amendment) Rules, 2020 with regard to non-furnishing of PAN by non-resident including FORM No. 49BA. The Income-tax Rules A simple way to understand all major changes under rebates and deductions in income tax rules for the FY 2020-21 (AY 2021-22). Also, we […]
All the taxpayers who do not have filed their income tax returns for the financial year 2018-19 have now been provided with a relief of two months. The Central Board of Direct Taxes (CBDT) has extended the last date to file Income Tax Returns Get all due dates of income tax return and payment of […]
The GSTN (Goods and Services Tax Network) has issued an advisory on the interim measure in appeal channel for filing revocation of cancellation order. Any assessee who wish to avail the benefits of RoD order 01/2020 dated 25th June 2020, can now request the appellate to restore the application as earlier filed by the assessee […]
The government officials have told that over 1,300 exporters have claimed false GST refunds Get to know about official GST refund process under GST regime as finalized by the GST Council. We have included terms and conditions of all aspects worth Rs. 1,875 Crores from different sources which are untraceable to their business. 7,516 other […]
Gratuity is to be paid by the employer to the employee when he leaves the company after working for five years. An employee can receive the gratuity payment in case he resigns or retires. The gratuity can only be received by the employee if there is no gap between the term of 5 years. The […]
According to the research conducted by Kantar. A market research firm, only one-third of the Small and Medium Businesses (SMBs) are willing to use at least one benefit under the new Aatmnirbhar Scheme (Self-Reliant Scheme) launched by the Prime Minister of India, Narendra Modi. The survey found that these SMB owners were more interested in […]
After receiving the recommendations of the Advisory Committee for MSME Udyam Registration the central Government comes up with: The government introduced some specific criteria for classifying the enterprises as micro, small and medium enterprises. Also notified about the form and the process of filing the memorandum (Udyam Registration), w.e.f 1st day of July 2020 GST […]
The AAR Tamilnadu, ruled that only the transactions related to distribution and transactions of the power utilities sector will be exempt from Goods and Services Tax (GST) Check out the latest official updates under GST (Goods and Services Tax) by the CBIC department. Also, we include notifications & circulars/orders regularly. Read more. All the other […]
