Taxpayers are advised to pay their Income tax on or before 31st December as on non-payment of the returns on the stipulated time, would lead to the payment of huge penalty and the penalty amount could be between Rs. 5000 and Rs. 10,000.
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Taxpayers are advised to pay their Income tax on or before 31st December as on non-payment of the returns on the stipulated time, would lead to the payment of huge penalty and the penalty amount could be between Rs. 5000 and Rs. 10,000.
In today’s busy world, each and every person wants some income tax exemptions through their salary or profession. Also, to make India cashless and bring it out of corruption, the government is trying every possible way. Now the IT (Income Tax) department has again come up with something in which it warned the people to […]
The Indian Government has started doing the investigation on financial inclusion as banks and BCs have been facing issues due to 18 percent GST is being levied on these services.
GST Council’s 31st meeting has taken some of the major decisions on the higher slab rate. The meeting deliberately made discussion on the items coming under the highest 28% GST slab rate.
ITR Filings are prime indicators of both the moral and the economic compass of a Nation. India as a nation has long been suffering from a below-par tax base. This shows up subsequently in government budgetary allocation to various public welfare schemes. A strong tax base is the lifeline of a strong economy and a […]
GST Annual Returns and subsequent GST Audit Reports may spoil the record maintenance of several traders. Businesses and taxpayers registered under GST must file GST Annual Returns(GSTR-9 Return) and Audit Reports (GSTR-9C certified by a CA) on or before 31st December 2018.
After successfully clearing all CA attempts, one thing comes in everyone mind either to start a practice or applying for the employment. Both of the options have some set of advantages and disadvantages.
Matching and Reconciliation were part of the erstwhile VAT regime too. But the process of matching data between account books and tax returns was not as tedious as it is under current indirect tax structure in India i.e GST.
The Big news has come for the Oil Refineries as there is an announcement for relief in regards to the GST payment against the job outsourced by these oil companies.