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The 37 Council meeting chaired by Union Finance Minister Nirmala Sitharaman on 20 September concluded with various amendments in tax laws including tailoring of corporate tax rates from 30% to 22%. The reform is the breeze of relief for India in this stressed economy. Depressed GDP (current 5% from 8% a year ago), on the […]
After the implementation of GST, the council have decreased taxes on multiple products in various meetings. But customers are unable to enjoy the full fruits of these deductions on taxes.
Research and development (R&D) Centres in India especially pharmaceutical, biotech and manufacturing companies went to Delhi Court as the government denied to provide tax benefits under GST.
The government is ready to convey the surveys and searches for the businesses who haven’t paid the taxes yet and will try to bring more of companies under the umbrella of GST net.
Integrated Tax (Rate) 1. Rescinding Notification No. 15/2017-Integrated Tax (Rate) dated 30.06.2017 2. Seek to reduce the rate of Central Tax, Union Territory Tax, on fertilisers from 6% to 2.5% and Integrated Tax rate on fertilisers from 12% to 5% 3. Notification for Exemption from Integrated Tax to SEZ 4. To notify the categories of […]
Integrated Tax 1. Seek to reduce the rate of Central Tax, Union Territory Tax, on fertilisers from 6% to 2.5% and Integrated Tax rate on fertilisers from 12% to 5% 2. Notification for Exemption from Integrated Tax to SEZ 3. To notify the categories of services the tax on inter-State supplies of which shall be […]
These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). For example, We pay VAT and other taxes on purchasing a product.
The chartered Accountant website is a new trend in the professional industry for all aspiring and existing chartered accountants to maintain the online presence of their practice and accumulate clients from across the nation. To prepare a chartered accountant website, there are lots of ICAI guidelines which has to be followed on a strict basis […]
