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Petrol and diesel will not be included under GST (Goods and Services Tax) until and unless the income under the GST reign strengthens said the former chief economic adviser Arvind Subramanian.
It is apparent that there might be multiple campaigns and schemes running parallelly in the state of Himachal Pradesh to appreciate and motivate the handloom industry to grow and manufacture the product.
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.
Demonetisation was a bold move in a predominantly cash dependent Indian Economy. But a recent report on the effects of demonetization to a parliamentary committee by the Union Agriculture Minister will put to rest all claims made by the current government regarding the success of the move.
The newer version of the Gen GST – return filing and e-billing – software has been launched now. It is bigger, better and comes with more features than before. Gen GST is also the first GST software in the accounting segment to be completely independent of platform and the OS. It is also available in both online and offline variants.
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 tax deduction at source is a major compliance rule performed by taxpayers in India. Here we will go through all the procedures to upload a TDS return online. There are all the conditions mentioned where the taxpayers have to upload TDS return on the income tax site as well as on the National Securities Depository […]
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.
The Kerala AAR’s has recently ruled that threshold exemptions will be applicable on the individual earnings of co-owners who are participants in a jointly owned property.
