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Gradually, the Revenue generated through Tax collection has come down after the great results witnessed in the initial phase when GST was Implemented in the country and the speedy collection was done on the basis of the strict Tax collection rules.
In the present fiscal year by Central Goods and Services Tax (CGST) formation (up to December 2018), the inspection in 3626 cases of Goods and Services Tax (GST) violations/ evasion has been started.
All salaried persons don’t know about all sections under income tax that can save income tax on a legal basis. Here, SAG Infotech has written down all income tax saving tips along with the simple definition of all related sections like 80C, 80CCC, 80CCD, 80TTA, 80GG, 80E, 80EEA, 80EEB, 80D, 80DD, 80DDB, etc. If a […]
Estate Tax or Inheritance Tax is a matter of question in the country since long. Also, the ruling government is looking forward to implementing the same christened as the Inheritance Tax.
GST collection dropped to Rs 94,726 crore in December 2018 as compared to November’s collection of Rs 97,637 crore.
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.
Currently, the investigation has been done by the tax officials under which the officials have observed that the pharmaceutical companies have claimed the input tax credit (ITC) for free samples being offered by them as a promotional activity.
The number of petitions being filed against the various clauses of the earlier launched goods and services tax (GST) system in the different courts is only increasing with each day.
On March 15, 2019, the fourth instalment of advance tax payment is required for FY 2018-19 and by this date, 100% of advance tax liability has to be paid. compute your advance tax liability and before time surely pay the Advance tax instalment to avoid penal interest.
