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Various states are ready for petrol and diesel to come under the GST regime opposite to the perception that they are against the concrete proposal which includes the compensation mechanism through the center. West Bengal Finance Minister Amit Mitra directed besides problem discussion says the union might not be interested to take the amendment as […]
The Central Board of Direct Taxes (CBDT) directed that the Indian Laws and the double tax avoidance treaties give enough security to NRIs and expats who were helpless in India because of Covid-19 from the possibility to furnish taxes in 2 countries on a similar income in FY21. CBDT told in the circular provided on […]
With a total GST collection of Rs 3,340.56 crore on Feb 21, the state has increased with a 20% rise with respect to the national average of 7 pc, it is the highest among all the bigger states. In February 2020 GST collection was Rs 2,790.16 crore. In the total GST collection, the state has […]
Only on billing, no business process will be completed. Businesses will have to provide details of their sale/purchase to the prospective government and if they come under the radar of taxation, they will also have to file a tax return. The Goods and Services Tax (GST) was introduced on July 1, 2017, it replaced all […]
The Supreme court stated that there will be no TDS that is applied towards the Indian firms toward the amount which is used for foreign software. The appeals for the engineering analysis center of excellence might be grouped for the 4 divisions. The first category engaged with the event where the foreign software has been […]
For the 5th continuous month, the Centre’s goods and services tax (GST) collection attained at Rs 1 trillion marks in Feb month. As per the government, this was the outcome of the implemented activities so to enhance the recovery inside the economic activities. With the same speed, the government can effectively meet the amended GST […]
The study of the name amended for the listed and unlisted firms under the Companies Act 2013. The name amended involves the amendment in the Memorandum of the firm. Thus, the plan for the alteration of the memorandum needs to comply. The applicable provision will be understood from this article, as well as the practical […]
Under section 54F of the Income Tax Act, 1961 the Income Tax Appellate Tribunal (ITAT) Bangalore in its proceeding said towards the assessing officer to permit the exclusion to the taxpayer upon the invested amount towards buying the house in the name of the daughter. Under Section 54F of the Income Tax Act, the person […]
Office bearers of the Institute of Chartered Accountants of India meet Finance Minister Nirmala Sitharaman so as to have the consequences of the move to dispense with audit beneath GST act. They urged the government’s move to rectify the compliance of the law for the easy functioning of the trade and business sector. They show […]
