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Due to the COVID-19 pandemic, last dates for various return filing and other government work has been stretched, and in the same line-up, the recent update states that the “Bihar Settlement of Taxation Disputes Act, 2019” has been also extended for three months. The Notification was released on 13th April 2020 by the Governor of […]
No Tax Deducted at Source (TDS) shall be charged from the shipping agents on export freights, says Gujarat High Courts. The respondent to the case, Summit India Water Treatment filed ITR for Assessment Year 2013-14. On this, the Principal Commissioner of tax issued a challenging order u/s 263 of Income Tax Act 1961, on the […]
In India, Reversal of the ITC is a common term under the Indirect Tax Regime. Not only India, but other countries as well are aware of this term. Like when we talk about Malaysia Reversal of the ITC is there too. In India, we also have an ITC reversal process to avoid cases like deprivation […]
No result found! Clear search 1. Overview of Goods and Services Tax (GST) 1. What is Goods and Services Tax(GST)? It is a destination-based tax on the consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous […]
