Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Karnataka Authority of the Advanced Ruling passed a decree that vouchers shall also carry a levy of 18% GST. The reason being, they are subject to section 12(5) of the CGST Act 2017. Here, in this case, the applicant Messrs Premier Sales Promotion Private Limited is indulged in the trade of providing marketing services. […]
Interestingly the name itself Inverted Duty Refund as per GST is synonymous with its meaning. Long story short, the Inverted Duty structure is a mechanism wherein the rate of the tax on the inputs is greater than the rate of the tax on the output supplies. Consequently, in the aforesaid cases. The input tax credit […]
You shall be amazed to know that since July 24, every day more than 1 lakh income-tax returns have been filed on the new web portal of the Income Tax Department. Worth mentioning here that the new website of the Income Tax Department was launched on June 7 of this year. In fact on Tuesday […]
The senior council Revenue department of Andhra Pradesh head by Special Chief Secretary Rajat Bhargava, and Central and State GST officials talks about the methods to get optimized for good execution of GST acts in the state tax chief commissioner. The participants have an urge towards the coordination amid the center and the state tax […]
The government is planning the remodelling of GST rates to simplify things and has started efforts in this direction. The Chief Economic Advisor (CEA) in the finance ministry Krishnamurthy Subramanian on June 29 said that the rationalisation of the GST rate structure Grab the information of revised GST slab rates on consumer products in India, […]
This is surprising and complicated too specifically for advertisers of Google. The digital giant Google shall pass on ‘India’s 2% Equalisation levy’ that was initiated in April 2020 applicable to those clients of Google whose advertisements are being visible in India effective from the month of October of this year. More importantly, this levy is […]
Details Need by AO for Reopening Not Reasons to Believe If any income taxable for the case of the taxpayer has gone without assessment for any assessment year. The assessing officer might be liable to the act under sections 148 to 153 assess or re-assess these income or re-complete the loss or depreciation allowance or […]
Since July 2017, the One Nation One tax i.e. Goods and Services Tax (GST) has been introduced in India. Apparently, it looks simplified; however, the entire accounting mechanism has been overhauled. Nevertheless, the concept of GST has its own advantages in the long run. As Per the Indian Accounting Standards State-based Registration and Consequent Accounting […]
This is high time for The Central Board of Indirect Taxes and Customs (CBIC) and taxpayers amidst the orders of the honourable Supreme Court. The CBIC has released a statement saying that the issue of the summons, search, enquiry, or investigation and even the arrest that has been mentioned in the provisions of GST Get […]
