Persons required to deducted Tax – Any person who is responsible for paying rent to a resident in excess of Rs. 1,80,000/- for a particular financial year is required to deduct tax under this section. Tax is to be deducted… Read More
SIMPLIFIED RETURNS UNDER GST
In an effort to simplify the filing process and increase tax compliance under GST, the GST Council has approved a new return filing process. This filing process is expected to come into effect from 1st April, 2019. Here’s what you… Read More
Recent Amendments under GST
26th October, 2018 1. Due date of filing GST ITC 04 has been extended till 31st December, 2018 for the period of July 2017 to September 2018 2. Final return in Form GSTR-10 is required to be furnished by all… Read More
E-Way Bill
E-Way Bill 1. Understanding E-way Bill E-way bill is an electronic bill which is required to moove the goods of more than Rs.50,000/- or more in a vehicle, the goods can not be moved in such a case without an… Read More
GST DUE DATES
The Assessees who have enrolled from existing tax regime to GST or who have registered afreash in GST, its the time to file their first return under the new GST regime, as the department has notified the due date for… Read More
Invoice under GST
Invoicing Rules have been set under GST which covers the details that should be written on the invoice including supplier’s name, shipping and billing address, place of supply, rate and HSN code. Lets talk all about invoicing under GST… Read More
Work Contract under GST
The Government has finalized a rate of 12% as Goods and Service Tax for work contracts, which initially deemed to be levying higher tax burden on the construction industry, but a closer view of the provisions will suggest a lower… Read More
Migration of Input Credit under GST
The Goods and Service Tax (GST) even before its implementation attracted lot of discussions and queries about its implementation and the impact which it will make on small and medium enterprises. The new tax regime is said to make a… Read More
GST Relief for E-Commerce Players
The Government has postponed implementation of GST provisions that deal with the Tax Deducted at Source (TDS) and Collected at Source (TCS) that requires e-commerce players like Snapdeal, flipkart and Amazon to deduct the tax at source at the time… Read More
Complicated Rate under GST for Services
The council of Goods and Service Tax (GST) has approved a four-rate structure for taxing services similar to that of the goods under the new GST regime on friday.Most of the current exemptions has been retained in the new tax… Read More