New GST Rates are effective from 18th July- Let’s take a view of Updated Rates: While the GST council recommend to remove some tax exemptions and adjust some rate structures, many other exemptions were eliminated. Beginning from Monday, Customers will pay extra for variety of commodities, including furniture, lodging and banking services as new GST …
Tribunal allowed a refund of the Countervailing Duty, Cess & Special additional Duty: In case, we have to pay Basic Customs Duty (BCD), Cess Special Additional Duty (SAD), and Countervailing Duty (CVD) on our imports made before the implementation of GST in order to regularise a bona fide default under an advance authorization. After implementation of GST, GST Law restrictions …
How to file an Tax Return for a deceased person as the deadline draws near According to Section 159 of the Income Tax Act of 1961, a person’s legal executor is responsible for paying any debts that the deceased would have been required to pay if they had lived, in the same way and to …
Overview on NBFC – XBRL Filling in India The E-xtensible business reporting language (XBRL) is transforming company reporting all over the world by allowing for the electronic exchange of financial & business data. From financial year 2019–20, the Reserve Bank of India required all NBFCs to submit their NBFC returns in XBRL format. Moreover, we’ll …
New GST Number Registration in Delhi Flexibility in the systems via online regime makes the GST registration very easy by following the certain easy steps altogether in one go. GST registration is mandatory for the holder whose turnover is more than 20 lakh. After making the application online, the business applicant will get the unique GSTIN number …
GST Registration For One Person Company in India A single person is the owner and operator of One Person Company. OPC Company’s director is distinct from the company. Many One Person Company Companies moved to or registered for One Person Company GST Registration when the GST was implemented on July 1, 2017. Online GST registration …
GST Registration of sole proprietorship in India Under the current GST regime, anyone who provides products or services must register for the Goods and Service Tax (GST). So, if your business has an annual revenue of more than Rs. 20 lakh, you must register with the Goods and Service Tax Network (GSTN). Once you have …
Main Changes wrt 47th GSTC meetings have been notified : GSTN the GST Council altered the GST rates for several commodities, which may have an impact on average people’s wallets. The new Goods and Services Tax rates will be in w e. f starting on July 18, 2022. The modifications were made at the 47th …
Who are the top Goods and Services Tax (GST) consultants in India? The GST has been the Indian economy’s most significant game-changing development. With the adoption of this single tax, many other taxes—including the luxury tax, central excise duty, state sales and use taxes, entertainment taxes, purchase taxes, service taxes, surcharges and cess are replaced. …
Dematerialisation of shares mandatory: Every unlisted public company must issue all of its securities in dematerialized form in accordance with the provisions of the Depositories Act of 1996 and the rules promulgated thereunder, as stated in the aforementioned new Rule 9A, and must also take all other necessary steps to facilitate the dematerialization of all …