The GSTN has issued update dated March 10, 2022 for enhanced User Interface in which Map has been added in address fields in the registration application GST REG-01 on the GST Portal for the taxpayers. User Interface (UI) with…
Advance tax means income tax should be paid in advance instead of lump sum payment at year end. Advance Tax shall be paid according to section 208 of the Income Tax Act 1961. 1.Minimum tax liability- Every…
Scope of this Article: This article encompasses the basic understanding on Virtual Digital Assets (or” Cryptos”) mechanism in India, discussing therein all the ambiguities that may arise in near future for crypto investors. Brief Introduction:…
The Effects of Changes in Foreign Exchange Rates discusses foreign currency transactions entered by entity, translation of financial statements of foreign operations and accounting for forward exchange contracts. An entity may carry on foreign activities in…
GST MONTHLY | MAR 22 Dated: 05 Mar 2022 1. GST DEADLINES 1.1. Deadlines | Mar 22 GST Compliance Calendar – Mar 2022 Due Date Return/ Compliance Remarks 11 Mar 22 GSTR1 (Feb 22)…
Income tax laws generally do not differentiate between a resident tax payer and a non-resident but there are certain tax benefits/concessions which are available to a resident individual but not to non-residents. Let us discuss…
Mandatory E-invoicing is an additional compliance function brought in to curb the fake invoices. The excess credit claims were adversely impacting the GST tax collection. E-way bill is a replacement of similar system under VAT…
In mid-November 2021 the government decided to tax transactions supplied through an e-commerce operator which were earlier not liable to tax, i.e. Non-AC passenger transport services (bus & auto) and certain restaurant service suppliers. Similar…