TDS – Rate Chart, Provisions, Penalty, Return Due Date Tax Deducted at Source (TDS) is one of the modes of collecting income tax in India at the very source of income, governed under the Indian Income Tax Act of 1961. It is…
We all know that government has put enormous efforts in bringing us the compatible GST Systems in order to encourage the habit of compliance and simplify the existing compliance complications. In its first step, it…
Introduction- GST Council in its very first meeting of year 2019, gives compliance relaxation to service provider/supplier, (having turnover upto 50 lakhs) by proposing GST Composite Scheme for Service providers at rate of 6%. As per 32nd…
[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)]Government of IndiaMinistry of Finance(Department of Revenue) Notification No. 10/2019-Central Tax …
Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services TaxAct, 2017 (hereinafter referred to as „CGST Act‟) provides for transfer of input tax credit which remains unutilized to…
According to the latest data from the central government, so far around Rs 20,000 crore of Goods and Services (GST) has been stolen in the country, in which about half of the amount has been…
It is a primary responsibility of the buyer to make sure that before purchasing a property from a resident or a nonresident, an appropriate amount of TDS as applicable as per Income Tax act is deducted and…
‘A’ is an entrepreneur from Gujarat. His Company owns a Five Star Hotel, Marriage Garden & a Convention Centre in M.P. As the GST is still at nascent stage, he has following three queries: Query…