Union Budget 2019

Post author:WhyTax
Post published:January 31, 2019
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Union Budget 2019: Here's a list of India Inc's expectations Budget 2019: Union Finance Minister Piyush Goyal will unveil the Interim Budget 2019 on Friday, the last Budget of the incumbent government before the country goes to…

TDS on Salary

Post author:WhyTax
Post published:January 30, 2019
Post category:Income Tax
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TDS or Tax Deduction at Source is a mandate from the salary of the salaried taxpayer under section 192 of the income tax Act. And after the deduction is made, balance amount is paid to the…

RCM under GST on Procurement from Unregistered Dealer’s Withdrawn

Post author:WhyTax
Post published:January 30, 2019
Post category:GST
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Seeks to rescind notification No. 8/2017-Central Tax (Rate) dated 28.06.2017 in view of bringing into effect the amendments (regarding RCM on supplies by unregistered persons) in the GST Acts vide Notification No. 01/2019 – Central Tax (Rate) Dated 29th January,…

Amended GST Registration provision for Special Category States

Post author:WhyTax
Post published:January 30, 2019
Post category:GST
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GST Registration provision amended to align Special Category States Seeks to amend notification No. 65/2017-Central Tax dated 15.11.2017 in view of bringing into effect the amendments (to align Special Category States with the explanation in section 22…

FAQs on Place of Supply of Goods and Service under GST

Post author:WhyTax
Post published:January 29, 2019
Post category:GST
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Q.1 What is the need for the Place of Supply of Goods and Services under GST? Ans. The basic principle of GST is that it should effectively tax the consumption of such supplies at the destination thereof…

Rate of Exchange of Currency, other than Indian Rupee and Air Travel Agent

Post author:WhyTax
Post published:January 23, 2019
Post category:GST
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Rate of exchange of currency, other than Indian rupees, for determination of value The rate of exchange for determination of value of taxable goods or services or both shall be the applicable RBI reference rate for…

GST on Restaurants

Post author:WhyTax
Post published:January 20, 2019
Post category:GST
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The GST regime of indirect taxation has subsumed most of the indirect taxes levied on the sale and purchase of goods and services in India. The price of numerous commodities and services have been affected due to…

Tax Planning- Save Tax through your Family

Post author:WhyTax
Post published:January 18, 2019
Post category:Income Tax
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Saving Tax through Family! Surprised! Yes, we can save tax through our family members i.e. Parents, Major Children’s and Wife. To Save Tax through Family members we needs to invest in way that our tax…