Press Information BureauGovernment of IndiaMinistry of Finance 08-December-2018 17:16 IST Effective tax rate on complex, building, flat etc.It is brought to the notice of buyers of constructed property that there is no GST on sale…
Value of Supply Every financial statute makes provision for the determination of value as tax which is normally payable on ad-valorem basis. In GST also, tax is payable on ad-valorem basis i.e percentage of value of…
GST is a trust based taxation regime wherein the assessee is required to self-assess his returns and determine tax liability without any intervention by the tax official.Therefore a tax regime that relies on self-assessment has…
What is meaning of job work? The term Job-work itself explains the meaning. A principal manufacturer can send inputs or semi-finished goods to a job worker for further processing. And after processing job worker will…
Meaning of Tax Deduction at Source TDS Tax Deduction at Source (TDS) is a system, introduced by the Income Tax Department. It is one of the mode to collect tax, under which, certain percentage of amount…
In today’s lifestyle cabs are our basic need. Cabs and taxis are very important part in over transportation services. And now days it is an important sectors that provide good jobs.Now we are discussed about…
Refund” includes refund of tax paid on zero-rated supplies of goods or services or both or on inputs or input services used in making such zero-rated supplies, or refund of tax on the supply of…