TIME OF SUPPLY UNDER GST LAW: Meaning of Time of Supply Time of supply means the point in time when goods/services are considered supplied’. When the seller knows the ‘time’,… Read More
Corporate and Professional update on 8th January 2019 Direct Tax Updates: CBDT clarifies that the circular issued by the Board on July 2018 prescribing Monetary Limits for Tax Appeals would… Read More
micro small and medium enterprises Overview on MSME’s Companies: What is the definition of MSME? The Micro Small & Medium Enterprises (MSMEs) are defined in India in the MSME Act… Read More
Direct Tax updates: The Income Tax Act, automating tax collection and return processing and making the process user-friendly are priorities for the National Democratic Alliance (NDA) government The Narendra Modi… Read More
Indirect Tax Updates: The Central GST Department decides to take measures to Recover Interest amount from the defaulters under section 50 of the CGST Act, 2017 including Recovery of Properties… Read More
OVERVIEW ON PLACE OF SUPPLY: GST is a destination-based tax, in which the goods/services will be taxed at the place where the goods and services are consumed and not at… Read More
Direct Tax Updates: ANGEL TAX: The industry department setting up a panel comprising startups, angel investors and income tax officials to look into the issue. The department for promotion of industry… Read More
Indirect Tax Updates: FAQ’s on GST: QUES. Is the condition to make payment for the value of supply plus the GST thereon required to be complied with by the recipient… Read More
SERVICE EXPORTS FROM INDIA SCHEME (SIES) INTRODUCED BY LATEST FOREIGN TRADE POLICY 2015-2020 A TOOLS TO ENCOURAGE EXPORT: Service Exports from India Scheme (SIES) has been introduced through the latest… Read More
Direct Tax Updates: People with annual income of around Rs. 10 lakh would be beneficiary by this move. This is because various tax saving instruments can be used to reduce… Read More