GST Guidance on GST composition scheme GST Composition Scheme Particulars Supply of services [Section 10(2A)] Supply of goods [Section 10(1)] Applicability of the GST Composition Scheme. Whose aggregate turnover… Read More
Income Tax Updates: It is notified by CBDT that DTAA between India-Hong Kong for avoiding double taxation and Preventing Fiscal Evasion with Respect to taxes on Income. Indirect Tax… Read More
INCOME TAX UPDATES : Old vs New Tax Regime Choosing between the old and new tax regimes Choosing between the old and new tax regimes at the beginning of the… Read More
INCOME Tax Updates: The Assessment is reopened simply on the basis unclear information received from the Director of Income Tax by the Assessing without independently applying his own mind to… Read More
Generated E-invoice and applicability with Exception of E-invoicing Compulsory E-invoicing generation limit further reduces from Rs. 100 Cr to 50 Cr You needed to aware the E-invoicing is mandatorily applicable… Read More
Income tax Updates: Direct tax collection has risen up by 15.7% for the period of April-November as compared to previous year. Collections added to Rs 6.75 lakh crore while refunds… Read More
GST on Housing Societies & Resident Welfare Associations. supply of service by RWA (unincorporated body or a registered non- profit entity) to its own members by way of reimbursement of… Read More
When is compulsory GST registration required? A person registered under the Pre-GST law (i.e., Excise, VAT, Service Tax, etc.) Casual taxable persons rendering taxable supplies A person who is required… Read More
CBDT clarifies extension validity of lower or nil TDS/TCS certificate CBDT issued order an explanation/ clarification U/s 119 on 9-04-2020 on questions arising from orders issued on 31 March and… Read More
CASE UPDATES: It is explained by the Central Board of Direct Taxes (CBDT) that the limited scrutiny cases referred under CASS cycles in 2017 and 2018 where the issues referred… Read More