All about Goods and Services Tax Liability on mobile application developers Almost every one uses some kind of application in their everyday life, which is created by application developers and made available to end-users through online stores such as the Google Play store. Now, there’s a crucial question that needs to be addressed and should …
The Goods and Services Tax (GST) is a tax that applies to both goods and services. The GST law is an indirect tax that came into effect on July 1, 2017 in India. Many indirect taxes have been replaced with GST, which is a single statute. In India, the GST law is a multi-stage, destination-based …
A new feature “core business activity” is introduced in GSTN. By using this option, a taxpayer needs to select his one core business activity on the GST Portal. Core business activity means the business your primary business that you need to select. Let’s say, if you are a trader then you may select the “trader” …
VALID MODE OF SERVICE OF NOTICE UNDER GST(CGST) Under Section 169 of CSGST Act, 2017 defines Service of Notice in Certain Circumstances: – a) Serving directly or by messenger b) Serving by post c) Serving by E-mail d) Serving at GST portal e) Serving by publication in a newspaper f) Serving by affixing at a conspicuous place How …
Government relaxes deadline for Compliance of GST, a lesser late fee for COVID-19 hit businesses. Ministry’s of finance issue notifications include the extension of the timeline for filing GST returns, the lesser quantum of the late filing fee, & even late fee waiver in few cases for the months of April & March 2021 The …
Overview on GST on property rental The GST has affected the impacted the real estate sector and aspects such as sales, purchases, buildings, rents, renting, and so on like other economic industries. Furthermore, a number of GST regulatory provisions on rental income have been laid down, for example on the place of supply, on taxable …
GST Provisional Attachment Power Draconian on the provisional attachment of Bank Account under GST, to be exercised in compliant of procedure: Radha Krishan Industries Vs State of Himachal Pradesh (Supreme Court) Supreme Court in its recent judgment in the case of M/s. Radha Krishan Industries v. State of Himachal Pradesh & Ors. has laid down …
Overview of Display of GST Certificate of Registration GSTIN, short for Goods and Services Tax Identification Number is a special 15-digit identification number assigned to each taxpayer (mainly dealer or supplier or business entity) registered under the GST regime. A State PAN-based 15-digit Goods and Services Taxpayer Identification Number is provided to each taxpayer under …
Compliance calendar in Details for the month of Jan 2021 Compliance calendar in Details for the month of Feb 2021 Compliance calendar in Details for the month of March 2021 10th March 2021 (For TCS collection by E-Commerce Operators Under section 52)- GSTR-8 for the month of February 2021 (For TDS Deductors Under section 51)- GSTR-7 for …
www.carajput.com; BUDGET 2021 Seven Powerful provisions in Budget 2021 that will start changing the existing business processes! This statement is appropriate to what we experienced in the budget of the Union unveiled by the Minister of Finance. Changes in tax legislation, as released by the Govt, will surely make the lives of business people and …