GST on Co-operative Housing Society

What is Co-operative Housing Society Co-operative housing societies are the entities registered under the co-operative laws of the respective state and which provide its member’s amenities and services relating to housing. In simple words, it is a collective body of persons, who …

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How to cancel an e-Way bill

Rule 138 of CGST Rules define the provisions of the e-Way bill. A registered person needs to generate an e-way bill where the goods need to be moved from one place to another and the value of such goods is more than …

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Deemed Export under GST

What is Deemed Export? “Deemed Exports” refers to supplies of goods manufactured in India which are notified as deemed exports under Section 147 of the CGST/SGST Act, 2017. It is to be noted that services are not considered as deemed exports. The …

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Mixed Supply

A mixed supply is one in which two or more individual supplies of goods or services are made as a single supply but such supply does not constitute as a composite supply. For example, a departmental store makes a package on occasion …

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GST Applicability on E-commerce Operators

What is e-commerce operator? E-commerce operator has been defined as a person who supplies good or services or both, including digital products over digital or electronic network. It includes the person who sells own goods or services like taxadda itself and also …

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जीएसटी भुगतान की आखिरी तारीख और देरी से भुगतान पर ब्याज

जीएसटी भुगतान की आखिरी तारीख व्यापारियों को जीएसटी का भुगतान महीना समाप्त होने के बाद 20 दिन में करना होगा । कम्पोजीशन स्कीम में पंजीकृत व्यक्तियों को जीएसटी का भुगतान त्रैमासिक करना होगा, त्रैमास ख़तम होने के 18 दिन के अंदर । …

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Standard Deduction – Section 24a

Standard Deduction of 30% of Annual Value is allowed as deduction to every person. Any type of expenses incurred by the assessee for acquiring, constructing, repairing, reconstructing, maintaining, renovation, renewal etc shall not be allowed as deduction. Flat 30% of deduction shall …

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Income tax guide for Indian Freelancers

1. What is freelancing? 2. How freelancer earns? 3. Accounting for freelancer 4. GST on Freelancer 5. Income Tax on Freelancer What is freelancing? Freelancer is a person who is self-employed and generally works on project basis or assignment basis for clients. …

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