GST Returns for Persons Registered under Composition Scheme
Details, as furnished in Details of outward supplies in Form GSTR-1, will be available to the composite dealer in Form GSTR – 4A. The dealer
Prateek Agarwal 29/05/2021
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Details, as furnished in Details of outward supplies in Form GSTR-1, will be available to the composite dealer in Form GSTR – 4A. The dealer
Taxability of Salary Income As per Section 5(2), the total income of any financial year who is a non-resident includes all the incomes from whatever
Services provided by the hotel is a taxable service in GST. The place of supply will always be the state/union territory where the hotel is
As per Section 139(1)(b), every individual, if his total income exceeds the maximum amount which is not chargeable to income tax shall file his return
Residential status is the most important concept for income tax applicability on seafarers. It is required to find out for every financial year to compute
Non-resident seafarers are allowed to have various types of bank account as follows: – Non-resident Ordinary Account (NRO) It is a rupee-denominated saving account for
Introduction Goods and Service Tax (GST) is applicable in India from 1st July 2017. Before 1st July 2017, service tax applies to services and vat,
Who is considered as e-commerce operator? CGST act defines electronic commerce as – ” Electronic Commerce means the supply of goods or services or both,
Agent is defined in CGST act as “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any
GSTR-2B is introduced on GST portal only some days back. At first, GSTR-2A and GSTR-2B seems to be same. But they are different in some
What is a dropshipping business? Dropshipping is a business in which the seller sells the goods which he does not own at time of selling
Introduction Government is considered as a “person” under the GST act. Therefore, any supply of goods or services by or to government is subject to
Long term capital gain means capital gain arising from transfer of long term capital asset. Indexation benefit is available for long term capital gains. Long
The following conditions should be satisfied for claiming deduction under section 80D. Assessee should be individual or HUF (whether resident or non-resident) Payment is made
TDS Payment Due Date Month Due Date April 7th May May 7th June June 7th July July 7th August August 7th September September 7th October
If you are making payment to Google Ads or Facebook for advertisement then you are required to deduct TDS under section 194C of income tax
Sometimes we are required to make the changes in the TDS challan paid. Department has provided various ways in which you can make the changes
Applicability Section 194IA is inserted by Finance act 2013 and is applicable from 01st of June , 2013. A person who is purchasing any immovable
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