What is a Proforma Invoice? Format and Status under GST
What is a Proforma Invoice? A Proforma Invoice is a document similar to an invoice regarding the particulars of the goods/services yet to be delivered
Rohit Pithisaria 23/08/2024
Menu
What is a Proforma Invoice? A Proforma Invoice is a document similar to an invoice regarding the particulars of the goods/services yet to be delivered
What is PPF (Public Provident Fund)? PPF stands for Public Provident Fund which is backed by Indian Government. It is the most common investment for
National Saving Certificate, commonly known as NSC, is saving bonds issued by Indian Government to individuals only. It is primarily focused on small savings. Also,
Traders in the foreign exchange market implement the same two types of analysis as stock market investors do: fundamental and technical analysis. The applications of
Meaning of Input Tax Credit (ITC) Input Tax Credit refers to the tax already paid by a person at time of purchase of goods or
Cost Inflation Index (CII) Applicable from Financial Year 2017-18 Financial Year (01 Apr to 31 Mar) Cost Inflation Index (CII) 2024-25 363 2023-24 348 2022-23
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
In case of death of sole proprietor and business is continued by any person being transferee or successor, the input tax credit which remains un-utilized
Meaning of Clubbing In general, clubbing means including the income of any other person into the Assessee’s total income for the purpose of taxation. Certain
Any person (other than individual or huf who is not liable to audit under section 44AB who is responsible for paying to a resident Fees for
New penalty for late filing of Income Tax Return under section 234F is introduced in Budget 2017. Although this penalty is applicable only for income
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