Composition Scheme for Service Providers in GST
Introduction Composition scheme under GST law is for small businesses. This is to bring relief to small businesses so that they need not be burdened
Prateek Agarwal 15/05/2021
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Introduction Composition scheme under GST law is for small businesses. This is to bring relief to small businesses so that they need not be burdened
Rules for GST are same for individual freelancers as well as partnership firms, LLP, Companies etc. These same rules apply to self-employed professionals whether providing
When a buyer receives an invoice from the seller, he expects it to be accurate with all the necessary details and an easy to read
What is a Proforma Invoice? Pro forma Invoice is a document similar to invoice regarding the particulars of the goods/services yet to be delivered to
What is a POS software? POS stands for Point of Sale. A point of sale system, or POS, is the place where your customer makes
Meaning of Seafarer A sailor, seaman, mariner or a seafarer is a person who navigates water bone vessels or assists as a crew member in
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
A registered taxpayer may change its constitution vide sale/ amalgamation/merger/demerger/transfer of business. In such condition registered taxpayer has available matched Input Tax Credit (ITC) in
New standard procedures issued by the CBIC requires the proper officers to issue a notice under GSTR-3A within 5 days of due date of return.
Introduction The GST Act does not define anything like Inverted duty structure. The term ‘Inverted Tax Structure’ refers to a situation where the rate of
In this article, we will discuss about the applicability of GST on Rental Income from renting the commercial property as well as residential property, and
Introduction As per the GST Act, Cab services are taxable services. When services are provided via cab aggregators like Ola or uber then also GST
A complete guide to file form no. 61, 61B and 15CC. The use of these forms are Form 61 – Filing of details regarding form
Legal representative/heir of the deceased person is require to file the income tax return on his/her behalf. In most cases, spouse or eldest son/daughter assumes
Deductor can request a refund for excess TDS deposited by him via TRACES for the financial year 2007-08 onwards. An online utility is available for
As per Section 195, any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest (not being
If you don’t know what is depreciation then you can read about it here – What is depreciation and common methods/types of depreciation. Basics of Depreciation
Rates has been changed for financial year 2017-18 and onwards. Now the maximum rate of depreciation is 40%. S No. Asset Class Asset Type Rate
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