Do Mutual Funds investors need to alter their portfolio before GST ?

Do Mutual Funds investors need to alter their portfolio before GST ?
India’s tryst with the Goods and Services Tax (GST) on July 1 is making some mutual fund investors nervous. They have been asking

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Anti -Profiteering Rules , 2017 – An Overview

Anti -Profiteering Rules , 2017 – An Overview
Section 171 of the Goods and Services Tax Act, 2017 (‘Act’ for short) provides for anti-profiteering measure. Section 171(1) provides that any reduction in price of supply

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LLP registration in India

LLP registration in India
The whole idea of Limited Liability Partnership (LLP) is very common in India. This specific partnership pinpoints the fact that some partners in a partnership may have limited liabilities. Importantly, under

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How GST complicates the employee-­employer relationship

How GST complicates the employee – ­employer relationship
“How would you treat a car given to employees for their use under GST (goods and services tax)?” a tax head of a car company asked me.
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Assessments under GST

Assessments under GST
Type of Assessment

Self Assessment
Provisional Assessment
Scrutiny Assessment
Summary Assessment in special cases
Assessment of Non Filers of return
Assessment of unregistered Dealer

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Paying Rs 50,000 rent? Better cut 5% TDS

Paying Rs 50,000 rent? Better cut 5% TDS

Individuals who are paying a rent of over Rs 50,000 every month  required to deduct TDS at 5%. The related section in the Income Tax Act

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