Time of Supply of Service under Goods & Services Tax (GST)

Time of Supply of Service under Goods & Services Tax (GST) We will discuss here on time of supply of service under the normal charge and under reverse charge mechanism. Time of supply is the very important topic as it will determine when the liability to pay tax on service shall arise.

Direct taxes code task force to be reconstituted

Direct taxes code task force to be reconstituted The government will reconstitute the task force that was set up in November last year to draft a new direct taxes code. The existing panel, with Central Board of Direct Taxes member Arbind Modi as convenor, could not submit a report following disagreements on various aspects.

Google now limits third-party app access to users’ data

Google now limits third-party app access to users’ data E-commerce companies, financial technology platforms and other startups received a rude shock from Google’s decision to limit the degree to which mobile app can access users’ data logs and texts, ending an era of a barrier less ecosystem for developers.

Get rewards from the government for paying tax

Get rewards from the government for paying tax The government is looking to put in place an incentive programme to rewards and recognize honest taxpayers to encourage a culture of compliance. A committee has been set up under Central Board of Direct Taxes (CBDT) to draw up the scheme.

Is extension of due dates – A tool of politics in India

Is extension of due dates – A tool of politics in India As an accountant in the industry, I realize that the main reason of extension of due dates of filing of tax returns in India almost every year is simply due to exemption of interest on balance tax paid by the due date or […]