GST Action Points for Current Financial Year The first financial year of GST regime is coming to an end next week on 31.03.2018. This is also the year of transition or migration of old indirect tax regime (VAT, Service Tax, Central Excise and other taxes) into goods and services tax regime (GST).
How to Register Sole Proprietorship Firm in India? The sole proprietorship Firm type is the favorite business form for the small entrepreneurs. It simply allows starting a firm with small capital, short time frame. It requires a very simple process with minimal legal compliance and formation costs. Most of the local offline businesses prefer proprietorship. […]
Determination of Time of Supply of Goods The liability to pay tax arises at the Time of Supply of Goods, time of supply is determined as per the below provisions: Time of Supply of Goods shall be earlier of the following dates: Date of Invoice – Invoice should be issued either before or at the […]
Save tax by Creating a HUF? However, if the Income Tax Act, 1961 provides legal opportunities to save Income tax, it will not be prudent if you are not taking benefits of such HUF provisions.If you are a born Hindu or a Sikh or a Buddhist or a Jain,
How to file Income Tax Return easily Income tax return filing is a mandatory process that the assessee should carry out with due care. However, the otherwise basic and simple process becomes cumbersome with the lack of knowledge. Read on to know How to file Income Tax Return easily that will make income tax filing […]
Online filing of Letter of Undertaking under GST Much awaited process: ‘Filling of Letter of Undertaking under GST in now became online’. This is surely a good step towards automation of process under GST.
Inter and Intra State Supplies under GST As per Section 5 of IGST Act, Integrated Goods and Service Tax (IGST) will be levied on all inter-state supplies of goods or services or both. As per Section 9 of CGST Act, Central Goods and Service Tax (CGST) will be levied on all intra-state supplies of goods or […]