Latest Change In GSTR-3B as Government simplifies filing The government on Wednesday came out with a simplified version of GSTR-3B , making it more user-friendly amidst indications that it may possibly be used even beyond March 31. According to a note prepared by PwC, GSTN has made the following key changes in the process of […]
Non-Filing of the Income Tax Return – Consequences 31st March’ 2018: The last date for Income Tax return u/s 139(4) for Financial Year 2015-2016 & 2016-2017. Many people have a query that what will happen if we do not file the Income Tax Return by the aforementioned deadline. There are many benefits of filing the […]
GST on cryptocurrency transactions The objective of this article is to keep it short and sweet. This is solely based on my understanding of GST legislation. If you differ with me for any reason, please let me know the reasons. Since the topic is debatable, multiple viewpoints are possible.
194IB – effects on Landlords and Tenants Finance Act 2017 dropped a bomb on the normal rent paying individuals in the form of section 194IB where an Individual & HUF paying a monthly rent of Rs. 50000 or above has to deduct the TDS at the rate of 5% from the total rent payment during […]
Alteration in memorandum of association Memorandum of association is the charter of the company and defines the scope of its activities. Memorandum of association defines the relation of the company with the rights of the members of the company interest and also establishes the relationship of the company with the members.
Composite and Mixed Supply as per CGST Act 2017 Here I would like to share with all of you basic understanding of Composite and Mixed Supply . What is Composite Supply under GST? What is Mixed Supply under GST? Composite Supply: Composite supply is when two or more goods are sold in together with combination. […]
How GST effected Income Tax GST, or the goods and service tax, has become a reality in India now. This could be called the biggest reform in the history of our nation, especially in the Indirect Taxation where around 11 types of taxes would be incorporated into a single tax. There are no doubts in […]