Form GSTR-2 – Taxpayers,check the details of purchases All the taxpayers are going to furnish the Form GSTR–2 for July month. So what is exactly Form GSTR–2? Form GSTR-2 is the details of inward supplies of goods or services which is to be furnished by registered taxpayer on a monthly basis. The GSTR-2 would be […]
GST ON SOCIETY CHARGES GST Update on “society charges” collected by builder:- A builder is supposed to collect an amount for repairs and maintenance of flats. This collection is being kept in a separate account dedicated for the purpose. Until the residential housing society is formed, the expenses for repairs and maintenance of flats are […]
Impact of GST on the Gold Jewelry Industry The GST on the Gold Jewelry Industry has been fixed at the rate of 3% of its sale value. Though this is slightly more than the tax attracted by gold earlier, it is less than the 5% rate that was being anticipated initially and is likely to […]
Employees’ Provident Fund – All you need to know The Employees’ Provident Fund (EPF) is a savings tool for the workforce. It is a scheme managed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, by the Employees’ Provident Fund Organisation (EPFO).
Why are relaxed invoicing norms not good for consumers? When the relaxed invoicing norms laid down initially for retailers Govt. had a plan for the consumers where they tried that every consumer has the right to know how much tax they have paid on which item.