SERVICE OF NOTICE UNDER MODEL GST ACT In the course of time the GST Authorities may take various decisions, issued orders, issued summons, notice or other communications to the assessee or other required persons. The service of communication of any sort is to fulfill the requirements of principles of Natural Justice. Serving the same is […]
GST – Simplified Meaning GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The […]
A Guide for Buying Resale Property Live in a house of their own is dream of everyone ? But it takes a long time to buy a new one , so some of us may wish to settle for buying a resale property. However buying a resale property could involve many legal and other procedural […]
Definition First and second stage dealer in GST We are continuing our discussion on the definitions given under Section 2 of revised GST law and comparing the same with old model GST law to know the changes made in revised law:- Section 2(46): First Stage Dealer: The new definition reads as follows: First Stage Dealer […]
How to pay less income tax post Budget 2017 and beyond It is said that nothing in this world is certain except for death and taxes. However, you can soften the blow from the latter, legally of course.It starts with knowing the difference between your salary income and total income and includes minimizing tax on […]