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 […]
EXEMPTION FROM GST There is no separate meaning for goods or service under GST . Section 3 defines the term ‘supply’meaning of Supply is same in both of the goods and service. The provisions of Finance Act, 1994 and Central Excise Act, 1944 and State Value Added Tax laws give powers to the respective Government […]
Impact of GST on Automobile Dealers Industry The Indian auto industry is one of the largest in the world. The industry accounts for 7.1 per cent of the country’s Gross Domestic Product (GDP). Almost 13% of the revenue from central excise is from this sector and claims a size of 4.3% of total exports from […]
Do you know your financial rights? As we know that the country is celebrating its 68th Republic Day,here we lists the fundamental financial rights and duties every investor and taxpayer should not only be know of, but also act upon whenever necessary.