A Study on Cost of wind mill for allowing depreciation Cost of any plant and machinery, in view of author, must include all related costs which are essential to put and keep machine in a suitable working condition with proper arrangements for its up-keep, repair and maintenance. Therefore, the following costs can form part of […]
Basics of Non Government Organisations Across the world, governments are largely choosing the role of welfare state, i.e. taking case of the well-being of the people at large. Government, with limited resources and limited functionaries, cannot reach the people in every nook and concern of the society.
How GST is pocket friendly for you GST council has agreed on rate structure as 0%, 5%, 12%, 18% and 28%. Having a slab rate structure in GST is departure from popular international practice of having one rate of tax for all goods and services.
GST rate structure finalised, panel fixes rates at 5%, 12%, 18% & 28% “Tobacco will fetch 28% sin tax, excluding cess. Aerated drinks will also fetch tax at the same rate,” said Jaitley.
Point of taxation under reverse charge Rule 7: Point of Taxation Rules, 2011 Notwithstanding anything contained in rules 3,4, or 8, the point of taxation in respect of the persons required to pay tax as recipients of service under the rules made in this regard in respect of services notified under sub-section (2) of section […]