DISCLAIMER:This is strictly my personal opinion. The above discussion cannot be considered as our professional or legal advice. Users shall consider legal provisions or take advice from experts before taking action on it. Published by CA Amit Harkhani ...
This type is used to offset the Tax on Purchase account set up on your reverse charge tax type of UTGST, which is under reverse charge and nonrecoverable. It is always used together with ReverseCharge_UTGST and Nonrecovery_UTGST. You must define the tax account for purchase. Offset_GSTCes...
As GST on fringe benefits is a commonly overlooked issue which could lead to inadvertent GST errors made in the filing of the GST returns, this article focuses on the GST treatment for goods and services provided by a GST-registered employer to its employees in the form of fringe benefits. ...
H: Foreign Currency Refund Claims Cannot Be Rejected Solely On Receipt Ti... H: Constitutional Validity of GST Circulars Upheld Against Procedural Cha... H: GST Refund Claim Must Be Processed Promptly After Verification, Follow... H: Foreign Affiliate Seconded Employee Services: Rule 28 Sets Inv...
All employees earning below this wage limit must be registered under the ESI scheme, which provides benefits like medical care and social security for both the employee and their family. Any factory or establishment employing 10 or more employees is liable to register under ESIC and ensure that ...
Rajat Mohan, senior partner, AMRG Associates said that “Financial year is drawing close and tax officers are expected to initiate recovery proceedings and enforcement action against taxpayers allegedly flouting tax norms with the aim to pep uptax collections.” ...
December 2, 2019Resham Aswani (Ex-Employee)GST India, Latest & Trending GST News 4 Minutes Read Finally, a rise in Goods & Service Tax (GST) collection in the month of November to INR 1.03 lakh crore has brought good news for GST officials who have been constantly working for measures ...
Eligibility for GST registration – whether Applicant an employee or independent contractor – employment characterisation –“labour hire” arrangement – significant degree of control practical not contractual – significant piece of equipment provided by Applicant – relevance of self-characterisation by par...
on community project supplied by a registered business ... 31 Input tax claim on tripartite arrangement 32 MANNER TO CLAIM INPUT TAX 33 Documents Needed in Claiming Input Tax 33 Return 35 ACCOUNTING FOR TAX 35 Accounting Basis 35 Invoice Basis 35 Payment Basis 36 Offsetting Input Tax against ...
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