For example, if a 2% prepayment fee is imposed on a personal loan amount of ₹50,000 by your lender, the fee of the prepayment would be ₹1,000, and the total payable amount would be ₹1,180, including an 18% GST. No GST on Interest Rates When determining a lender, the inte...
The Court did not accept that WL instructed lawyers and received the legal and other services on behalf of the Trust – rather, the Court concluded that he did so for and on behalf of the individuals or entity that was party to the proceedings. The Court also did not accept that the L...
(collectively the "Real Property") or attributable thereto or on the rents, issues, profits or income received or derived therefrom which are assessed, reassessed or levied by the United States, the State of California or any local government authority or agency or any political subdivision ...
Examining the Eligibility of Credit Co-operative Societies for Deduction on Interest from Co-operative Bank Deposits Upholding Arbitral Autonomy: Supreme Court Clarifies Scope of Judicial Interference u/s 11 Draft Assessment Order Regime: Navigating the Multi-tiered Assessment Process and Distinct Nature ...
In simple terms, Goods and Service Tax (GST) is an indirect tax levied on the number of goods and services. This law has followed many indirect tax laws that previously endured in India. Indirect tax is not required directly on the interest of individuals. Rather, it is inflicted on goods...
GoM has decided that there must be a new MRP rule which must state that all the packaged products having MRP on them should be included in the GST in the price itself. MRP is the maximum price which can be charged by a trader from the customer but in some cases, GST was been collect...
You can register on the portal of e-way bill namely http://ewaybillgst.gov.in by using your GSTIN. E-way bill is required to be generated only where the value of the consignment exceeds Rs. 50,000 which includes tax, but doesn’t include value of exempted goods. ...
Section 80EEB| Deduction in respect of interest payable on Loan taken for Purchase of Electric Vehicle Aadhaar verification or Physical verification of premises mandatory for GST registration from 21.08.2020 Download Table 8A of GSTR-9 under new GST facility...
Although I realise that I am one of your smaller clients, I have always been very pleased with the service I have received from you over the years. I should also mention that whenever I call your office, any enquiry is dealt with quickly, effectively and professionally by your staff. I...
The date when goods were received The date when payment was made The date immediately after 30 days from the date on which the supplier has issued the invoice If it is still difficult to determine the actual time of supply, then the time of supply will be considered as the date that the...