We are not taken other income of f y 19 20 in monthly gstr 1 so can we take the same in sept 20 gstr 1 return - GST
On the GST front, there were quite a few changes and updates in the month of November. You can read all the updates here: Top GST News of the Month. Also, we have covered a detailed article for you about the 55th GST Council Meeting. Apart from these, there are other major GST upda...
There are certain services on which GST applies along with the provisions of TDS under income tax. TDS should not be calculated on GST amount, in some cases where payment terms is set as 100% advance, full order value has to be paid as advance payment. In such cases, amount paid t...
GT Tax Solution is an online portal which aims to provide all News and Updates of GST, Income Tax, Customs and other laws in India. View Full News of GST & Income Tax.
TaxHeal is a complete portal for latest Updates and Information on GST, Income Tax Return, Tax Saving, GSTR etc.It also provides Book for CA,TAX exams.
Goods and Services Tax is the tax levied by the Indian Government on the procurement of goods or services in the country. The tax was introduced in the year 2017. The tax has replaced all the other indirect taxes, like Value Added Tax (VAT), and compressed them into a single tax. GST...
In other words, there will be 6% tax imposed on all goods and services with some exception on certain items. Therefore, RMCD shall look after GST governance to ensure that taxable entities are continuously complying with all the regulations enforced under GST Act 2014, GST Rules 2014 and GST...
Overview on bonds under Section 54EC & Taxation aspects Section 54EC bonds, commonly known as capital gain bonds, are an effective way for investors to save on long-term capital gains (LTCG) tax. If you sell a capital asset like real estate, shares, or other qualifying assets and make a...
Log in to the GST portal of India (services.gst.gov.in). Then, click on the ‘New Registration’ tab 2. Share Details Enter all the required details, which include name, number, email ID, and other details. Verify the details using the OTP that will be shared on your mobile number ...
GST is generally considered to be aregressive tax, meaning that it takes a relatively larger percentage of income from lower-income households compared to higher-income households.7This is because GST is levied uniformly on the consumption of goods and services, rather than on income or wealth. ...