Tax is mandatory fee charged upon individual or corporations by State and Central Government. However, it also builds economy of country by various public expenses. Taxes are broadly divided into two types such as Direct and Indirect Taxes. Would you […]
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Government Norms for rectifying GST returns relaxed
Finance Ministry has allowed companies and businesses to adjust their monthly returns under GST. Every companies has to rectify mistakes in their monthly returns GSTR-3B and adjust tax liability will help them to move correct returns file without fear of […]
Continue reading »How GST is charged on under construction Properties
In recent development, Central Broad of Excise and Customs issued clarification related to GST charges on under construction and ready to move in property. GST was implemented on July 1, 2017. GST is payable only on under construction houses. Read […]
Continue reading »E-Way Bill under GST Rules and Compliance
Under GST, transporters will need to carry an electronic way bill or e-way Bill when moving goods from one place to another. Thus, it is new rule introduced under GST, it is necessary for all transporters to be aware of […]
Continue reading »Govt will take steps to address concerns of SMEs
GST Council will take right steps to address their concerns. Government is trying to look at steps to improve the compliance burden of SMEs. Compliance burdens on banks and insurance firms are set to rise under new indirect tax regime. […]
Continue reading »GST Council cut rates on 150-200 items to file single return
GST Council is expected to cut rates on 150-200 items from 28% slab. This change is set to be approved as well as simpler procedure for filing of tax returns for SMEs. As per meeting, you have to make single […]
Continue reading »How can file income tax returns offline
Most confusing question in your mind is how to file income tax return online or offline. We are giving here details about ways to file income tax return. You can choose whatever way you want. But you must file income […]
Continue reading »How to check status of income tax return?
Have you checked your Income Tax Return status? To know how to check income tax return status you need to know about basics of income tax return filing. On other hand there is option to check Income Tax Return status […]
Continue reading »GST taxpayer division base between Center and States
GST council has prepared framework for division of taxpayer base between center and state. Division of Taxpayers in each state level will be done randomly by computer using random sampling that to ensure there is no selection or exclusion for […]
Continue reading »No GST if monthly maintenance charges of CHS are up to Rs. 5, 000
GST charges apply only on some goods and services throughout India as GST or Goods and Services Tax is a tax which is for one nation and one tax. This is the reason that many products come under new GST […]
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