gst
Startups
How to Create a Successful Partnership Agreement for Your Startup
Starting a prosperous business is rarely a solo endeavour - most flourishing startups are built on strong partnerships. Whether you're joining forces with a co-founder, bringing on an investor, or forming a strategic alliance,...
Income Tax
Due Date Calendar for June’2021
A) Due dates for Compliance under Income Tax
7 June 2021 - Due date for deposit of Tax deducted/collected for the month of May, 2021. However, all sum deducted/collected by an office of the government...
GST
GST UPDATES IN UNION BUDGET 2021
GST UPDATES IN UNION BUDGET 2021
The Finance Bill 2021, have proposed certain progressions in CGST Act, 2017 and IGST Act, 2017 to track input credit frauds and to secure Government incomes. Few amendments will...
GST
RCM under GST applies to remuneration to employee director u/s 194J and not u/s 192 – Clarifies CBIC!
Introduction
Under the current GST Law, remuneration given to a Director (by whatever
name given) is a taxable service chargeable under Reverse Charge Mechanism
(‘RCM’) for levy of GST1.
On the other hand, an employee performing his...
GST
Loophole in GST refund application on Portal
Rule 89(4)
In the case of zero-rated supply of goods or services or
both without payment of tax under bond or letter of undertaking in accordance
with the provisions of sub-section (3) of section 16 of...
GST
PMT 09- For rectification of GST dues paid under wrong head
CBIC via
notification No. 31/2019 dated on 28th June 2019 introduced form
PMT-09 to save the registered taxpayers
from blockage of business fund that occur during the period of refund
application of excess balance in the electronic cash...
GST
GST on E-commerce operators
GST (Goods and Service Tax) has been imposed on supply of goods and services.
GST on E-commerce operators remains the same as any other mode of supplies
This article is helpful to those who want to...
GST
E-way Bill
Electronic Way Bill is a unique document which is system generated or generated electronically for consignment of goods from one place to another. It may be either inter-state or intra-state, as such a person...
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