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What is Presumptive Scheme under GST?

July 19, 2019

The Central Board of Indirect Taxes (CBIC) has notified a New Scheme in GST vide Notification No. 2/2019 Central Tax (Rate), dated March 7, 2019

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Section 194M of the Income Tax Act : A Complete Analysis

July 12, 2019

Budget 2019 has proposed a new Section 194M, which requires an individual or a HUF, to deduct TDS @ 5%, where they make payment

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TDS on Rent of Property : Section 194-IB

June 18, 2019

An individual or HUF paying rent of more than Rs 50,000 per month is now required to deduct tax at source (TDS). The government recently

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14 Key Facts about Input Tax Credit (ITC)

June 11, 2019

Input tax credit (ITC) is an integral part of the Goods and Services Tax (GST). Chapter-V of CGST Act, 2019 predominantly talks about Input Tax

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Concept of TDS under GST

June 11, 2019

1. TDS under GST: Who is the Deductor & Deductee? GST Council in its 28th meeting held on 21.07.2018 recommended the introduction of TDS from

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What is “Supply” under GST Act – [Updated for May/June 2019]

April 13, 2019

Before the introduction of GST Act, there were different kind of taxes over different points e.g. Excise duty on “Manufacturing”, Service Tax on “Provision” of

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Refund Procedure Under GST

March 19, 2019

To get the refund of GST amount the registered person (taxpayer) has to follow the procedure mentioned under section 54 of the CGST Act, 2017.

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Penalties for Under Reporting & Misreporting [Section 270A]

March 18, 2019

Under the Income-tax act there might be various type of defaults or frauds etc and consequently, there is also various type of Penalties. There is also

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