Selection of Core Business Selection on GSTN Portal for Registered Taxpayers – Recently GSTN has introduced a facility to identify core business activity from one of the below options – A. Manufacturer B. Trader C. Service Provider and Others One…
The Purchase & sales returns are common in day-to-day business transactions. This concept is treated in a slightly different manner under GST Act 2017. Purchase Return: The purchase return is the return of the goods by the customer to the…
Sub-rule (4), (5) and (6) were inserted in Rule 48 (Manner of issuing Invoice) of the Central Goods and Services Tax Rules, 2017 (“CGST Rules”) vide Notification No. 68/2019 -Central Tax dated 13th December, 2019 in respect to generate e-invoice as…
Introduction Chapter XXII (Section 275 to 280) deals with offences and prosecutions under the Income Tax Act, 1961. Section 234 A, 234 B and 234 C deals with levy of interest. Further, there are certain provisions which determine penalties for…
1. Stranded Resident Indians The taxability of a person depends upon his/her residential status in that particular financial year in a particular country. As per section 6(1) of the Income Tax Act, 1961, a person is considered as a resident…
Buying property is dream come true for buyers. Every person wants to earn and purchase property which he or she can own in his or his family members and loved one name. Buyers invests his hard-earned money in buying property…
