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In the interest of taxpayers, the Ministry of Finance has decided to extend the due date for filing of return in Form GSTR-3B for the month of April 2018. This is among many forms that traders, exporters or industry have to file under the Goods and Services Tax (GST)...
Photo credit:newsworldindia.in Income Tax Exemption limit is Rs.2,50,000/- After that, up to 5 Lakh, Tax rate is 5% (earlier it was 10%) Payment of Rent - Rs.50,000 per month by any Individual or HUF (not subject to Tax Audit requirement) - Deduct TDS @5%. Cess levied...
‘Export’ and ‘Supply to SEZ units’ collectively termed as “Zero-rated Supply” under GST. Therefore the Procedures for ‘Export’ and ‘Supply to SEZ without charging tax’ are similar ( Form GST RFD 11 )A registered person making zero-rated supply shall be eligible to...
What is Goods and Services Tax ?
GST is a destination based tax on consumption of goods and services. It is proposed to be charged at every stage right from manufacturer up to final consumption with credit of taxes paid at previous stages available as set off. To sum up, just the value addition will be subject to tax and the major burden will be borne by the end consumer.
What is CGST ?
What is HSN Code?
What is SGST ?
What is IGST ?
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