Businesses that supply goods through E-commerce can register under Composition scheme Businesses with an annual turnover up to Rs 1.50Crores can opt into the composition scheme. Registration limit of E commerce operators Supply of goods -Rs 40 Lakhs (Rs 20 Lakhs in some Northern eastern states) Supply of services Rs 20 lakhs
The Goods and Services Tax (GST) has been a pivotal tax reform in India since its inception in July 2017. It has not only streamlined the taxation system but also played a crucial role in the country’s economic growth. To keep pace with changing economic dynamics and to address the concerns of various stakeholders, the […]
Incidence of Income tax on Trust Indian Trust Act 1882 is an act related to private trusts and trustees.Public charitable trust can be formed by registering as a trust by executing a trust deed or as a society under the registrar of societies.Private charitable societies can be formed under sec 8 of companies act 2013. […]
Due Date Extension of ACTIVE Form INC-22A The Ministry of Corporate Affairs,GOI, has made it mandatory for all companies registered before 1.1.2018 to file Active Form 22A on or before 25.04.2019 which is now extended to 15th June 2019. The rule 25A (!) and (2) of the Companies (Incorporation) Rules 2014 are accordingly changed.
GST Council clears transaction plan for tax cut
Companies (cost records and audit) Amendment Rules, 2018 Dated 3.12.2018 GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 3rd December, 2018 G S R………………… (E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 and section 148 of the Companies Act, 2013 (18 of 2013), the Central Government hereby […]
This notification amends rule 96(10) to allow exporters who have received capital goods under the EPCG scheme to claim refund of the IGST paid on exports and align rule 89(4B) to make it consistent with rule 96(10) In the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the said rules), in rule […]
Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 Press Information Bureau Government of India Ministry of Finance 17 APR 2018 3:07PM by PIB Delhi Doubts are being raised about the manner of filing the quarterly return by composition dealers in FORM GSTR-4. In particular, there is a doubt […]
Advisory for Taxpayers to file Refund for Multiple Tax period 16/10/2018 Refund application filing for multiple tax period is available for below grounds of refund: a.Export of Goods & Services-Without payment of Tax b.Export of services with payment of tax c.Supplies made to SEZ Unit/SEZ Developer-Without payment of Tax d.Supplies made to SEZ Unit/SEZ Developer-With […]
