Nov 172018

Detailed analysis of credit notes and debit notes under GST Meaning of terms Financial credit notes: A taxable person may issue a credit note reducing the value of original supply without tax attributable to the reduction claimed. Such credit notes [Read More]

Nov 152018

Auidt under GST: person covered and annual return to be furnished Meaning of Audit in GST: The definition of Audit given in Section 2(13) of Central Goods and Services Tax Act, 2017(CGST Act) as “audit means the examination of records, [Read More]

Nov 132018

Exemptions for charitable trust : GST Exemptions available to charitable trust: Exemption from Section / NN Summary of exemption Income Tax Section 11 and Section 13 Complete exemption of income from tax net GST NN 12/2017 Central Tax (Rate) NN [Read More]

Oct 052018
Due dates for the Month of October 2018

Due dates for the Month of October 2018 7th Income Tax – TDS Payment for September 10th GST – Details of outward supplies of taxable goods and/or services effected – GSTR 1 for September – Return for authorities deducting tax [Read More]

Sep 242018

Taxability of gifts under income tax act Meaning of gifts: The gifts were taxable earlier till 1st October, 1998 under the Gift Tax Act, 1958. The provisions regarding receipts without consideration have been introduced w.e.f. 1st September, 2004. Since most [Read More]