Free of cost dilemma solved: We all love free stuff. I mean who doesn’t want. For instance, a shoe at Rs.250, or selling a shoe of worth Rs.500 at 50% discount i.e. at Rs.250. Most of the People will buy the (2). But the question arises at what we have to pay GST at Rs. […]
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Composition scheme: Any taxable person whose aggregate turnover in the preceding financial year is less than Rs. 1.5 Crores from April 1, 2019 (less than Rs. 75 lakhs for North Eastern States) can opt for a simplified GST composition scheme. In composition scheme under GST, tax will be payable at a concessional rate on the […]
Read morePermanent Account Number (PAN) card, is a unique 10-digit alphanumeric identity allotted to each taxpayer by the Income Tax Department under the supervision of the Central Board of Direct Taxes (CBDT). The main objective of PAN is to use a universal identification key to track financial transactions that might have a taxable component to prevent […]
Read moreLinking PAN with Aadhar has been made mandatory by Government of India and the last date is extended to 31st march 2022. After that the unlinked PAN Card will become useless. What is PAN? Permanent Account Number (PAN), is a unique 10-digit alphanumeric identity allotted to each taxpayer by the Income Tax Department under the […]
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Be alert! Beware About Tax What you must do before 31/03/2019 Compliances under GST 1.GST monthly return Without Late Fee, last date to file GSTR-1, GSTR-3B or GSTR-4 for period from July 2017 to September 2018 is 31st March 2019. Changes, rectification and amendment in the invoices uploaded during FY 17-18 in GSTR-1 cannot be […]
Read moreIn 31st GST Council meeting, the government has furthur decided to extend the due date for filing form for annual Return GSTR-9, form GSTR-9A and form GSTR-9C till June 30,2019 . GSTR 9 form is an annual return to be filed once in a year by the registered taxpayers under GST including those registered under […]
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