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Goods and Service Tax

A Study on Apportionment of ITC in Cases of Business Reorganization

dateJun 04, 2020
timeReading Time: 4 Minutes

With regard to the apportionment of ITC in cases of business reorganization, CBIC has provided circulation by issui...

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Income TaxLatest News

CBDT: Specified Income Exempted for Uttarakhand Environment Protection & PCB & Cochin SEZ Authority

dateJun 03, 2020
timeReading Time: 3 Minutes

According to the Notification No. 28/2020, the Central Board of Direct Taxes (CBDT) on Wednesday 28/5; reports the...

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Goods and Service Tax

A Coast-to-Coast Coverage of E-Invoicing in GST

dateJun 03, 2020
timeReading Time: 4 Minutes

E-Invoicing in GST is the submission of a digital invoice for goods and services on a common portal. The invoice go...

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Goods and Service Tax

Composition Scheme under GST- The Next Big Thing

dateJun 02, 2020
timeReading Time: 4 Minutes

GST council has introduced a composition scheme under GST to reduce the costs for small taxpayers, along with simpl...

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Music License
Goods and Service Tax

GST on Legal Services in India: Taxability of Legal Services under GST

dateJun 01, 2020
timeReading Time: 6 Minutes

Before addressing the applicability of GST on legal services in India, let's begin with the basic understanding of...

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Latest NewsTaxation

CBDT on Annual Information Statement: New Avatar Form 26AS

dateMay 30, 2020
timeReading Time: 4 Minutes

Assembly income tax return treating and assessment simpler and more operative, the income tax department has refurb...

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Goods and Service TaxLatest News

GST Applicability on Works Contract for NCBS & Food Services for Exempted Institutions: AAR

dateMay 29, 2020
timeReading Time: 4 Minutes

Consumption of goods and services is intended by GST based taxes. Starting from manufacture up to final consumption...

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Goods and Service Tax

Anti-Profiteering Measures under GST: A Spirited Defense against Temporary Inflation

dateMay 29, 2020
timeReading Time: 4 Minutes

The purpose behind enacting Anti-Profiteering Measures under GST was to restrict entities from earning huge profits...

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Income Tax

ITAT: On Excused Absence, Plea U/s 12AA & Reflex Disallowance: Income Tax – May, 2020

dateMay 29, 2020
timeReading Time: 5 Minutes

Reliefs have not been declined merely on support of technicalities or payment that has been discharged in cash in t...

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Goods and Service Tax

GST on Transportation- Applicability & Exemptions

dateMay 28, 2020
timeReading Time: 5 Minutes

The GST on transportation is applicable on goods along with the passengers pursuing their journey through the roadw...

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TaxationTrust

Forfeiture of Exemption of Incomes of Charitable Institutions U/s 13

dateMay 27, 2020
timeReading Time: 8 Minutes

Are you aware that charitable institutions may be impacted by loss or giving up something as a penalty for wrongdoi...

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Goods and Service Tax

A Complete Outlook on Job Work under GST Regime

dateMay 26, 2020
timeReading Time: 4 Minutes

Job work under GST means any treatment or process initiated by an individual on goods belonging to a registered ent...

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Income Tax

CBDT Notice on Refunds Release & Welfare fund Eligibility for IT: May, 2020

dateMay 25, 2020
timeReading Time: 3 Minutes

On 1st April, 2020, the Central Board of Direct Taxes (CBDT Notice) has disclosed the fact that they have released/...

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Goods and Service Tax

GST on Food Services and Food Items: All that you need to Know

dateMay 23, 2020
timeReading Time: 4 Minutes

GST on food services came to the fore, and still, food businesses are unable to adjust themselves according to the...

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