GST Largest Revolution in Indirect Taxation What is GST? How it is different from previous taxes? GST stands for Goods and Service Tax which would be charged in place of indirect taxes which are charged on manufacture, sale and consumption of goods and also on the services. The main objective of the Act is to combine all the taxes and make it one and charge so that the compliance procedure becomes simple and remove the limitations of the current tax structure....

The historic Goods and Services Tax (GST) regime would have already been rolled out, with effect from July 1st 2017. Our Prime Minister said recently on the GST preparedness that it is indeed a turning point in the country’s economy and unprecedented moment in the country’s history. The implementation of this biggest tax reform since independence in the spirit of One Nation, One Market, One Tax will benefit our national economy....

The historic Goods and Services Tax (GST) regime would have already been rolled out, with effect from 1st July 2017. Our Prime Minister said recently on the GST preparedness that it is indeed a turning point in the country’s economy and unprecedented moment in the country’s history. The implementation of this biggest tax reform since independence in the spirit of One Nation, One Market, One Tax will benefit our national economy....

GST TRAN 1 Do’s In case due to validation failure, you receive error as “Processed with Error/ Error occurred“, do ensure to rectify those errors before taking any further action. Any record with status Processed with Error is not part of declaration.All eligible credits as per CGST/SGST acts and rules should be claimed.Ensure to check that the pre-GST registration number is properly updated before proceeding with filing of TRAN-1. Only pre-GST registration numbers updated in non-core registration fields are allowed to be declared in TRAN-1....

This means, while others might also hire out vehicles for goods transportation, only those issuing a consignment note are considered as a GTA. Thus, a consignment note is an essential condition to be considered as a GTA. Ajay hired a GTA to transport his goods. The consideration charged was Rs. 1,200. Will Ajay pay GST? Ajay will not pay GST under RCM as the consideration for transportation of goods on a consignmenttransported in a single carriage is less than Rs....

Some of the actresses have such a huge fan following in the industry as that Hande Ercel. Hande Ercel has amazing fans on social media, she is the most followed Turkish actress and has over 26 million fans following on Instagram. She gained an amazing fan following as her lead role Hayat Uzun in the serial ‘Aşk Laftan Anlamaz, this series changed her life and Hande Ercel achieved huge success in Turkey as well as in Latin American countries, South Asia, and the Middle East....

Here we will discuss about his Career as an Indian Cricket Team player, his achievements and records, businesses and most importantly his earning and net worth. Mr. Harbhajan Singh entered cricket as a right-arm fast-medium bowler and also is one of the all rounder Of the Indian Cricket team. He also plays in the Indian Premiere League team, Jalandhar Indians team where he is regarded as one of the most important player in the team....

He came to sound Amerca with his seven brothers who had come from Germany. His family started Its own business only three years after reaching there. First, one shop opened then another shop and while doing this, he spread a network of supermarkets all over Chile once it became the biggest retail company of the country , he started expanding his business outside Chile in South America. Also check, Matt Doran Net Worth and Collin Chou Net Worth....

Tally Prime is the upgraded version of Tally ERP 9, which offers the simplest way to manage your financial transactions and records. Tally solutions provide various products to download for business or educational learning and practising. However, it requires a license to use tally software for business which needs to be purchased. Difference between Paid and Free version of Tally? How to download Tally Prime Software? Depending on your location,...

However, not every college student has enough money to spend on lavish accommodation or the options for housing York University or whichever university you’re off to can provide. If you’re like the majority of undergrads, you may have to pinch pennies or even take jobs after school to help pay for rent and utility bills. Fortunately, there isn’t a shortage of student housing and accommodation you can look into no matter what your budget is....

How to Prepare and answer Case Law based questions? Where are the questions taken from? The Institute publishes a separate book titled “Select Cases in Direct and Indirect Tax Laws- an essential reading for Final Course” which contains the summary of recent case laws which are of utmost importance to enable students to appreciate critical issues in interpretation and applying provisions to practical situations. The relevant book for the November 2016 CA Final exams is the August 2015 edition....

When it comes to how customers may pay you online as a company owner, you should have various options available. There are a variety of online payment systems, and many of them charge processing fees. These costs may increase or decrease based on the number of payments you handle. This is fantastic news for local companies who are set on expanding their customer base and anticipate doing a significant amount of business online....

To read more about the ICAR AIEEA exam 2021, click here ICAR AIEEA Counselling 2021 The online ICAR AIEEA counselling will be expected to be held on or after the first week of October 2021. Qualified candidates must register on the website for admission through counselling. The written examination will be conducted on 7th, 8th & 9th September 2021 (for UG) and 17th September 2021 (for PG, PhD & PGS)....

IGST Exemption under GST [As per discussions in the 16th GST Council Meeting held on 11th June, 2017] Download list in PDF Format from below link…. IGST Exemption List under GST As per discussions on 11th June, 2017 IGST Exemptions, Concessions list under GST Multilateral/Bilateral Commitments – Imports by Privileges Persons, Organizations, Authorities and Foreigners Exemption for goods in transit to and from Nepal Bhutan [land locked countries] Notification No 38/96 –Customs....

Important Question Related to Exports under GST with Solutions Question 1: How are exports treated under the GST Law? Answer: Under the GST Law, export of goods or services has been treated as: inter-State supply and covered under the IGST Act.‘zero rated supply’ i.e. the goods or services exported shall be relieved of GST levied upon them either at the input stage or at the final product stage. Question 2: What will be the impact of GST on zero rating of export of goods?...

Income Tax Slab Rates AY 2019-20 Income Tax Rate AY 2019-20 | FY 2018-19 – Individuals less than 60 years Income Tax Rate AY 2019-20 | FY 2018-19 – Individuals betwen 60 years and 80 years Income Tax Rate AY 2019-20 | FY 2018-19 – Individuals above 80 years In addition to the Income Tax amount calculated, based on the above-mentioned tax slabs, individuals are required to pay Surcharge and Cess....

Instructions for Filing PAN Card Correction Form 1. First Column Full Name Please select appropriate title.Do not use abbreviations in the First and the Last name/Surname.For example RAVIKANT should be written as : For example SATYAM VENKAT M. K. RAO should be written as : HUFs shall mention HUF after their full name. In case of Company, the name should be provided without any abbreviations. For example, different variations of ‘Private Limited’ viz....

The electronic cash ledger under sub-section (1) of section 49 shall be maintained in FORM GST PMT-05 for each person, liable to pay tax, interest, penalty, late fee or any other amount, on the Common Portal for crediting the amount deposited and debiting the payment therefrom towards tax, interest, penalty, fee or any other amount. Interest on late payment of GST Interest on delayed payment of Tax [Section 50] Every person liable to pay tax and fails to pay the same on due date , shall pay interest on unpaid amount at the rate as prescribed from the due date of payment of tax to the date of payment....

Interview of Harsha C. Bhattad – CA Final Topper May 2014 Interview of Harsha C. Bhattad Q. How does it feel to be at the top? Ans. It feels as if all the efforts, hard work, patience have been worth it! One of the best moments in life was when I saw the happiness and proud feeling on my parents’ sister’s family and friends’ faces. Q. According to you, what are the intrinsic and external factors contributing to your outstanding success in the final exam....

Interview of Vivek Choudhary – CS Professional Topper June 2016 Q 1. Hello Vivek Choudhary, first of all we would like to congratulate you on becoming the 1st rank holder in CS Professional. Thank you sir! Q 2. How are you feeling now? It’s a feeling which I never expected I shall experience. After I saw my result, I was very happy and excited about my performance as I had lived up to the expectations of my parents and made them proud....