|
GST common portal Latest updates

Reading Time: 2 minutes GST common portal Latest updates The GST portal has now more than one Crore taxpayers registered on it and more than six Crores returns have been filed on the portal. The overall percentage of return filing for July GSTR-3B is 93.3%, the same for August it stands at 89.05%. The percentile of GSTR-1 filing is
Read More

|
long term capital gains

Reading Time: 9 minutes Long Term Capital Gains taxation CBDT issues FAQs Under the existing regime, long term capital gains arising from the transfer of long term capital assets, being equity shares of a company or a unit of equity oriented fund or a unit of a business trust is exempt from income-tax under clause (38) of section 10
Read More

|
E Way Bill and it's Process to follow

Reading Time: 5 minutes E Way Bill and it’s Process What is E-Way Bill E-way bill (FORM GST EWB-01) is an electronic document available to supplier/ recipient/transporter) generated on the common portal evidencing movement of goods of consignment value more than Rs. 50000/-. It has two Components •Part A comprising of details of GSTIN of recipient, place of delivery
Read More

|

Reading Time: 16 minutes Frequently Asked Questions on E Way Bill Q 1. What is an E Way Bill? Ans. E-way bill (FORM GST EWB-01) is an electronic document (available to supplier/recipient/transporter) generated on the common portal evidencing movement of goods of consignment value more than Rs. 50000/-. It has two Components-Part A comprising of details of GSTIN of
Read More

|

Reading Time: 2 minutes List of Goods Exempted from e-way bill | E-way Bill system has been rolled out for Interstate movement of goods as well as the intrastate movement of goods in some states Andhra Pradesh, Arunachal Pradesh, Bihar, Haryana, Jharkhand, Karnataka, Kerala, Puducherry(UT), Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and Uttarakhand w.e.f. 01.02.2018. The Government of India has issued a
Read More

|
Budget

Reading Time: 2 minutes Union Budget 2018 99% MSMEs to gain by Tax Incentives provided in General Budget 2018-19 A record one Lakh Crore Rupees expected to be generated through disinvestment during the period 2017-18. Government to move ahead with reforms for building institutions and improving public service delivery. “Education will be treated holistically from pre-nursery to class XII”,
Read More

|
composition levy

Reading Time: 10 minutes Frequently Asked Questions on Composition Levy Q 1. What is composition levy under GST? Ans. The composition levy is an alternative method of levy of tax designed for small taxpayers whose turnover is up to Rs. 75 lakhs ( Rs. 50 lakhs in case of few States). The objective of composition scheme is to bring
Read More

|
Composition Levy Scheme

Reading Time: 8 minutes Composition Levy Scheme in GST 1. Composition Levy Scheme under GST law. Composition levy scheme is a very simple, hassle free compliance scheme for small taxpayers. It is a voluntary and optional scheme. Benefits of composition scheme • Easy compliance as no elaborate accounts and records to be maintained • Simple Quarterly Return • Quarterly
Read More

|
Input Service Distributor

Reading Time: 5 minutes Input Service Distributor in GST Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of input services and issues a prescribed document for the purposes of distributing the credit of central tax (CGST), State tax (SGST)/ Union territory tax (UTGST) or integrated
Read More