Will your gold ornaments be costlier ?
Apr. 06, 2017
Hey guys, Do you know India is the second biggest consumer of gold across the globe ? I bet you know that. Attention ladies who like the yellow metal. This may be the article of your choice. If you want to buy a lot of gold do it now, otherwise post july buying the same amount of gold will burn a larger hole in your pocket. You may be wondering why are we saying this. Yes, it is true trust us. Read our below article if you really want to know why!!!
Impact of GST on food and restaurant business.
Apr. 05, 2017
Hey guys, Are you a foodie? Everybody likes to eat delicious food every now and then. Now, when you eat in a restaurant such as Mcdonalds you see the bill and notice awful lot of tax is charged. You may be wondering what is the significance of the above talks. In this article, we will closely discuss and forsee how GST will affect the restaurant and food business. After GST the food that you eat out any become cheaper.
How many registrations for a single taxable person.
Apr. 05, 2017
Hey guys, you already know GST is soon going to implemented and anytime soon after that you will have to register yourself if you are a businessman. So are you ready to register? But wait do you know how and where to register and how many registrations you will have to take?
The one thing for which GST is criticised is the compliance burden for returns and registrations. This may not burn a hole in the pocket of the taxable person.
Taxability and input tax credit of FOC Supply.
Mar. 29, 2017
Hey guys, i think this article is for all the people who are curious about implementation of GST in india. As we already know that GST bills have been tabled in the upper house of the parliament for approval. The expected due date for rolling out the gst bills also seems to be acheived. However, a we are moving each step closer towards the biggest tax reform in india, there would be a lot of questions that would be popping you mind.
What is goods and services tax network (GSTN)?
Mar. 15, 2017
You must have heard this term "GSTN" gazillion of times by now. There is a possibility that you might be thinking it as a synonym for GST. Well, it's not. GSTN stands for Goods and Services Tax Network. It is a government company which operates not for profit. Govt incorporated it on March 28, 2013. It has been set up primarily to provide IT infrastructure and services for the implementation of the Goods and Services Tax.
What is deemed export as per GST?
Feb. 16, 2017
Generally people think that export happens when goods or services actually go out of the country. But that is not the case. The Govt of India, has defined some circumstances where, even though goods do not leave the country, they are consdered as have been exported. These cases are called by the lawmaker as "deemed exports". for example: when a person sells goods to SEZ, it may be called as a deemed export.
Addition u/s 69 allowed only after enquiry and examining documents..
Dec. 22, 2016
Section-69 is the weapon in the armory of the income tax dept. which gives wide discretionary power to the assessing officer. If a person makes an investment and source if such investment is neither explained nor recorded in his books, then the A.O can add the amount of investment in the income of the assessee.