In August this year, the GST (goods and services tax) revenue income for the State of Punjab increased at Rs 1,188,70 crore by 20.41% compared to Rs, 987,20 crore by August 2020. Thus, it is indicating a quick economic rebound following the second COVID-19 wave. In this article, we will read about the latest update … Read more
The administration has given several Income tax benefits to the assessee on accommodation loans. Income Tax Act offers tax advantages on refunding a principal constituent of loan and refunding interest constituent of loan. In this article, we will discuss on Income Tax Benefits Available On Housing loans. Income Tax Benefits Available On Housing Loan Deduction … Read more
Micro, Small, and Medium Enterprises have been regarded as the engine for economic progress, particularly in India, as the world’s second-most populous nation to promote development worldwide. Micro and small companies have traditionally thrived in rural India for decades. Rural businesses having MSME Registration has just evolved as a dynamic idea. In this article, you’ll … Read more
GST Collections set a record as collections stood at above Rs. 1.12 trillion-mark. The GST collection in August has crossed the crucial mark and the collections are 30 percent higher than the collection in the year-ago period. In this article, let’s discuss the latest update by the Ministry of Finance on GST Collection in August. … Read more
The GSTR 9 is documentation submitted once per year by a taxpayer having GST Registration. This record will include all resources in the form and received underneath the several headings of tax (CGST, SGST, and IGST) throughout the whole year, including sales and audit information. In this article, we’ll learn about GSTR 9 Return Filing. … Read more
CMP-08- The CBDT has listed all taxpayers having GST Registration who pay tax following section 10 of the CGST Act 2017 or who receive benefits from Notification No. 2/2019-Central Tax (Rate) issued on 07th March 2019 as a “special category of persons”. The CBDT has established a specific method for these kinds of people for … Read more
The ministry of APEDA stated that exports of products such as rice, meat, cereals, and milk products were predicted to rise at 15 percent by April-June 2021 and to reach $3.3 billion annually exporting $4.81 billion by April-June 2021. In this article, we will discuss on Agri Exports May Grow 15% In FY22: Commerce Ministry. … Read more
Most of us might have used an iPad as a replacement for office computers while working from home. From writing emails to attending video calls for work, people used the iPad for several computing purposes. As a result, there was a lot of confusion about whether someone can claim tax depreciation on the iPad at … Read more
Recently, the Bombay high court is heading for a builder to repay amounts to flat purchasers based on a March order with no creation deduction of tax at the source. This article helps to demonstrate that Bombay HC says refund by the builder to buyers not liable to TDS under RERA in detail. Further Information … Read more
The ruling states that each learner’s hostel payment below Rs thousand each day would be subject to a ‘zero’ rate underneath Entry Number fourteen. The article gives information about No GST on hostel fees and the significance of. In this article, you’ll learn about No GST on hostel fees if less than Rs 1k per … Read more