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Inverted Duty Structure Refund and who can avail it under GST
Taxblock 20 September 2021 at 09:34Inverted Duty structure is the condition where tax rate payable on inputs is higher than tax rate charged on output of sales.
Cryptocurrencies & Taxation of Cryptocurrencies under Income Tax
Taxblock 18 September 2021 at 10:51A cryptocurrency is digital, decentralized currencies that are issued by a private enterprise to work as a consideration of transaction between two individuals or businesses without any direct interference from the government.
Applicability Of GST On Restaurants, Hotels, Fine-Dining, Restaurants And Cloud-Kitchens
Taxblock 17 September 2021 at 09:46In this article we will talk about how GST affected the bills of restaurants, hotels and other places where we usually go out for eat something.
New Income Tax Portal
Taxblock 17 September 2021 at 09:46New Income Tax Portal was launched on 7th June, 2021 by CBDT (Central Board of Direct Tax). The portal is being redesigned for the easy filing and to eliminate the glitches or any other difficulties.
What is Mismatch under GST and How to arrive at Mismatches?
Taxblock 16 September 2021 at 09:40Mismatch in context of GST refers to the amount of disparity disclosed in GSTR 3B with the details given in GSTR 2B along with GSTR 2A. GSTR 3B is the consolidated form of monthly returns that contains details of total inward supply, outward supply, input tax availed, tax paid, and tax collected made by a registered person during a year.
Tax Exemptions Available For Startups In India
Taxblock 13 September 2021 at 09:30In order to accelerate the spreading of the startup movement in India, the Government had announced an action plan known as the Startup India initiative that addresses all the aspects of startup ecosystems.
What is Foreign Account Tax Compliance Act and CRS
Taxblock 09 September 2021 at 09:37The foreign account compliance tax account is the tax mechanism that compels U.S. citizens at home or abroad to disclose all their foreign account holdings while filing their annual reports.
TDS and TCS on Purchase of Goods Under Income Tax
Taxblock 09 September 2021 at 09:37The tax deducted under section 194Q shall be applicable on businesses whose gross receipts, turnover, or total sales exceed 10 crores in the Assessment Year 2020-21.
Trust under Indian trust Act, 1882
Taxblock 09 September 2021 at 09:37A trust is a relationship in which a person or entity is bound by a fiduciary relationship to exercise that legal rights over the trust property for the benefits of any one or more individuals known as beneficiaries.
Understanding the Taxability of ESOP Gains
Taxblock 09 September 2021 at 09:37ESOPs can be issued to permanent employees of parent or subsidiary company working in India or outside India and directors of the company including whole time or part time director but not including independent director.
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