A new section 80EEB was inserted from AY 2020-21 to claim an exemption on the interest portion of the loan taken to purchase an electric vehicle.
As per Entry 12 of Notification 12/2017- Central Tax Rate dated 28.6.2017, "Services by way of renting of residential dwelling for use as residence" is exempt.
If you operate a small or medium business and are still in a dilemma about whether to invest or not in digital introduction, here is a comprehensive list of reasons why eCommerce development services are the best option.
FAME is an incentive scheme for adoption and manufacturing of electric and hybrid vehicles in India. Electric vehicle manufacturers and infrastructure providers receive subsidies as part of this incentive.
Starting W.E.F today, i.e. 18-07-2022, GTA dealers may choose option to discharge the tax under forward charge. Let us have a look at what are the changes and how does it impacts.
The GST department has notified the GST rate revisions, recommended at the 47th GST Council meeting held on 28th & 29th June 2022. Correspondingly CBIC issued Notification No. 03/2022 on 13th July 2022 amending Notification no. 11/2017 dated 28th June 2017, wherein GST rates for various construction services have been revised.
I humbly request the Hon'ble ICAI to give due consideration to these suggestions & work in favor of our beloved profession.
Refunds can be claimed under GST when the taxpayer pays a tax more than he is liable to pay. The process of claiming refund under GST is systemized so that no confusion arises. The whole process of refund is online and they have given some time limit for claiming refund.
The proper officer, on being satisfied that the full amount of erroneous refund along with applicable interest, as per the provisions of section 50 of the CGST Act, and penalty, wherever applicable, has been paid by the said registered person in FORM GST DRC-03 by way of debit in electronic cash ledger
Whether services of a gardener is not considered as a prerequisite when same is provided by the employer along with rent-free accommodation owned by the employee.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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