We are here discussing the provisions relating to Goods Transport Agency in Goods and Services Tax and Income Tax.
Section 15 of the CGST ACT 2017 talks about the Value of Supply of Goods or Services or Both shall be the Transaction Value, Which is the Price actually paid or payable for the supply of goods or services or both where the supplier and recipient of the supply are not related and the price is the sole consideration for the supply.
India has a hidden wealth of unclaimed deposits worth billions of rupees lying dormant in banks and financial institutions. Many people, due to various reasons, forget about their old bank accounts, investments, shares, and dividends, which ultimately become unclaimed deposits after 10 years of inactivity.
Form GSTR-10 is final return which is required to be filed by Regular taxpayers [Including SEZ unit/SEZ developer whose GST registration has been cancelled.
When it comes to filing a Goods and Service Tax (GST) return, taxpayers need to exercise caution to prevent the inconvenience of unnecessary reconciliation. Therefore, it is important to understand the common mistakes to avoid while filing GST returns. But before focusing on mistakes, let us first understand what a GST return is and the various types of GST returns.
Career guidance is an essential aspect of a student's life, especially when it comes to choosing the right career path in commerce. Commerce is a broad field with numerous career options, and students need proper guidance to make informed decisions.
09 May 2023
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Challan 280 is a form used to pay income tax; Payments can be made both online and offline. It is mainly used to pay advance tax, self-assessment tax, regular liquidation tax, surcharge, internal business distributed profit tax and participant distributed income tax.
Capital Gains Tax applies if Non-Residents sell any House Property in India. The Tax is payable on gains depending on whether it is Long Term Capital Gains or Short Term Capital Gains.
Government under the Ministry of MSME has introduced the "MSME Samadhaan-Delayed Payment Monitoring System" Scheme, which aims to resolve disputes related to delayed payments by launching an online platform called the MSME Delayed Payment Portal regulated by Micro Small Enterprises Facilitation Council (MSEFC).
SEBI has introduced 'Legal Entity Identifier' (LEI) system for issuers who have listed or proposed to list non-convertible securities (NCS), securitised debt instruments and security receipts.
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