Role of LUT under GST
Before starting our discussion on LUT, First we just need to understand the concept of Exports under GST :
If you are planning to st...
Blog
Whether GST will be charged in case of disposal of Business ?
As per the Schedule 1 of CGST Act,2017 GST will be charged in case of disposal of business whether for consideration or Not for Conside...
Interim Budget 2024 Highlights
The Union Interim Budget 2024 was presented by Union Finance Minister Nirmala Sitharaman on 1st February 2024. The Budget session began...
Whether RCM Related Input can be transferred by Input Service Distributor – Know the complete Fact
Change in the Definition of Input Service Distributor :
Earlier Section 2(61) of CGST Act : Input Service Distributormeans...
All About Section 122(a) of CGST Act,2017
Proposal for Insert of New Section 122(a) :
Section 122(a) (1) : Notwithstanding anything contained in this Act, where any person, wh...
Section 73 of CGST Act – Amount of penalty under GST
Maximum Time to Conclude the Proceeding under Section 73 of CGST Act : 3 Years from the due date of filing of Annual Return for the Rel...
What is MSME 45 days payment rule?
In India, the MSME Act has introduced a 45-days payment rule for Micro & Small Enterprises.
So, if you are a Micro or Small ente...
Have you updated the Bank details over GST Portal – Everything you need to know
Mandatory Bank Account Details Submission as per law: All Registered Taxpayers are required under the provisions of CGST Act, 2017 and ...
INCOME FROM OTHER SOURCES
INCOME FROM OTHER SOURCES serves as a residual category encompassing all earnings that do not align with the other four designated head...
Tax deducted at source (TDS) – Miscellaneous TDS provisions
Miscellaneous TDS provisions
194LBA: TDS on Certain Income from Units of a business trust:
Payer: as per section 115UA business trust...
