CBIC has issued the CGST Rules (Fourteenth Amendment), 2020, inter alia, amending Rule 22 of the Central Goods and Services Tax Rules, 2017 ("CGST Rules"), dealing with "Cancellation of registration".
The year 2020 has seen a large number of false transactions & malpractices of the taxpayers. In order to curb malpractices used by taxpayers for tax evasion, the GST department is now implementing its new tools to brush out anomalies in the system.
This is perhaps the most vital concept in international taxation. Finance Act 2016 has brought a key change in the scope of international taxation. Finance act 2020 has further expanded the scope of equalisation levy.
RBI had announced on October 09, 2020, that the RTGS will be available round the clock on all days of the year. Accordingly, RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020.
In this article, we discuss the Due Date Compliance Calendar of GST for January 2021, Recent Updates on the GST Portal, and Latest Notifications and Announcements made by CBIC.
In this article, we discuss various changes that must be implemented in order to achieve the essence of the budget. One among them is the introduction of dividend Tax for the reasons mentioned in this article.
Before investing, one has to take into account the basic questions like a present obligation and its ratio to present income, family protection plan in case of exigencies, and plan for the loss of Job.
The Government's decision on mandatory payment of at least 1% of GST tax liability in cash will only apply to establishments having an annual turnover of Rs. 6 Crore.
Among the softwares that are used for the preparation of books of accounts, Tally Software is widely used. In this article, we will discuss some important points that must be considered while doing a Tax Audit in the Tally Software.
What is equanimity? It is keeping your emotions under control. To be successful in the stock market, you have to control your urges. In this article, we discuss 9 important points to be an equanimous investor in 2021.
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