Articles by CA CMA Piyush Taurani

TDS Under Section 194Q v/s TCS under section 206C(1H)

Posted by CA CMA Piyush Taurani 21 June 2021 11874 Views

Section 194Q/206C(1H) states that TDS/TCS @ 0.1% shall be deducted when the aggregate value of purchase/sale of goods during the year exceeds Rs. 50 lakhs.

QRMP Scheme in GST

Posted by CA CMA Piyush Taurani 08 February 2021 8082 Views

The GST Council, in their 42nd Meet on 5th October 2020 proposed a quarterly return filing system for small taxpayers to be implemented w.e.f. 1st January 2021.

Section 44 AD: Special Provisions For Computing Profits And Gains of Business On Presumptive Basis

Posted by CA CMA Piyush Taurani 16 January 2021 3919 Views

The presumptive Taxation scheme under Section 44AD covers all small businesses with total turnover/gross receipts of up to Rs. 200 Lakh (Except the business of plying, hiring and leasing goods carriages covered under section 44 AE).

What is composition scheme under GST?

Posted by CA CMA Piyush Taurani 15 October 2020 3503 Views

The composition scheme is an alternative method of levy of tax designed for small tax payers whose turnover is up to prescribed limit.

All about MSMEs (Micro Small and Medium Enterprises)

Posted by CA CMA Piyush Taurani 18 May 2020 6299 Views

The definition of MSMEs has been revised by the FM. The turnover and investment limits for SMEs have been increased.

Transfer of under construction project do not attract GST: AAR

Posted by CA CMA Piyush Taurani 20 April 2020 1062 Views

The AAR ruled that the hat the transfer of under-construction projects under the 'Business Transfer Project' is exempted under Goods Service Tax (GST).