The amended provisions of the Indian Stamp Act, 1899 and The Indian Stamp (Collection of Stamp Duty through Stock Exchanges, Clearing Corporations and Depositories) Rule, 2019 brought through Finance Act, 2019 came into force w.e.f 1st July, 2020.
TCS is the tax payable by a seller which he collects from the buyer at the time of sale. Section 206C of the act governs the goods on which the seller has to collect tax from the purchasers.
In this article, we have discussed about the compliances that have to be complied by the registered taxpayers under the provisions of the GST Law as on April 1, 2021.
Insurance underwriters establish pricing for accepted insurable risks. The term underwriting means receiving remuneration for the willingness to pay a potential risk.
A chartered accountant loan provides you with a substantial capital that can be used freely for any business-related expenses. It is also tailored to suit your financial profile and may have specialised features such as an extended tenor or a nominal interest rate.
It is proposed to add another Explanation to section 36(1)(va) clarifying that provision of section 43B does not apply and deemed to never have been applied for the purpose of determining the 'due date”.
Generally there are four rates such as 5%, 12%, 18% & 28% under GST. Also there are Zero rated, Nil rated and Exempted category under GST.
The Section 8 Company can be either registered as a Private Limited Company or as a Public Limited Company. Hence, the minimum number of Directors depends on the type of entity being formed.
Answering some of the most asked questions related to Core and Non-Core fields as per the latest amendments, during GST Registration.
The government seems to be in no mood to let the defaulters/fraudsters escape and is using all provisions to ensure that GST revenue collections keep an upward momentum.
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards