But the moot question that came was whether this interest has to be paid on Gross liability or net liability paid in cash.
One of the most interesting subject of CA Final is Strategic and Financial Management.As we all know, SFM is the most scoring paper of CA Final and most of the ...
With the advent of innovations and new technologies due to pandemic across the world, the economic environment continues to evolve. Therefore, the change becomes a new constant for organizations to reshape their business model and business processes to be aware of recent trends. Accounting is an essential element of the business process.
Life is about the choices we make and the opportunities we miss and take. One person looks at the glass half empty while the other looks at it as half full.
The interest liability for any belated remittance is an economic consequence. The tax laws are no exception to this rule. GST law provides for interest @18% on the delayed remittance of the tax after due date.
Supreme Court on Registration under section 12AA of Income Tax Act 1961
Transfer of land and its development rights under GST
Levy of interest under GST - Complexities involved
e-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the Income Tax Department website and NSDL-TIN website
Input Tax Credit or ITC is a credit that can be used to pay off the tax liability of registered taxpayers. It is a tax paid by the person registered under the GST Act when he purchases goods or avails any services from a registered taxable person.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English