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Job work provision in GST

TAXATION OF JOB WORK IN GST Goods removed under section 43 A Goods removed other than  section 43 A No GST payables on – Supply of material from principal to job worker or vice versa. GST payables on – Supply of material from principal to job worker or vice versa. GST payable on Job work charges NO GST payable on ... Read More »

Budget 2017 Impact on tax

Today we will discuss the impact of budget 2017 on tax. what are the changes made in the taxes in budget 2017?. In this blog, we will tell you is there any change in exemption limit in income tax or any change in service tax rate. Budget 2017 Impact on Income tax Tax benefits for individual and Hindu undivided family ... Read More »

Change in process of incorporation of Companies

Today we will discuss recent change in process of incorporation of Companies MCA has recently come out with an update on the change in process of incorporation of Companies. As a part of the MCA efforts towards promoting greater Ease of Doing Business to stakeholders, MCA has notified new version of Form SPICe (INC-32) Apply PAN and TAN with Incorporation 2017.  ... Read More »

Key point to watch on budget 2017

Today we will discuss on the Key point to watch on budget 2017. In this blog, we will discuss what are the expectation of various people from budget 2017. Also we have shared the things that will be happen in the Budget 2017. TAX SLAB FOR INDIVIDUAL In every budget, we will see some increase in tax slab for the ... Read More »

Credit Structure in GST

Today we will discuss the credit structure in GST. what are the taxes in the GST and how the credit will be available? Also in this blog, we will discuss how current tax credit lying in stock can be taken in the GST. Credit Structure in GST There will be three tax in GST –  CGST, IGST and SGST Credit of ... Read More »

GST Registration in Mumbai

Today we will discuss the GST Registration in Mumbai, Indian Government has come with the new law GST. In this Blog,  we will discuss the threshold limit of GST, who will require to registered in GST. Who will Required registration in GST? 1 Person making Interstate Supply (Sale of goods or providing service from one state to another state) 2 Casual taxable ... Read More »

What to charge in bill CGST, SGST, or IGST

Today we will discuss What to charge in bill CGST, SGST, or IGST. It is important to identify the time and place to check whether CGST/SGST or IGST will be levied on the bill also it is important to check to whom the bill will be issued. There are three taxes in the GST – CGST, SGST, and IGST Interstate – ... Read More »

Solution For Old Rs1000 and Rs500 Rupee notes

Just declared by the modi government that Rs 500 and Rs 1000 note will be banned from today midnight. It can be used only in bank railway and hospital the news is like earth Quake in indian economy. Why Ban on Rs500 and Rs1000 note. Government has taken such decision to reduce the black money in the country with an ... Read More »

Accounting of Construction Contracts

Today in this blog we will share the accounting of Construction Contracts, how the builders and developers will maintain their books of accounts, what are the Accounting standard applicable to the Builders and developers and also how the revenue will be recognised as per the AS. Different Transaction in Real Estate – there are two type of transaction first builder ... Read More »

Latest News on Income declaration Scheme 2016

In this blog we will talk about very important and popular topics  Income declaration Scheme 2016 . IDS is basically amnesty scheme in the income tax by modi government. under this scheme assessee can disclosed all his undisclosed scheme to get the  relaxation from the department. IDS are a scheme of the modi government, in that an Assessee can disclose ... Read More »