As we are here towards the beginning of a new financial year, i.e., Financial Year 2019-20, it’s important to know about the provisions of law applicable from April 1st 2019. The Government had made various changes under Income-tax law, GST and Corporate laws which shall be applicable from April 1, 2019.* […]
Provisions Before 1st April 2019 Provisions After 1st April 2019 Threshold Limit for Registration in case of goods (allover India) except persons engaged in making Supplies in the state of Arunacahal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Puducherry, Sikim, Telengana, Tripura, Uttrakhanad– Rs. 20 lakhs Threshold Limit for Registration in case of goods (allover India) except persons engaged in making […]
GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house. The […]
Details to be Mentioned in GSTR-3B Form GSTR-3B is divided into 6 sections. These details are further broken down into the following. For each of these you must provide, the total taxable value (total which has been invoiced). And then further break this up into IGST, CGST, SGST/UTGST and cess if any. […]
Cases Where Input Tax Credit under GST Cannot Be Availed Specific cases are mentioned under GST where no input tax credit shall be available to the applicant. We are going to discuss the ineligibility of input tax credit in the article with examples. Cases when ITC is not available under GST […]
Key highlights: Modi’s election budget explained in 10 easy points Taxation: * Tax rebate raised for income up to Rs 500,000 * Benefit of rollover of capital tax gains increased from one residential house to two houses * This roll over on capital gains up to Rs 2 crore can be […]
