Income Tax | GST | Accounting
Income Tax | GST | Accounting
Find GST Rates: Knowing the correct GST rates are very crucial because when you use an incorrect rate it may lead to compliance issue. So in this article we will learn to know how to find the correct GST rates. Steps to Find GST Rates: So to find the correct rate you need to google […]
GSTIN Advisory: The Goods and Service Tax Network (GSTN) has issued an advisory on the option for payment of tax under the forward charge mechanism by the goods transport agency (GTA). This GSTIN advisory was issued in compliance with Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022, an option is being provided on the […]
New Functionalities in GST: The Goods and Service Tax Network has issued a list of new functionalities made available for Taxpayers on the GST Portal (December 2022). The new functionalities include topics like drop proceedings, recompute interest, validation duplicate checks and others. Registration Form/Functionalities: Automation of Drop Proceedings for taxpayers suspended upon issuance of SCN […]
Highlights of 48th GST Council Meeting: The 48th GST Council meeting was chaired by Union Finance Minister Smt. Nirmala Sitharaman via virtual mode in New Delhi.
Seed is not an Agricultural Produce: The appellant is registered under GST having GSTIN number 36 AAACG3220D1ZB. M/s Narsimha Reddy & Sons are primarily engaged in production and processing of agricultural seeds. In the process of production, the applicant outsources certain services such as cleaning, drying, grading and packing to the job workers and stores […]
