Import of Services under GST

Import of Services under GST Import of services refers to supply of a service, wherein the supplier is located outside India, the recipient is located in India, and the place of supply of service is in India. Import of services…

GST Refund Claim

GST Refund Claim Processing of timely GST refunds will help businesses and facilitate trade through the release of blocked working capital funds. Under GST, a standardized system has been setup for making GST refund claims. The entire GST refund claim…

How to File Income Tax Return?

How to File Income Tax Return? Income tax return must be filed when income exceeds the exemption limit set by the income tax department. By filing income tax return, a taxpayer provides information about his/her income, applicable deductions and the…

GST Reverse Charge

GST Reverse Charge Under GST, reverse Charge means the liability to pay tax rests with the recipient of supply instead of the supplier. In a reverse change, the liability to pay GST gets reversed. Hence, such transactions are called reverse charge. The aim…

Different Types of GST Invoice

Different Types of GST Invoice GST invoice should be issued by a person when supplying goods or services to a person in India. An invoice or bill of supply must be mandatorily issued, when the value of supply is more…

PAN – Permanent Account Number

PAN - Permanent Account Number PAN or (Permanent Account Number) is a unique identification number provided by the Income Tax Department. As per the Income Tax Act, individuals falling under the following criteria’s are required to obtain PAN.  If a…

RERA Registration for Brokers

RERA Registration for Brokers The terms - real estate agent, dealer, broker and consultant -  all point to that a person who acts as the bridge between a builder and the buyer. A broker plays various roles in a typical transaction…

GST Return Filing through Tax Preparer

GST Return Filing through Tax Preparer GST Tax Return Preparers and GST Practitioners have been designated by the GSTN to help taxpayers with GST return filing. In this article, we look at the process followed by GST Tax Return Preparers…

What is GSTN?

What is GSTN? - An Overview GSTN or Goods and Services Tax Network is the IT backbone of the GST regime. GSTN is a non-profit organisation incorporated as a Section 8 Company. GSTN is tasked with developing and maintaining a platform…

Income Tax on Rent Free Accommodation

Income Tax on Rent Free Accommodation Income tax is applicable on rent-free accommodation received by an employee, as it is reckoned under perquisites. Prequisites received by an employee is also taxable under the Income Tax Act. In the case of a…