GST Annual Return

GST Annual Return Goods and Service Tax is one of the biggest tax reform in India. Introduction of Goods and service tax has subsumed various taxes like VAT, entry tax, octroi, excise duty, service tax, purchase tax etc. Introduction of…

Advance Received Under GST

Advance Received Under GST With the implementation of Goods and Service Tax Act, there has been tremendous change under various provisions of law. Present article highlights the provisions as applicable to the advance received like time of supply in case…

Advantages and Disadvantages of Composition Scheme

Advantages and Disadvantages of Composition Scheme Implementation of Goods and Service Tax in India has brought along with it lots and lots of compliance. Dealing with the compliance part is not much difficult for big players in the market, however,…

GST on Ambulance Services

GST on Ambulance Services As a move towards better health care system in the country, the Government of India under National Health Mission provides free ambulance service to States. Free ambulance service is based on two model Dial 108 and…

GST on Coaching Class

GST on Coaching Class As everyone is aware, GST has been made applicable in India from 1st July, 2017. Inspite of various attempts to educate the masses, by the Government, there has been lots of confusion regathe rding applicability of GST…

Opting In And Out Of Composition Scheme

Opting In And Out Of Composition Scheme Goods and service tax has brought along with it various compliance procedure resulting in high compliance cost. In order to reduce compliance cost of the small taxpayers and to ease up the procedure,…

29th GST Council Meeting

29th GST Council Meeting The 29th GST Council meeting was organized at New Delhi on the 4th of August, 2018. The meeting concluded with decisions that included  incentivizing digital payments and constitution of a panel that addresses the issues of…

Quarterly GST Return – Sahaj & Sugam – 2018 Format

Quarterly GST Return - Sahaj & Sugam - 2018 Format In the 27th GST Council Meeting, the Government announced a simpler GST return filing regime for small taxpayers. Under the new regime, persons having GST registration and a turnover of…

Monthly GST Return

Monthly GST Return - New 2018 Format In the 27th GST Council meeting, a new GST return format was announced. The new GST return format was set to make GST return filing simpler for over 90% of all persons registered…

Income Tax Filing Due Date Extended

Income Tax Filing Due Date Extended The Income Tax Department has extended the due date for filing income tax return for tax audit cases upto 31st October 2018. The announcement was made through Twitter as follows: https://twitter.com/IncomeTaxIndia/status/1049278032157048832 The above extension…