July 8, 2019
Takeaways for Startups and MSMEs

10 Important Takeaways for Startups and MSMEs

Source: The Economic Times The Union Finance Minister, Nirmala Sitharaman, on July 5th, 2019 presented the Annual Budget for the Financial Year 2019-20 in Parliament. This budget is being said […]
July 5, 2019
Input Tax Credit

No Input Tax Credit for Expenses Incurred on Promotional Schemes

Source: Business Line According to the order issued by Maharashtra Authority for Advance Ruling (AAR), Input Tax Credit will not be available on GST paid on expenses incurred towards promotional […]
July 3, 2019
Budget 2019

Expecting Broad-Mindedness from Budget 2019

Source: The Economic Times Fresh off winning a clear mandate in the national election in May 2019, Modi 2.0 is almost ready to bring out the first Union Budget of […]
July 2, 2019
ITR Rules

5 Basic Rules to Keep in Mind While Filing ITR On Time

Source: The Economic Times The July 31st, 2019 deadline is reaching nearer for filing Income Tax Return of Fiscal Year 2018-19. The Income Tax Department has already opened the window […]
July 1, 2019
GST Return Filing

New GST Return Filing System & Refund Mechanism From Today

Source: Deccan Herald The Goods and Services Tax has completed 2 years. On this occasion, the finance ministry has come up with some further reforms – the introduction of a […]
June 28, 2019
GST Audit

Desk-based GST Audit for Small Assessees

Source: Business Line According to the Audit Plan for 2019-20, prepared by the Directorate-General of Audit (Indirect Taxes) under the Central Board of Indirect Taxes & Customs (CBIC), small taxpayers […]
June 27, 2019
GST National Anti Profiteering Authority

National Anti Profiteering Authority’s Term Extended by 2 Years

Source: Business Line Fears that the GST would disturb India’s litigation problem seem to be coming true as far as anti-profiteering is concerned. Recently, the GST Council extended the tenure […]
June 26, 2019
GST Services

GST to be Based on Services Provided by the HO to its Branch in Another State

Source: The Economic Times The Finance Ministry has framed a draft circular clarifying the taxability of services provided by head office, located in one State, to the branch office/offices located […]
June 25, 2019
Inter-state gst

Inter-state Office Services Should Come Under GST Net

Source: The Economic Times The government is ready to make it clear that services provided by an office of an organization in one state to another office in another state […]
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