Blogs

What is gratuity payment? Gratuity can be said to be the financial way of saying...

Reporting Format: Statement of Financial Transactions (SFT) Relevant Format: Identification of Reportable Transactions Aggregation Rule ...

List of FAQs on TDS on purchase of immovable property Reason for Introduction of TDS...

Tax implications on Various Provident Funds : Types of PF’s : Recognised PF (RPF) :...

Input Tax Credit is the tax paid by the buyer on purchase of goods and...

What is a Capital Asset? All expenses can be classified into capital expenses or revenue...

What are Set Off Rules? GST has 4 components – Integrated Tax, Central Tax, State/UT...

1. What is a Composition Scheme?          The Composition levy is an alternative method of levy...

Type of ITC & Common Credit A business pays tax when it makes purchases or...

REVERSE CHARGE MECHANISM RCM under GST is a mechanism where the supplier and the recipient...

GST Registration GST Registration is mandatory if the business turnover in an FY exceeds Rs.40...

E-Invoicing is now applicable for businesses with turnover more than Rs 100 Crore. There are...