Corporate sector is supposed to follow various laws applicable on them. It includes corporate laws as well as taxation laws. GST Act and Companies Act, 2013 both laws are applicable on companies. In this article we will discuss the topic of GST on CSR Expenses, where we need to understand the impact of the provisions…

All the taxpayers registered under GST Regime are required to file monthly/quarterly returns as per applicability. In addition to that they also need to file annual return in Form 9C. This return form was also accompanied by an audited reconciliation statement. However, with a view to simplify things and make compliances easier some amendments are…

GST regime has borrowed various concepts from erstwhile Service Tax. Composition Scheme is one such concept. Keeping in view the small traders this concept is reintroduced in GST as well. Composition Scheme allows small traders to be a part of the tax net. The compliances under Composition Levy Scheme in GST are quite simple. Today…

The provisions of taxation of Charitable and Religious Trust are similar to the provisions as were in the Service Tax. There are some activities by charitable trust which are non-taxable. Also there are some activities that are taxable. Today in this article we will discuss the topic of GST on charitable and religious trust. So…

Goods and Service Tax or GST is a major reform of the government in India. It was enforced in 2017 under 101st Constitution Amendment Act, 2016. GST is a comprehensive multi-stage taxation system applied on the sale of the goods and services in India. Before the implementation of the goods and service tax or GST…

E- way bill under GST or Electronic way bill as we call it was introduced on 1st April 2018. It is a document generated before transporting goods costing more than Rs. 50,000. The transporters have a physical copy of the e-way bill. It includes the information such as goods, recipients, consignor, and transporter. In this…

GST brought various changes to the taxation scene in the country. From the earlier practice of origin based taxation, GST was destination based tax. GST is a single tax regime for both goods and services. However, just like Service Tax there are two mechanisms to levy tax in GST also, i.e. Forward Charge Mechanism and…

Goods and Service Tax Network (GSTN) introduced and established the web platform called GST Suvidha Provider (GSP) to help the taxpayers to comply with the provisions of GST. In simple words, GST Suvidha Provider helps various companies to file GST returns and streamline the data for greater comfort and security for registration, uploading forms, invoicing,…

To facilitate and making things easier for the taxpayer, the Government is continuously amending/inserting various provisions of the Goods and Service Tax. Thus the government has developed a new concept of the suspension of GST registration. With the initiation of the suspension of GST registration, taxpayers who have demanded the cancellation of GST registration would…

IT industry is one of the sectors which is impacted by the implementation of GST in India. Prior to the GST regime, the tax system in India was complicated because of multiple taxes, many compliance obligations, and tax cascading. In GST regime, the complicated system converted into a simpler tax regime, especially for the IT…

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