Schedule II GST ACT

Schedule II GST ACT Schedule II – Matters to be treated as Supply of Goods or Services 1. Transfer a) Any transfer of the title in goods is a supply of goods. b) Any transfer of goods or of right in goods or of undivided share in goods without the transfer of title thereof, is …

How to response Cash Deposit Notice

How to response Cash Deposit Notice Income tax department (ITD) has been started to send notice in respect of cash deposited by a person during the period of 09th November to 30th December 2016. Around 18 lakh persons have been identified by ITD whose cash transaction does not match with tax payer’s income tax profile. …

Highlights of Budget 2017 Impacting Salaried Persons

Highlights Budget 2017 Impacting Salaried Persons A. Change in Tax Slabs and tax rebates: – 1. A new tax rate of 5% will be applicable for individuals having total income from 2.5 lacs to 5 lacs. 2. An additional surcharge @10% will be applicable for individuals having total income in the range of 50 lacs to …

E-Commerce and GST Provisions in India

E-Commerce and GST Provisions in India Hello readers! In this article, we will give you a brief about the E-Commerce and GST Provisions in India and the impact of GST on E-Commerce industry. As you know, E-Commerce can be described supply of goods or services through electronic channels such as Amazon and flipkart etc. They …

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