Is it mandatory to have HSN/SAC Codes on GST Invoices ?
Wondering the Importance of HSN and SAC Codes in Businesses ??? let's see all about HSN Code and the SAC Code HSNCode and the SAC Code serve as standards when it…
Everything You Need To Know About Slump Sale
Heard about slump sales ?? Plans to sell off or transfer of the whole undertaking with all its assets and liabilities......you are at the right placeAs per section 2(42C) of…
Union Budget 2023- Amendments in GST
In the Union Budget 2023, the Finance Minister proposed several amendments to the GST Law. The key amendments have been proposed in the provisions regarding filing of GST returns, GST…
GST : An indirect tax levied on the supply of goods and services
In India, the Goods and Services Tax (GST) is an indirect tax that takes the place of VAT, services tax, excise duty, and other indirect taxes. On 2017 march 29…
Gst On Purchase & Sale Of Second Hand Goods
As per the GST law, GST is charged on the transaction value of the goods. But, in the case of second-hand goods, the dealer can opt for the Margin Scheme…
Report On Accounting System And Gst Applicability
Report On Accounting System And Gst Applicability On Aviation Academy “Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”,…
GST Applicability in Advance Received on Supply of Services
GST Applicability in Advance Received on Supply of Services As per Section 13 of the Central Goods and Service Tax Act 2017, the liability to pay tax on services shall…
Deduction of Tax at Source From Payment on Transfer of Certain Immovable Property
Deduction of Tax at Source From Payment on Transfer of Certain Immovable Property 1 Provisions of Section 194-IA: (1) Any person, being a transferee, responsible for paying (other than the…
Impact of GST on Banking and Insurance
With post-GST rates rising to 18% from the current 15%, both the insurance and banking sectors are set to become more expensive after July 1. The impact of GST on…
GST Applicability on Solar Power Generating System
Solar Power Solar power is the conversion of energy from sunlight into electricity, either directly using Photovoltaics (PV), indirectly using concentrated solar power, or a combination. Concentrated solar power systems…
