Benefits of GST

Benefits of GST

Benefits of GST Benefit to Government A unified common national market to boost Foreign Investment and “Make in India” campaign; Boost to export/manufacturing activity, generation of more employment, leading to reduced poverty and increased GDP growth; Improving the overall investment climate in the country which will benefit the development of States; Uniform SGST and IGST

Applicability of GST on De-escalation

Applicability of GST on De-escalation clause and on recovery of security deposit amount as per the contract

Applicability of GST on De-escalation clause and on recovery of security deposit amount as per the contract 1.0 FACTS OF THE CASE  1.1 In an ongoing business, especially when dealing with contract, contract price revision is very common. Many contracts often have an escalation clause which permits the seller to increase the contract value when

gst updates june 2020

Direct Tax May 2020 Updates

Direct Tax May 2020 Updates Recent circulars Notifications Rules Clarifications News CBDT notifies new form for 26AS which shall also include information relating to assessee’s specified financial transaction (Information of property and share transactions etc.), payment of taxes, demand/ refund and pending / completed proceedings(Notification No. 30/2020-Income Tax/G.S.R. 329(E) dated 28.05.2020) CBDT amended Guidelines for application

gst updates june 2020

GST Updates March 2020

Goods and Service Tax – GST GST March 2020 Updates l Notification l News l GST Compliance Calendar – Returns for the M/O March 2020 to be filed in April 2020 Return Original  Date Revised Date GSTR-1 Outward supply for the month of March  2020 11th April  2020 30th June 2020 (Announced in post 39th

Direct Tax Updates December

Direct Tax Updates March 2020

Direct Tax Updates March 2020 Recent Circulars / Notifications/ Rules/ Clarifications/ News Due to the outbreak of Novel Covid-19, Finance Minister has announced several relief measures- Extend last date for income tax returns for (FY 18-19) from 31st March, 2020 to 30th June, 2020. Aadhaar-PAN linking date to be extended from 31st March, 2020 to

Banking / Financial News at a Glance

Indian banks to appeal for relief on bad loans amid coronavirus concerns : The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India’s lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve in bad-debt classification, two sources told Reuters on Tuesday. “Discussions