GST Refund Procedure Under Goods and Services Tax in India
Any reform or change comes with some challenges and difficulties. Though GST is expected to bring a positive impact on all the sectors of Indian economy, simpler tax structures and a GDP boost of more than 2% as per as the experts believe, yet at the same time, it has...How to pay Tds on rent above Rs 50000 using Form 26QC and Form 16C
From June 1, 2017, An individual or HUF paying rent of more than Rs 50,000 per month is now required to deduct tax at source (TDS) @ 5% on rental payments and to deposit it within the prescribed time. This article talks in detail about TDS on rent above Rs 50000, How...Impact of GST on Power Sector
India is the third largest electricity producer in the world. The top two positions are held by U.S and China respectively. But the per capita consumption of our country is amongst the lowest in the world. The Power Industry currently enjoys many tax concessions and...GST impact: Insurance, Mutual Funds,Banks, Hotel,Restaurants,Travel
From 1 Jul 2017 GST will be levied instead of Service Tax as under. Hence tax on banking, insurance, and investments such as real estate, mutual funds will see a hike of 3 percent. Till 30 Jun 2017, we pay 15% service tax for such services. Starting from July 1,...GST Tax Slabs and how does it affect your household budget
The government has categorized 1211 items under various tax slabs. With GST set to be implemented from July 1 2017, here’s the guide to what are GST Tax rates, how much tax you’ll have to pay on most use items and how it affects your budget. What is GST?...Subscribe to All Our Posts
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