The registration under GST will no longer be active and the dealer is not required to Pay/collect any GST, Claim any input tax credit or File returns.
Cancellation of GST Registration (Section 29 of CGST Act) Read More »
Composition levy is a mechanism available to taxpayers wherein they can choose to pay tax at a fixed percentage on the state turnover.
Composition Levy (Section 10 of CGST Act) Read More »
The liability to pay tax on goods, shall arise at the time of supply, as determined using the following provisions,
Time of supply- Basics Read More »
Asset to be transferred: Any long-term capital asset. Asset on which capital gain to be invested: Long-term Specified Asset.
Capital gain exemption: Section 54EE Read More »
Asset to be transferred: Land & Building, Plant & machinery, any right in land and building used for the purpose of business of an industrial undertaking in urban area.
Capital gain exemption: Section 54GA Read More »
Asset to be transferred: Residential property (land or house). Usage of derived capital gain to claim exemption: Subscription in equity shares of eligible company.
Capital gain exemption: Section 54 GB Read More »
Asset to be transferred: Land or building forming part of industrial undertaking. Asset on which capital gain to be invested: Land or building forming part of industrial undertaking.
Capital gain exemption: Section 54 D Read More »
Asset to be transferred: Land & Building, Plant & machinery, any right in land and building used for the purpose of business of an industrial undertaking in urban area.
Capital gain exemption: Section 54 G Read More »
As per Rule 37BB, any person responsible for making payment to a non-resident, shall furnish such information in Form 15CA and Form 15CB.
Form 15CA and 15CB – Basics Read More »
It is an electronic way bill (EWB) for the movement of goods from one place to another place without which goods cannot be transported.
E-Way Bill Provisions Read More »
