Pure labour contract are the contracts wherein the supplier of service should not utilize any material while supplying the service. It should purely be a labour contract only.
Implication of TDS on Construction services Read More »
As per Section 194S, TDS shall be deducted by every person responsible for paying any sum, to a resident, by way of consideration for the transfer of a virtual digital asset.
FAQ’s on TDS under section 194S Read More »
Section 194R contains provisions relating to Tax deducted at source on any benefit or perquisite, arising from business or profession provided to residents.
FAQ’s on TDS under Section 194R Read More »
GST, in typical scenarios has to be charged, collected and remitted to the government by the person supplying the goods or services, there are instances where the receiver of goods or services has to pay GST.
GST Basics: Reverse Charge Mechanism (RCM) Read More »
Any service by way of diagnosis, treatment or care for illness, injury, deformity, abnormality or pregnancy in any recognised system of medicine in India.
Impact of GST on Healthcare services Read More »
Education as a part of a curriculum for obtaining a qualification recognized by any law can be defined as formal education offered by a college, university or institution for obtaining any qualification
Impact of GST on Educational Institutions Read More »
Section 194K contains provisions relating to TDS from all payments made to residents in the nature of income from mutual funds.
FAQ’s on TDS under Section 194K Read More »
Exemption to services rendered by charitable trusts is allowed only if the following two requirements are met.
Impact of GST on Charitable or religious entities Read More »
A supply is considered to be an intra-state supply when the location of supplier and place of supply of goods or services is in the same state or Union Territory.
GST Basics: Charge of GST Read More »
Services provided by the Reserve Bank of India is exempt from GST. However, services provided to RBI by other banks will be taxable as they are not covered under any exemption
Impact of GST on Banks and Financial institutions Read More »
