TDS Return Filing

TDS Return Filing TDS Return filing all inclusive price ₹ 10,000/- ₹ 3,000/- per quarter Online Process Dedicated manager to process your Return Error free Return Filing Free Advice 24 x 7 support Timely filing What is TDS? TDS stands for ‘Tax Deducted at source’. TDS is a source of collecting tax by Income tax […]

Related Party transactions

Value of Supply of Goods or Services between Related Party transaction Under GST In case of supply between such related person under GST, value of supply will be: The Open Market Value (OMV) of such supply. OMV will be the amount which is fairly available in open market. If the open market value is not […]

Tour Operator under GST

Tour operator under GST “Tour operator under GST” means any person engaged in the business of planning, scheduling, organizing, arranging tours (which may include arrangements for accommodation, sight-seeing or other similar services) by any mode of transport and includes any person engaged in the business of operating tours Registration limit under Tour Operator under GST​ […]

GST Composition Scheme

GST Composition scheme To give relief to small taxpayers, GST department framed the composition taxation scheme under GST. A person adopting this scheme can pay GST at a prescribed rate and relieved from maintain book of accounts. To opt for composition scheme a taxpayer has to file GST CMP-02 on at the beginning of […]

Job Work under GST

What is Job work under GST? As per GST Act, job work means any treatment or process undertaken by a person on goods belonging to another registered person. The person doing the job work is called job worker. Person who is sending goods for job work is called Principal ITC on goods sent for job […]

Input Tax Credit

Input Tax Credit under GST Input Tax credit will be allowed only to registered persons Proportionate credit in case certain goods are used for business as well as non-business purposes CGST credit under a registration obtained in a particular State cannot be automatically adjusted against the CGST payable under another registration obtained in another State […]

Time of Supply under GST

Time of Supply of Goods Earlier of: Date of issuing invoice or the last day by which invoice should have been issued or Date of receipt of payment Time of Supply of Services In case of Invoice issued within 30 days/45 days Earliest of: Issue of Invoice or Date of receipt of payment In case […]

Invoices under GST

Invoices under GST Goods: Invoice will generate before removal of goods Three copies: Original for buyer, duplicate for transporter , Triplicate for supplier (For Tax Invoice or Bill of Supply or Debit Note or Credit note or Delivery challan) Services: Invoice will generate within 30 days of provision of Services Two copies: Original for buyer, […]

Place of Supply under gst

Place of Supply under GST Particulars Classification of Supply Nature of Taxes Same State Intra State CGST + SGST Different States Inter State IGST Import Inter State IGST (CVD/RCM) Exports Inter State Zero Rated Special Economic Zones Inter State Zero Rated?     Place of supply of goods other than supply of goods imported into, […]