Compulsory Registration under GST
Aspects of registration under the GST regime are covered under section 22 of the CGST Act,2017. As per section 22, every person who supplies taxable goods or services or both and the aggregate turnove...
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Reduced Corporate Tax Rate for Domestic Companies
The Government of India has introduced the Taxation (Amendment) Ordinance 2019 on the 20th of September 2019. Several amendments are made to the Income Tax Act,1961 through this ordinance. Changes suc...
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GST on E-Commerce
E-commerce i.e Electronic commerce which simply means the supply of goods and services through electronic mode over the internet moreover, in legal term Electronic Commerce has been defined in Sec. 2(...
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Tax Exemptions for Startups
To give impetus to entrepreneurship and increase participation in the development of the country, the STARTUP INDIA campaign was launched in India in 2016. This campaign has enabled many budding entre...
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TDS Defaults: Interest, Penalty, Prosecution & Other Consequences
TDS compliance is one of the important compliances in the current scenario. Many of the taxpayers are not as compliant and hence they need to face its adverse consequences, penalty or prosecution as p...
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Refund under GST
The word refund, in simple terms, means an amount of money that is given back to a person upon the happening or occurring of some event. In taxation, refund refers to any amount that is due to the tax...
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