Section 153C of Income Tax Act, 1961, is a provision that empowers the tax authorities to issue a notice to assess the income of any person other than the one searched or against whom a requisition is made. This provision has significant implications for taxpayers in India, and it is important to understand the procedure […]
Tag Archives: GST services in Pune
10
Jul
Jul
With India stepping up in Ease of Doing Business rankings, there has been an influx of NRIs setting up business units in India. For NRIs to set up a business in India, GST registration is necessary. We will discuss the registration process under GST for non residents. Process of Registration Provisional Registration:- An application must […]
18
Jun
Jun
Input tax credit (ITC) can be understood as a deduction on total GST payable by the businessman. ITC is availed by the businessman by paying GST on the purchases and other expenses incurred for the business, Thus while paying GST the ITC already paid in the course of Purchase and other expense is deducted and […]
19
Feb
Feb
The Indian Tax system is divided into two types, namely Direct Taxes and Indirect Taxes. Direct taxes are the part of the earnings which a person directly pays to the government. On the other hand, indirect taxes are paid by the consumers of goods and services in addition to the price of such goods and […]
04
Jun
Jun
Introduction Form GSTR 9 in an annual return under GST regime that is to be filed once for every financial year by every registered Taxpayer. GSTR 9 is a consolidation of every quarterly/monthly returns filed during the financial year. The taxpayers are required to furnish details regarding inward and outward supplies made and Input Tax […]
