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GST (Goods and Services Tax) India

  Value of SupplyIn GST regime it is important to know about the value of goods or services or both on which tax is to be paid. As per CGST Act, 2017 along with rules prescribed the provisions for determining the value of supply of goods or services have been made applicable in different circumstances and to different people.Value of  taxable supplyWhich section describe the value of supply?Value of taxable supply as per section 15Inclusions in the Value of supplyTaxes, duties,cesses,fees and ChargesAmount incurred by recipient on behalf of supplierIncidental expensesSEE DETAILS

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Income Tax Learning

 Money has become as important as natural resources to survive in this world. Prices of almost everything are touching the sky and it is making survival of a common man extremely difficult. Food is the most basic commodity for survival and the prices of the same fluctuate the most. It directly affects the economy and lifestyle of the common man. Since inflation occurs due to market forces, the government tries to stabilise the prices by introducing several tools. Amongst the tools introduced by the government, Dearness allowance is one ofSEE DETAILS

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GST (Goods and Services Tax) India, Latest News

    The introduction of the biggest indirect taxation reform in India namely Goods and ServicesTax (GST) has impacted the functioning of all the sectors of the economy. The impact of the radical shift can also be tracked in the segment of Finance and Accounting as well. Prior to the introduction of GST in India Separate accounting entries for each indirect tax law like service tax, excise, VAT etc was required to be made separately. Now only entries under the goods and services tax are required to be taken onSEE DETAILS

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GST (Goods and Services Tax) India

 Ravi: Hello Aman, how is your startup business these days?Aman: It is good and sales are increasing, but I am finding trouble while filing GST returns.Ravi: Come On, Aman! Haven’t you heard of GST Seva Kendra? They will provide all the required information and assistance regarding GST.GST Seva KendraGST Seva Kendra centres are GST facilitation Centre which was established by the Ministry of Finance in 2017. GST Seva Kendras were established to serve the GST taxpayers and businesses by providing required assistance on GST laws and GST filings. Any GSTSEE DETAILS

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Income Tax Saving

 Though there is a hype of certain types of investments nowadays, some schemes launched by the government are still considered the best safety net for long-term investments. One of which is PPF (Public Provident Fund). Not only this investment plan makes you financially secure but also brings you lots of benefits with a decent interest rate. Want to know more about PPF? Read through!Public Provident Fund (PPF)Public Provident Fund is simply defined as Exempt, Exempt and Exempt (EEE) as it offers exceptional tax benefits to its subscribers under Section 80C.SEE DETAILS

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