Table of Contents What is Foreign Trade Policy?Objectives of FTPWhat is SEIS Scheme and objectives?What is Duty Credit Scrip?Read & Download the full copy in pdf: What is Foreign Trade Policy? Foreign Trade Policy The foreign trade policy is essentially a set of
In order to reach the desired destination, we must know the address and the way. In the same way, to levy GST, we must know the value of taxable supply and the rules to calculate it. The value of a transaction as per the
Table of Contents Tax CalendarIncome taxGSTRead & Download the full copy in pdf: Tax Calendar Due date Form/Return/Challan Reporting Period Description 11th August 2021 GSTR – 1 July 2021 Details of outward supplies of goods or services 13th August 2021 IFF July 2021
Instructions: – Terms used: a. GSTIN: Goods and Services Tax Identification Number b. UQC: Unit Quantity Code c. HSN: Harmonized System of Nomenclature Code 2. It is mandatory to file all FORM GSTR-1 and FORM GSTR-3B for the financial year for which the return is
Table of Contents Importance of Correct ClassificationClassification disputes are not new in the Indian Taxation systemHustle!Definition of ‘Goods’ and ‘Services’Interesting Schedule IISchedule-II – Classification of activities as Supply of Goods or Supply of ServicesClassification of Activities which are neither Supply of Goods nor Supply
Loosely speaking, reconciliation can be defined as, “Comparing different sets of data on the same category, prepared by different people, methods, or organizations. It includes identifying & investigating differences, & taking corrective action when necessary.” It is not merely a fault or difference finding
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 15/2021 New Delhi, Dated 3rd August 2021 Subject: Extension of timelines for electronic filing of various Forms under the Income-tax Act,1961 1. On consideration of difficulties reported by the
If you are working in the Private or the Public sector & your total income exceeds the exemption limit, you must file your income tax returns. For an employee, their main source of income is via salary. Such employees need to file their Income-tax
Update- Section 35(5) is omitted from 1st August 2021. It contained the provisions related to the GST audit. Now there is no need for a certificate from an auditor. Taxpayers can self-certify their own data. Section 35 of CGST Act Section 35 of CGST Act
New in – Two sections of the Finance Act 2021 are notified from 1st August 2021. Section 110 and 111 of FA 2021 are notified by CBIC. These two sections belong to GST. It contains the removal of section 35(5) of the CGST Act and
