What is Repo Rate: Repo rate stands for repurchase rate and such rate is being used by central bank of any country to lend money for shorter period of time to other banks of same country. This is effective...
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Vivad se Vishwas scheme was announced in Union Budget 2020 to resolve the pending litigation under Income Tax Act. Vivad se Vishwas was introduced in form of “Vivad se Vishwas Bill 2020” and such bill become Vivad se Vishwas...
On the date of implementation of GST there was a fear in the mind of every business man which is “fear of working capital blockage” as tax will be leviable on supply rather sales and supply includes stock transfer...
In 39th GST Council meeting on 14th March 2020 at Delhi, Council has decided to increase the GST rate on mobile phones to 18%. Previously such mobiles phones were chargeable at 12% however their parts and accessories were liable...
Key takeaways from 39th GST Council held on 14 March 2020 at Delhi: GST Payments: Interest on Delayed payment of GST will be charge on Net Cash Liability Basis. For this council assure to change the law retrospectively. Returns:...