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Input Tax Credit under GST

 Input Tax Credit under GST Input Tax Credit is defined under section 2(63) of CGST Act 2017 as “the credit of Input Tax”. Input Tax is defined in Section 2(62) of CGST Act 2017 as “input tax in relation...

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Income Tax Rate for Companies

Income Tax Rate for Companies In India, generally Corporate were liable to pay income tax at 30% plus applicable cess and surcharge. In year 2016, Central Government through Finance Act 2016 first time announced reduction in corporate tax rate....

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Udyam Registration
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Online Udyam Registration

Udyam Registration On 26th June 2020 Central Government has issued notification to clarify the process for MSME registration through Udyam Registration Portal (herein after called as portal). Udyam Registration is newly launched platform for online MSME registration. Now registration...

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All about MSME | Key Benefits of MSME | Step by Step Process of Online MSME Registration

What is the meaning of MSME: MSME Stands for Micro Small and Medium Enterprise, MSME enterprises are governed by MSME Act, 2006 (amended time to time). Application for online MSME Registration can be filed easily with the help of...

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TDS on E commerce Operator

TDS on E-commerce operators Finance minister Nirmala Sitharaman presented Union Budget 2020 in Parliament on 1st Feb 2020. In this Finance Act 2020 she proposed various changes in direct and indirect taxes. One of the key changes is insertion of new section...

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Input Tax Credit on capital goods

All about Input Tax Credit on Capital Goods Input Tax Credit is the key pillar of GST. Input Tax Credit plays vital role in determination of net tax liability of a taxpayer. Under GST, “Input Tax Credit” has been...

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