Goods and Service Tax Identification Number (GSTIN) All the business entities registering under GST will be provided a unique identification number known as GSTIN or GST Identification Number. Before GST was implemented,Read More…
E-way Bill E-way bill refers to a document to be carried by the person in charge of conveyance generate electronically, to reduce tax evasion with proper invoicing of the goods and toRead More…
GST Registration GST Registration compliance GST Registration is done by every supplier who is making a taxable supply of goods or services or both shall register in every State/Union Territory from whereRead More…
Goods and Service Tax (GST) GST is commonly known as tax imposed on the supply of goods and services. Earlier the Central Government used to levy tax on manufacture (Central Excise duty),Read More…
UIDAI The Unique Identification Authority of India (UIDAI) is a statutory authority established under the provisions of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 (“AadhaarRead More…
Account Payable Account payable can be defined as an obligation to be paid, in other words When a company orders and receives goods (or services) in advance of paying for them, weRead More…
Minimum Alternative Tax (MAT) The concept of MAT was introduced for companies and progressively it has been made applicable to all other taxpayers in the form of AMT. The introduction of theRead More…
Kisan Vikas Patra (KVP) The government scheme that was originally designed for farmers is now open to all. Kisan Vikas Patra (KVP) is a government-sponsored saving scheme that was initially designed specificallyRead More…
Allowances Taxability for Salaried Employee Allowances:- Allowances Taxability for Salaried Employee are 1. Fully-taxable allowances: a. DA or special allowance b. Fixed medical allowances c. Tiffin allowanced. Servant allowances e. Nonparticipating allowanceRead More…
Indexation on Mutual Funds helps investors in long-term debt funds to save taxes. If you sell investments in debt funds after three years, the gains are treated as Long Term Capital GainsRead More…
