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Refund of ITC on Service in Inverted Duty Structure

  Refund of ITC on Service in Inverted Duty Structure   Section 54(3)(ii) and Rule 89 of CGST Rule 2017    VKC Footstep India P Ltd Vs UOI 2020 Gujarat High Court   अभी एक गुजरात हाई कोर्ट का निर्णय आया है जिसमे Sec 54(3)(ii) के हिसाब से दिए जाने …

PAN is Deactivated by the Department

What to do if your PAN is Deactivated by the Income Tax Department? Introduction Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any “person” who applies for it or to whom the department allots the number …

Relaxation from deduction of TDS in income tax

Relaxation from deduction of TDS in income tax   Notification No. 58/2020 Income-tax (19th Amendment) Rules, 2020 dtd 10th August 2020 Relaxation from deduction of TDS at higher rate and other changes   1) In case of non-residents not being a company, or a foreign company, section 139A [PAN] and …

TAX-FREE INCOMES Section :10(1) to 10(6)

TAX-FREE INCOMES PART 1 What is tax free income as per Income Tax Act 1961? That’s the important part. Generally, people do not know what tax-free income is. Section 10 of the Income-tax Act, 1961 provides important provisions in this regard. All the information about which income is tax free …

TDS Provision under GST,Provisions of TDS under GST Act(s)

TDS Provision under GST Tax Deduction at Source (“TDS”) generally means a certain registered person making payment or crediting to the supplier’s account for supply of taxable goods or services or both is required to deduct GST at source if the contract value without taxes exceeds the threshold limit. It …