Accounting

What is Job Work ? What is Job work under GST ? GST rate on Job work? Condition for Input taken on Job Work? What is the producers for Job Work ? FAQ on Job work under GST? What is the GST return under GST?

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What is Job work? Job-work means processing of input or unfinished goods. GST makes the Principal(the owner of the goods) to take care about compliance on behalf of the job-worker, considering the fact that Job-work is often a MSME sector and the same not able to comply with the structure of tax. What is Job work Under GST? …

What is Job Work ? What is Job work under GST ? GST rate on Job work? Condition for Input taken on Job Work? What is the producers for Job Work ? FAQ on Job work under GST? What is the GST return under GST? Read More »

What is TDS Section 194N Under Income Tax Act? Why is TDS Section 194N introduced? Rate of TDS under Section 194N? What is the main point of TDS under Section 194N? Who will deduct TDS under Section 194N? Can I claim the credit of TDS deducted u/s 194 N?

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What is TDS Section 194N Under Income Tax Act? TDS Section 194N is applicable if cash withdrawals of more than Rs 1 crore during a financial year. This section applied to all the sum of money or an aggregate of sums withdrawn from a in a financial year. The section will apply to withdrawals made …

What is TDS Section 194N Under Income Tax Act? Why is TDS Section 194N introduced? Rate of TDS under Section 194N? What is the main point of TDS under Section 194N? Who will deduct TDS under Section 194N? Can I claim the credit of TDS deducted u/s 194 N? Read More »

Which is better Third Party Two Wheeler Insurance or Comprehensive Coverage?

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—In India, two-wheelers i.e. motorcycles, scooters, etc. are probably the most chosen mode for daily transportation. Not having a right insurance can turn out to be even more expensive during major accidents. People get confused between the third party and comprehensive two-wheeler insurance. Let’s see what the difference between the two is and which is …

Which is better Third Party Two Wheeler Insurance or Comprehensive Coverage? Read More »

Treatment of sales promotion scheme under GST

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The issue of availability of ITC on Free Sample and Gifts distributed As per Section 7(1)(a) of CGST Act, supply includes all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in …

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