In the context of Goods and Services Tax (GST) law as applicable in India, a tax invoice is a document issued by a supplier to a buyer that provides details about the sale of goods and/or services and the applicable GST.In GST, every transaction should be supported by at least one of the documents as specified in Goods and Services Tax law.Tax invoice issued by the … [Read more...] about When to issue a GST Tax Invoice in India?
Value of perquisite where accommodation is provided in a hotel
In our last article, we discussed how to calculate the taxable value of perquisite where accommodation is provided by the employer. In this article, we will be discussing how to calculate the value of perquisite where accommodation is provided in a hotel by the employer.For this purpose hotel includes licensed accommodation in the nature of motel, service apartment or guest … [Read more...] about Value of perquisite where accommodation is provided in a hotel
How amendment or correction in GST registration is done in India
After taking GST registration, you may require to change certain details provided to the government such as place of business, ownership details, addition or deletion of business details, change in trade name, changes in bank account details, modification of email ID and mobile numbers etc. GST law allows you to change all the details that you have provided at the time of … [Read more...] about How amendment or correction in GST registration is done in India
When and How to cancel GST registration online in India
You can cancel GST registration online if after taking GSTIN, you came to know that goods and services tax act is not applicable to you or you are closing your business. Cancellation will mean that goods and services tax provisions are not applicable and your business will not be liable to pay or collect GST in India. Before applying for cancellation of GST number, its … [Read more...] about When and How to cancel GST registration online in India
Essential Documents You Need to File Your Income Tax Return
Filing your income tax return (ITR) can seem complicated, but it’s easier when you gather the right documents ahead of time. Whether you are filing your taxes yourself or working with a tax professional, having these documents organized will ensure that you file accurately and on time.This guide will walk you through the essential documents needed to file your income tax … [Read more...] about Essential Documents You Need to File Your Income Tax Return