admin

About admin

This author admin has created 258 entries.

SAC / HSN Codes with GST Rates: For Goods Transport Services

SAC Codes with GST Rates: For Goods Transport Services SAC Service DescriptionSAC CodeGST RateChapter: Goods Transport ServicesLand transport services of GoodsRoad transport services of Goods including letters, parcels, live animals, household & office furniture, containers etc. by refrigerator vehicles, trucks, trailers, man or animal drawn vehicles or any other vehicles.9965110%Railway transport services of Goods including letters, parcels, live animals, household & office furniture, intermodal containers, bulk cargo etc.9965120%Transport services of petroleum & natural gas, water, sewerage and other goods via pipeline99651318%Other

Read more

Challan 280 – How to Pay Your Income Tax Online with Challan 280

1. Steps to Pay Income Tax Due Step 1: Select Challan 280 Go to the tax information network of the Income Tax Department and click on ‘Proceed’ under Challan 280 option. Step 2: Enter Personal Information For individuals paying tax: Step 1: Select (0021) Income Tax (Other than Companies)Step 2: Select the type of payment correctly from the following: (100) Advance Tax(102) Surtax(106) Tax on Distributed Profit(107) Tax on Distributed Income(300) Self Assessment Tax(400) Tax on Regular Assessment Select ‘Self-assessment tax’, if you have any taxes due

Read more

How to apply for LUT for Export without Payment of Tax / Renewal of GST LUT / Export under GST LUT / Export under GST

All registered tax payers who export the goods or services will now have to furnish Letter of Undertaking (LUT) in GST RFD-11 form on the common portal of GSTN in order to make exports without payment of IGST. When to apply/file?- Letter of undertaking has to be filed /submitted online before exporting the goods/services. Prior to this , exporters had to manually submit the filled and signed RFD-11 on Business letterhead in duplicate – One to the Jurisdictional Deputy/Assistant Commissioner having jurisdiction over

Read more

No Objection Certificate (NOC) for obtain GST Registration

NO-OBJECTION CERTIFICATE I, r/o here by solemnly confirm and affirm:- 1. I am the legal owner and in possession of property bearing address__________________. 2. That I have permitted M/s …. Represented by ____________, Director, to use the above mentioned property for his business purpose. 3. Further that I have no objection if M/s … apply for GST registration in aforesaid premises. Deponent Verification: Verification at Delhi on this ________________, 2016 that the contents of my above affidavit are true and correct to the best of my knowledge

Read more

Board Resolution Sample Letter Format – Free Download for GST & DSC

Board Resolution for Authorized Signatory (To be printed on organization letterhead) CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF (Company Name) ___________________________________ HELD ON (Date) _______________ AT (Address) ______________________________________________ RESOLVED THAT the company has decided to authorize, Mr./Ms._____________________________ and is hereby authorized to sign and submit all the necessary papers, letters, forms, etc to be submitted by the company in connection with the company. The acts done and documents shall be binding on the company until the same is

Read more

GST Input Credit Tutorial 17 – ISD Conditions

GST Input Credit Tutorial 17 – ISD Conditions Understanding the manner and conditions for distribution of credit by the Input service distributor. this is the last lecture in our module of input ax credit we are going to deal with a manner and condition of distribution by the input service distributor there are three broad conditions attached one in relating to documents the input service distributor should issue prescribed documents to each recipient the government will prescribe these documents and he just has to to show these documents to each recipient giving

Read more

GST Input Credit Tutorial 16 – Input Service Distributor Rules

Understanding the concept of the Input Service distributor and the Input services distribution rules for ISD. this lecture would be dedicated to the provisions related to input service distributor before we get into understanding input tax credit provisions for input service distributor we’ll call him is d let’s first check out what an ISDN exactly is an ISDN is an office of a supplier and can be just one office of a supplier who has many offices one office of a supplier who is engaged in supplies of goods and services and

Read more

GST Input Credit Tutorial 15 – Job Worker and ITC

GST Input Credit Tutorial 15 – Job Worker and ITC Understanding the concept of the Job-work and the provisions relating to Input tax credit on Job-work. yah we are in the last section of our module on input Tax Credit we’ll check out the provisions specific provisions relating a job worker principle and job worker we’ll also look in the input service distributor we’ll pass through the distribution rules and understand the manner and conditions for distribution of credit let’s start off with job worker and principal who is a principal

Read more

GST Input Credit Tutorial 14 – Special Circumstances

GST Input Credit Tutorial 14 – Special Circumstances Special circumstances under Input tax credit such as ITC for ineligible claim now eligible, Eligible ITC transferred from one taxpayer to other, ITC claimed earlier now ineligible etc . now that we know about the negative list input tax calculation and the conditions attached let’s move on with the special circumstances relating to transfer of input tax credit there are three types of transfers where the government would transfer input tax credit previously not granted to the taxpayer so that’s

Read more
× Click to Text on WhatsApp