ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21-Notified
CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21...
Month: May 2020
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Value of supply in case of lottery, betting, gambling and horse racing under GST
Rule 31A of CGST Rule 2017: Value of supply in case of lottery, betting, gambling and horse racing (Chapter-IV: Determination of Value of Supply) (1) ...
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Residual method for determination of value of supply of goods or services or both under GST
Rule 31 of GST Rule 2017.Residual method for determination of value of supply of goods or services or both – Where the value of supply...
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Value of supply of goods or services or both based on cost under GST
Summary of Rule 30 of GST Rule 2017: Value of supply of goods or services or both based on cost: Where the value of a...
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Facility for registration of IRP/RPs made available on the GST Portal
Facility for registration of IRP/RPs made available on the GST Portal Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs), appointed to undertake corporate insolvency resolution proceedings for...
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New Form 26AS Notified by CBDT vide Notification No. 30/2020 Dated 28th May 2020
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 28th May, 2020 INCOME-TAX G.S.R. 329(E).—In exercise of the powers...
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Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund)
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 26th May, 2020 G.S.R. 313(E).—In exercise of the powers conferred by sub-section (1) of section 467 of...
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Value of supply of goods made or received through an agent under GST
Any supply from Principal to an agent or otherwise will attract GST and thus either of the parties need to refer to these valuation rules...
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Value of supply between distinct and related persons (excluding Agents) under GST
Summary of Rule 28 of GST Rule 2017: Value of supply between distinct and related persons (excluding Agents) A person who is under influence of...
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Value of supply of under GST where the consideration is not wholly in money
As a general principal, value of supply will be the amount of consideration received in money from the buyer. However, there can be cases when...