Aggregate Turnover means under GST
1. Turnover, in common parlance, is the total volume of a business. The term ‘aggregate turnover’ has been defined in...
Month: August 2020
Difference between zero rated supplies and exempted supplies under GST
Zero Rating Supply: As per Section 16(1) of the IGST Act, 2017, “zero rated supply” means any of the following...
Transparent Taxation – Honouring the Honest
Prime Minister's Office Prime Minister Narendra Modi launches platform for “Transparent Taxation - Honouring the Honest” Tax system aims to...
Text of PM’s address at the Launch of ‘Transparent Taxation- Honoring the Honest’
Prime Minister's Office Text of PM's address at the launch of 'Transparent Taxation- Honoring the Honest' Posted On: 13 AUG...
Income Tax Department searched premises of Chinese entities
Ministry of Finance Income Tax Department conducts search on premises of Chinese entities Posted On: 11 AUG 2020 Based on...
What is Zero Rated Supply in GST?
Zero Rating Supply: As per Section 16(1) of the IGST Act, 2017, “zero rated supply” means any of the following...
System-based asset classification of Urban Co-operative Banks: RBI Notify on 12-08-2020
RBI/2020-21/23 DoR (PCB). BPD. Cir. No.1/13.05.001/2020-21 August 12, 2020 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam /...
Memorandum of Understanding(MoU) between CBDT and MoMSME
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 20th July, 2020 PRESS...
Foreign Company: Meaning & Income Tax Rate
FOREIGN COMPANY: In this article we discuss about the meaning of the Foreign Company and what Income Tax Rate applicable...
Received mail from GSTN “Aggregate turnover being more than Rs. 5 Cr during FY 2019-20” What does this mean?
Mostly Taxpayers having aggregate turnover more than Rs. 5 Crores for F.Y. 2019-20 are receiving Email from GSTN. The purpose...