GST on Import of Service under Reverse Charge Mechanism
Applicability of GST on Reverse Charge Mechanism for Import of Service According to section 7(1) (b) of CGST Act’ 2017 supply includes...
Month: July 2021
AS-7 : Construction Contracts
Accounting Standard (AS) 7 Construction Contracts Objective The objective of this Standard is to prescribe the accounting treatment of revenue...
TDS Return Due date
Analysis of Section 200 of Income Tax Act, 1961 Section 200(3) of Income Tax Act, 1961 – Forms & Time...
Section 203 of Income Tax Act : TDS Certificate
Extract of Section 203 of Income Tax Act, 1961 Section 203. (1) Every person deducting tax in accordance with the...
AS-5 : Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies
Accounting Standard (AS) 5 Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting Policies Objective...
AS-4 : Contingencies and Events Occurring After the Balance Sheet Date
Accounting Standard (AS) 4* Contingencies and Events Occurring After the Balance Sheet Date Introduction 1. This Standard deals with the...
AS-3 : Cash Flow Statements
Accounting Standard (AS) 3 Cash Flow Statements As per the definition of ‘financial statements’ under the Companies Act, 2013, financial...
AS-2 : Valuation of Inventories
Accounting Standard (AS) 2 Valuation of Inventories Objective A primary issue in accounting for inventories is the determination of the...
AS-1: Disclosure of Accounting Policies
Accounting Standard (AS) 1 Disclosure of Accounting Policies Introduction This Standard deals with the disclosure of significant accounting policies followed...
Section 195A of Income Tax Act, 1961
Section 195A of Income Tax Act, 1961- Income Payable ‘Net of Tax’ Section 195A: In a case other than that referred...