GST Amendment in Finance bill 2023 easy summary
GST Amendment in Finance bill 2023 easy summary – This article is summarized guide on amendments to Central Goods and Service Tax and Integrated Goods and Service Tax as per latest Finance Bill 2023.
GST
Income Tax
GST
Other Registration
Income Tax GST and other laws to know to open a Restaurant – Easy guide for FY 2023.
- by tla_admin
- January 28, 2023
Income Tax GST and other laws to know to open a Restaurant or Hotel or Cloud Kitchen in India – This article will be helpful to all upcoming businesses and existing business get an idea of the Income Tax, GST and other laws applicable to them in India.
GST
GSTR-9 Annual Returns – What to fill & How to fill ? Easy guide
- by tla_admin
- December 30, 2022
GSTR-9 Annual Returns – What to fill & How to fill – This article is detail guide on what exactly is required to filled in GSTR-9 Annual Return. The GST Department has till date not issued any guideline on what details need to be updated in forms. The ICAI has issued guidelines for filing this form. This article is based on all the current material available on GSTR-9
GST
GST on rent RCM easy guide applicable for F.Y. 2022-23 and onwards
- by tla_admin
- December 6, 2022
GST on rent RCM easy guide – The article will elaborate on applicability of GST on commercial & residential property, Rate of tax on rental income, place of supply , Time of Supply, Applicability of Reverse Charge Mechanism, availability of Input Tax Credit on GST Paid on rental income by registered persons and all latest amendment in respect of GST on rent.
The article is based on professional opinion of consultants at TaxLedgerAdvisor. Do not miss the professional opinion conclusion at the end of article.
GST
Margin Scheme for Second Hand gold Jewelers – simplified, summarized and latest updated till 2022
- by tla_admin
- November 16, 2022
Margin Scheme for Second Hand gold Jewelers is explained in the article below in most simplified manner for ease of understanding for all such Second hand gold Jewelers and professionals. Please note all the updated till Nov’22 have been incorporated in the detailed article below. A recent Judgement of Karnataka AAR can be very beneficial for Second hand gold Jewelers which will be discussed in the article below.
Income Tax
GST
Income Tax and GST on Freelancers in India – Do not miss and become tax compliant. Some essential tax saving tips for year 2022-23 for freelancers.
- by tla_admin
- November 14, 2022
Income Tax and GST on Freelancers topic seems to be so much current and relevant thing to discuss as people of India are rapidly shifting to providing freelancing services or doing freelancing business instead of a full time job. This article is to the rescue of all the freelancers who are unaware of the taxation impacts on their freelancing income in India. Article will provide brief guide on Income Tax applicability on Freelancers, TDS, Advance Tax and GST requirements for freelancers.
GST
Margin Scheme for Second Hand Vehicle Dealers – simplified, summarized and latest updated till 2022
- by tla_admin
- November 11, 2022
Margin Scheme for Second Hand Vehicle Dealers is explained in the article below in most simplified manner for ease of understanding for all such Second hand Vehicle dealers and professional. Please note all the updated till Nov’22 have been incorporated in the detailed article below.
GST
HSN Summary compulsorily to be formed part of GSTR-1 : This small mistake in GST Return and pay penalty of 50,000
- by tla_admin
- November 8, 2022
HSN Summary compulsorily to be formed part of GSTR-1 Quarterly Returns. Notification No. 78/2020 – Central Tax released on 15/10/2020, made compulsory for the registered persons to mention either 4 digit or 6 digit of HSN Code in HSN Summary of the GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding financial year. However, these changes were being inculcated on GSTN Portal in phase manner.
Income Tax
GST
Income Tax and GST impact and some tax saving tips on Moonlighting – best insight relevant for this year 2022-23 and coming years
- by tla_admin
- November 4, 2022
Lets discuss in brief Income Tax and GST impact and some tax saving tips on Moonlighting – best insight relevant for this year 2022-23 and coming years
GST
All the wrong reasons to take GST Registration in India – Avoid these 4 mistakes
- by tla_admin
- November 2, 2022
This article is to help businesses to understand all the wrong reasons to take GST Registration in India. As a consultant, daily we come across small businesses, general stores, retails store business who have either obtained GST Registration for wrong reasons or misconceptions or who is wanting to take GST registration for those wrong reasons.