Amendment of section 54 In section 54 of the Income-tax Act, in sub-section (1), after clause (ii), the following provisos shall be inserted with effect from the 1st day of April, 2020, namely:–– ‘Provided that where the amount of the capital gain does not exceed two crore rupees, the assessee, may at his option, purchase […]
Latest CGST Notification (Related to Waived late fees of GSTR-3 month of July-2017, Amend the Rule of E-Way Bill, Extend Due date of GSTR-6 and 5A. No e-way bill is required to such goods Date Notification No Description 01.09.2017 Click here -28/2017-Central Tax,dt. 01-09-2017 Waived late fees for GSTR-3B Return For the […]
Reverse Charge Provision in GST Reverse Charges on GST means, the liability to pay the tax by person receiving goods and services instead of the person supplying the goods and services. Definitions (Reverse Charge in GST ) Section 2 Sub Section (98) of CGST Act-2017– “reverse charge” means the liability to pay tax by the recipient […]
