Now-a-days lot n lot of invoices in India are getting generated online and sent through email and whatsapp. In most of these invoices, you won't find any signature, but instead you will find following statement at the end of invoice:
This article look into the implications of such invoices.
GST is the new indirect tax scheme in India and it is replacing the earlier service tax and vat tax schemes
prevalent before. GST is going to become active since July 1, 2017.
This article covers what is GST? What's its full form and meaning and relevance to ordinary citizen. (GST Ka Full Form Kya Hai?)
Once GST goes live on July 1st 2017, every business or person registered with GST will have to file monthly and yearly GST returns. This articles covers the details of returns to be filed under GST.
Please note that initially all the GST systems will not work that well and hence government has said that delayed returns for the first 2 months will be accepted.
GST Council of India has decided the gst rates for different services on May 19th 2017. Here goes the complete item wise list of services with their corresponding gst tax rates. If you are paying service tax currently, you will need to switch over to following GST rates starting July 1st, 2017.
GST (Goods and Service tax) is one of the landmark change in indirect taxation in India. GST goes live on July 1, 2017. For a long time, there was unclearity on the effective tax rate for lottery tickets, but this is now resolved by GST council. This article tell about the effective tax rates for different types of lottery tickets.
Lately it has become compulsory to link/seed your Aadhaar number to your EPF account (UAN) to ensure smooth service. A successfully linked Aadhaar number is useful for two cases:
While filing income tax return for businesses, one can deduct the deprication from the income and hence reduce the effective income tax. Typically depreciation is taken on items like two wheelers, car, truck, computer. mobile etc.
This article covers the depreciation rules applicable for mobile phones for FY 2016-17 or AY 2017-18
EPFO (Employee Provident fund organisation) has been working hard to provide a set of working online uan portal for its more than 6 crore members, but these portal are either changing too fast or or down, thus leading to more confusion and frustration among members.
Here are your guide to navigate among these portals.
Lately Employee Provident Fund Organization(EPFO) has mandated the linking of Aadhaar number for every EPF member who is also utilizing Employee Pension Scheme (EPS).
As per EPF rules, typically a employer contributes 12% of basic towards EPF. Out of the above 12%, 8.33% goes in Employee Pension Scheme subject to a maximum of Rs 1250. Thus mostly every member of EPF is also...
Lately EPFO operated unified portal epf has faced lot of technical problems and remained down for most of the time. This has led to lot of bad press for the EPFO and digital initiatives launched by Indian Government. EPF remains one of the most important contributory social security scheme in India and its more than 5 crore members wants an...