The notion of reservations was established in India’s constitution to remedy inequity and prejudice faced by impoverished communities selected by the Indian government. The major goal of India’s reservation system is to enhance the social and educational status of the disadvantaged Scheduled Caste (SC) and Scheduled Tribe (ST) people, and consequently their lives. People from the […]
28th May 2021: STR-6 is to be filed on the last day of April 2021 through GCS for April 2021, May 2021, and June 2021. GTS OPC should be utilized to comply with the CSTG’s Rule 36(4) Input Tax Credit, which permits applications to be submitted together in batches […]
The Common Account Number (CAN) is a reference number provided by MFU or the mutual fund’s utility platform to mutual fund investors.
The MFU (Mutual Fund Utilities), a shared platform, is used by all Indian AMCs. The MFU has made it easier for all mutual fund investors to manage and track their investments […]
The term “inverted duty structure tax” refers to a situation in which the tax rate on inputs is higher than the tax rate on outputs for sale. It’s possible that the problem isn’t present in all industries. The article explains the concept and the rules that must be followed.
An inverted […]
Everyone with taxable income is required to file an income tax return to declare their earnings and liabilities. In India, however, income tax regulations allow for the collection/deduction of tax at the source (TDS/TCS). On the one hand, this provides a steady flow of money to the government, while on the other, it keeps a close […]
Both the insurance and banking sectors are expected to become more expensive from July 1 due to a jump in post-GST rates to 18% from the existing 15%. The impact of the GST on insurance and banking will raise premiums, particularly for households who have health, life, and auto insurance.
