Impact of GST on works contract

A works contract is primarily a service contract with the possibility of item supply as part of the contract’s execution. A works contract, by definition, is a formal agreement to do work or other obligations in exchange for money, such as construction, installation, modification, repairs, maintenance, or renovation of any immovable property.

A subcontract for building work […]

By |2021-10-07T12:35:04+05:30September 30th, 2021|GST|

GST Registration certificate: How to download it from GST portal

GST Registration Certificate is given to GST-registered individuals. Those that have a GST registration certificate are expected to show it prominently in their place of business. The method of obtaining a GST certificate is relatively simple. In this post, we’ll go over how to get your GST certificate from the GST Portal.

Introduction to GST […]

By |2021-04-10T08:54:49+05:30April 10th, 2021|GST|

Impact of GST on Rental Properties – Commercial and Household

Introduction

With the Introduction of this act, there were minor changes introduced on commercial rental income, the limit was 10 Lakh for commercial rental income, with the introduction of GST it raised to 20 lakhs. Since rent has been an important source of income for many and here so the implementation of GST on commercial rental property […]

By |2021-07-02T07:40:45+05:30February 5th, 2021|GST|

Key Highlights of Union Budget 2020-21

Introducing the first union budget 2020 of the 3rd decade of the 21st century, Finance Minister Smt. Nirmala Sitharaman revealed a series of far-reaching reforms, pointed at fortifying the Indian economy by a succession of short-term, medium-term, and long-term projects. This year the union budget is themed as ” Ease of Living “.

The […]

By |2020-02-06T09:31:01+05:30February 6th, 2020|News|

What is the procedure for Customs clearance ?

Introduction: custom clearance procedure

Custom clearance procedure works include formation and submission of documentation needed to help export procedure or imports into the country, describing the client while customs examination, evaluation, payment of duty and taking delivery of cargo from customs after clearance with documents.

The documents included in customs clearance are :

By |2021-06-30T05:15:59+05:30July 15th, 2019|Import Export|

How to manage inventories

‘Inventory Management is stock management’.The discipline carryout stocks.

Meaning of inventory

Inventory is a list of tangible materials and goods that carry economic value and detains in variant forms by the firm, business or the companies. It is the finest asset for business retained for an optimum goal of resale. Inventory is a tag for goods which are […]

By |2019-04-02T07:36:10+05:30April 2nd, 2019|Uncategorized|
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