TDS_Income Tax_top gst experts
RATES OF TDS APPLICABLE FOR FINANCIAL YEAR (FY) 2021-22 OR ASSESSMENT YEAR (AY) 2022-23 as compiled by The Institute of Cost Accountants of India. Rate includes Amendment announced by Union Budget 2021. TDS Rate are applicable from 01.04.2021
http://www.topgstexperts.com/tds-rate-chart-a…atest-amendments/
Click to get TDS Rate chart in PDF TDS Rate Chart_3_FY 2021-22_Final
Presentation is divided in Four Parts
1. Small brief on GST Basic (for people belongs to other industries)
2. Will Discuss Latest Amendments in GST ( Only Imp. Amendments)
3. COVID 19 Relief Measures taken by govt for industries
4.Q & A You can contact us on topgstexperts@gmail.com/ www.topgstexperts.com
Click on the link to download presentation Webinar Presentation on GST Amendments and COVID 19 relief Measures
New Taxation Regime for Individual & HUF is introduced by Finance Act,2020. Section 115BAC is applicable to only Individual & HUF for the Assessment Year beginning on or after 01/04/2021 i.e. Financial Year 2020-2021. To opt the scheme the Assessee should comply with 115BAC(2). To Simplify it is compliance is sliced into Heads of Income:
Comparison Between Old VS New Taxation Regime ( How To Choose)
Best taxation regime for you is depend on sources of income,hence separate analysis has been done here for easy understand.
Click here to get detailed understanding of Implication in your Pocket ,which regime you should choose & how much Investment should be done to get maximize tax benefit. Comparison of Old vs new Taxation Regime (2) (1)Comparison of Old vs new Taxation Regime_Income Tax Amendments
You can Check your income tax in both regime here
What is E – Way Bill??
Official shipping document that travels with a shipment, identifies its consignor, consignee, origin and destination, describes the goods, and shows their weight and freight. Prepared by the shipping company for its internal record and control, it is neither a contract of carriage nor a negotiable instrument. Common types of waybills include (1) Astray waybill, for shipment that was miscarried or got separated from its original waybill. (2) Blanket waybill, for covering two or more shipments with one document, and (3) Interline waybill, for covering handling of a shipment by two or more carriers.
To whom It is applicable??
The Central Board of Excise and Customs (CBEC) has issued draft rules on Electronic Way (e-way) bill that require registered entities to furnish, in a prescribed format, GST-Network (GSTN) website information relating to any goods worth more than Rs 50,000 they intend to move within a state or outside
How this E -way bill System in GST will work?
GSTN will generate e-way bills that will be valid for 1-15 days, depending on distance to be travelled – one day being for 100 kilometres and 15 days for more than 1,000 km transit.
“Upon generation of the e-way bill on the common portal, a unique e-way bill number (EBN) shall be made available to the supplier, the recipient and the transporter on the common portal,” stated the draft norms.
The person in-charge of conveyance will be required to carry the invoice or bill .. Tax officials would be empowered to inspect the e-way bill any time during the journey to check for tax evasion.
Where a vehicle has been intercepted and detained for a period exceeding thirty minutes, the transporter may upload the said information in FORM GST INS- 04 on the common portal.
Audit and assessment
Assessees would be expected to furnish their response within 15 days in case of a query raised during scrutiny or audit of their GST returns, according to the draft rules for audit and assessment.
The rules also propose that for provisional assessment of tax the registered taxpayer can request for a payment of tax on a provisional basis through application Form GST ASMT-01 either electronically on the GSTN or directly through a facilitation centre notified by the Commissioner.
Want to know more _ Click on link to get CBEC draft rules on E -way Bill.