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GST Updates:

1. Quarterly Returns approved for taxpayers with turnover less than Rs 5cr (tax payments to continue on monthly basis) 2. Sanitary Napkins exempted from GST going forward 3. No decision on 1% sugar cess 4.… 

GST Rates Revised:

HINDUSTANTIMES.COM GST slashed on more than 50 items, top rate slab pruned Sanitary napkins that were taxed at 12% earlier, has been put under t

Material suppliers to come under RERA lens:- In order to ensure the quality of construction not held liable to the promoters only but also material suppers and vendor who would be accountable for any inadequacy in the quality of the material for the construction of the building. As per The Maharashtra Real Estate Regulatory Authority (MAHA-RERA) mandates the promoters to upload the information relating to suppliers and vendors of the construction material on their respective website including guarantee period of the material and such information is required to display in addition to the other disclosures as required under the Act. Thus, it make vendors and suppliers along with the promoters answerable for poor quality of housing construction. Finally, it is a vital step taken by MAHA-RERA to ensure the promoters of the registered projects fully accountable for the quality of construction.”

Requirement of Cash Flow Statement..!!

Cash Flow Statement not required for : 1. One Person Company. 2. Dormant Company. 3. Startup Private Company. 4. Small Company (Private Company with paid up capital and turnover not more than 50 Lakhs and… 

Dear Individual Income Tax payers,

File your ITR before 31st of July to avoid late fee, otherwise be ready to pay the fees as under; The late fee will be Rs. 1,000/- for Assessees having total taxable income up to…