Author: Sandeep Gupta

What you Know about your PAN Card?

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN stands for Permanent Account Number. A PAN card is a valuable means of photo identification accepted by all Government and non-Government institutions in the country. It is mandatory to have a PAN for conducting financial transactions such as filing for Income […]

Protect your PAN card from Misuse

A PAN card is a valuable means of photo identification accepted by all Government and non-Government institutions in the country.​ PAN stands for Permanent Account Number. PAN enables the department to link all transactions of the assessee with the department. The transactions herein mentioned include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence […]

Recommendations of 43rd GST Council meeting

Highlights of Recommendations of 43rd GST Council meeting: Amnesty Scheme to provide relief to taxpayers regarding the late fee for pending returns. The late fee also rationalized for future tax periods. COVID-19 related medical goods including Amphotericin B for free distribution given full exemption from IGST up to 31.08.2021. Custom duty exemption is also given […]

Do’s and Don’t to be considered under GST

Goods and Services Tax (GST) is indirect taxation in India merging most of the existing taxes into a single system of taxation. GST is undoubted, one of the biggest fiscal reforms in India since Independence impacting each and every business whether small or large. With the introduction of GST, a new regime of business compliance […]

Composition Scheme under GST

GST subsumed a number of indirect taxes, making it easier for businesses to comply with the tax laws. But while larger businesses have the budget and resources to comply with the GST regulations, compliance was getting increasingly complicated for smaller entities. To make GST compliance easier for such small businesses, the GST Council introduced the […]

Consequences of the Cancellation of your GST Registration

I am here to discuss some important knowledge about the consequences of the cancellation of your GST registration. Most of the business house and the individual proprietor has done the GST registration after enforcement of GST Act, 2017.  GST is applicable from 1st July 2017 in India. The purpose of this article is not guide […]

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