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  My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Attached herewith the News letter and updates for the month of November 2020. In this file special subject taken for is Cases where ITC under GST is not available. please click on link below https://drive.google.com/file/d/1nYVYpr8yhaeDTu_ohp1ZT27uizMJ-7QR/view?usp=sharing  You all in the next blog. 9421233228  kulkarnisukumar@gmail.com
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   My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Attached herewith the News letter and updates for the month of October 2020. In this file special subject taken for is Maintenance of Books Of Accounts please click on link below https://drive.google.com/file/d/13mWalxu0Fi0JLN5YlarP2-GnNDSxVlsN/view?usp=sharing   See You all in the next blog. 9421233228  kulkarnisukumar@gmail.com
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   My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Attached herewith the News letter and updates for the month of September 2020. In this file special subject taken for is TCS ( Tax Collection At Source) please click on link below https://drive.google.com/file/d/1rroBa4TBg0SG_KkTkYvAopjVjeIz2B5k/view?usp=sharing See You all in the next blog. 9421233228  kulkarnisukumar@gmail.com

Ban of 59 mobile applications in India

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Ban of 59 mobile applications: its implications & effect on related business :-        The scheming claims of all business on 29 th  June 2020 centered about the block of 59 applications which were said to be in activities which were prejudicial to sovereignty and integrity of India, defense of India, the security of the state, and public order. The list included popular mobile applications like Tik Tok, Mi Video Call – Xiaomi, We Chat, and the most popular Cam Scanner.        Let us narrate the names of the apps which attracted the national attention, learnt to be covering nearly 200 million users – a mind boggling figure. “Tik Tok, Club Factory, Newsdog, Bautry Plus, We Chat, UC News, QQ Mail, Weibo, Xender, QQ Music, QQ Newsfeed, Bigo Live, Selfie City, Mail Master, Parallel Space, Shareit, Kwai, U C Browser, Baidu Map, Shein, Clash of Kin

AAR Judgement on GST Registration

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Interest on PPF, savings bank deposit to be included for calculating GST registration threshold: AAR Under the Goods and Services Tax law, businesses and individuals are required to obtain GST registration if their aggregate turnover is Rs 20 lakh or more. AMRG & Associates Senior Partner Rajat Mohan said this ruling may lead to homemakers, retired persons and freelancers taking GST registration. NEW DELHI: The value of exempted income, like interest on PPF, savings bank account and loans given to family/friends, will be included along with taxable supplies while calculating the threshold limit for obtaining GST registration, the Authority for Advance Ruling (AAR) has said. Under the Goods and Services Tax law, businesses and individuals are required to obtain GST registration if their aggregate turnover is Rs. 20,00,000/-ormore. An ind

Sovereign Gold Bonds open for subscription

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  Sovereign Gold Bonds open for subscription today. Here’s what you need to know    If you want to know basics about Sovereign Gold Bonds then please visit my previous article on this by (clicking here)            Sovereign Gold Bonds are issued by the Reserve Bank of India (RBI) on behalf of the government and are part of the Centre’s market-borrowing programme.       The third tranche of the government-run Sovereign Gold Bond (SGB) scheme will open for subscription for five days starting Monday.         Sovereign Gold Bonds are issued by the Reserve Bank of India (RBI) on behalf of the government and are part of the Centre’s market-borrowing programme.         The central bank has fixed the issue price for the third tranche of the SGB 2020-21 scheme at Rs 4,677 per gram. The Sovereign Gold Bonds ( SGBs ) are denominated in multiples of on

GST: 40% travel, tourism firm staring at complete shutdown risk in next 3-6 months....

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My Dear readers, followers, taxpayers & clients,   Welcome to my blog. Get yourself update with changes in tax structures.  GST: 40% travel, tourism firm staring at complete shutdown risk in next 3-6 months....         Around 40 percent of companies operating in the travel and tourism sector is staring at the risk of complete shutdown over the next 3 to 6 months, says a report, even as the domestic flights resume operations after over 2-month suspension due to lockdown. Also, nearly 36 percent of such companies are likely to witness a temporary shutdown,   according to the report by BOTT Travel Sentiment Tracker in partnership with seven national associations like IATO, TAAI, ICPB, ADTOI, OTOAI, ATOAI, and SITE.         The report said that 81 percent of travel and tourism companies have lost their revenue up to 100 percent while 15 percent of the companies have witnessed it slide up to 75 percent. The BOTT Travel Sentiment Tracker survey was done online with over