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Blogs by: steffy
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May 15, 2023 By Steffy A
GST LUT vs IGST Refund for Exporters: A Detailed GuideGST LUT vs IGST Refund: Which Option is Better for Exporters? Introduction Understanding GST LUT vs IGST Refund is important because the choice directly affects cash flow, compliance, and refund procedures. When exporting goods or services from India, businesses have […]
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May 2, 2023 By Steffy A
Form ITR-5 Filing AY 2026-27 : Due dates & updatesForm ITR-5 Filing : Eligibility and Due Dates for 2026 Introduction Form ITR-5 Filing is a must in India for firms, LLPs and some other entities to report their income. Many businesses get confused about who needs to file when […]
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May 2, 2023 By Steffy A
Section 206C of Income Tax Act: TCS Rules and UpdatesSection 206C of the Income tax Act, 1961: TCS Rules and Updates Introduction Section 206C of the Income-tax Act, 1961 governed Tax Collected at Source, commonly known as TCS, for transactions covered under the earlier income-tax law. It required specified […]
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May 2, 2023 By Steffy A
GST LUT for Export of Goods: Filing Process & ComplianceGST LUT for Export of Goods: A Complete Compliance Guide Introduction GST LUT for Export of Goods is an important compliance mechanism that allows eligible exporters to undertake exports without paying Integrated Goods and Services Tax (IGST). For many exporters, […]
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April 27, 2023 By Steffy A
PF Withdrawal Rules and Limits: ExplainedPF Withdrawal Rules and Limits: Taxability & Latest Updates Introduction PF Withdrawal Rules and Limits are important for every employee who contributes towards the Employees’ Provident Fund (EPF). The EPF scheme is designed to provide long-term retirement security; however, it […]
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April 17, 2023 By Steffy A
Value of Supply under GST: Rules and ExamplesValue of Supply under GST: Rules Explained Introduction The Value of Supply under GST is the taxable amount on which Goods and Services Tax is calculated. Incorrect valuation may lead to wrong invoices, tax differences and compliance issues. Section […]
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April 17, 2023 By Steffy A
TDS on Insurance Commission Filing Rules ExplainedTDS on Insurance Commission: Exemptions & Filing Rules Introduction Insurance agents and intermediaries earn commission for procuring, renewing, continuing or reviving insurance policies. When the total payment crosses the prescribed limit, the payer must deduct tax before releasing or crediting […]
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April 15, 2023 By Steffy A
Section 196D of the Income Tax Act: TDS Rules for FIIsSection 196D of the Income Tax Act, 1961: TDS Rules for FIIs Introduction Section 196D of the Income Tax Act governed the deduction of tax at source on certain securities income paid to Foreign Institutional Investors in India. It was […]
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April 13, 2023 By Steffy A
File Form 61A Online: Applicability & Due DateHow to File Form 61A Online? Applicability, Due Date & Process Introduction To file Form 61A online, specified reporting entities must report the Statement of Financial Transactions (SFT) under the Income Tax Act, 1961. It helps the Income Tax Department […]
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