Service Tax Internal Audit CENVAT Companies Act LLP Basic concept GST GST Registration GST Returns GST Rates Income Tax Salary Income Housing property Business Income Presumptive Income Capital Gain Other Income TDS Return Case Laws Partnership Firm Accounting Definitions Accounting Standards CA Notes IPCC Notes CA Final Notes Rankholder's Interview Management TopCA's Interview

  • Q 1. What is Electronic Commerce?
    Ans. Electronic Commerce has been defined to mean the
    supply o f goods or services or both, including digital
    products over digital or electronic network.


    Q 2. Who is an e-commerce operator?
    Ans. Electronic Commerce Operator has been defined to
    mean any person

    ...
  • Q 1. What is the purpose of returns?
    Ans.
    a) Mode for transfer of information to tax administration;
    b) Compliance verification program of tax
    administration;
    c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period;
    d)

    ...
  • Q 1. What is refund?
    Ans. Refund has been discussed in section 54 of the CGST/SGST Act.
    “Refund” includes
    (a) any balance amount in the electronic cash ledger so claimed in the returns,
    (b) any unutilized input tax credit in respect of (i) zero rated supplies made without payment of tax or, (ii) where the credit has accumulated on account of rate

    ...
  • The Central Board of Indirect Taxes and Customs, vide notification no. 49/2018 – Central Tax dated 13th September, 2018, has provided the format of FORM GSTR – 9C.

    As per section 35 (5) of the Central Goods and Service Tax Act, 2017, read with rule 80 (3) of the Central Goods and Service Tax Rules, 2017, FORM GSTR – 9C is required to be filed by every registered person whose aggregate turnover during a

    ...
  • Section 51 of the CGST Act 2017 provides for deduction of tax by the
    Government Agencies (Deductor) or any other person to be notified in this
    regard, from the payment made or credited to the supplier (Deductee) of taxable
    goods or services or both, where the total value of such supply, under a contract,
    exceeds two lakh and fifty thousand rupees.

    ...