THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – DEFINITIONS

THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 DEFINITIONS In this Act, unless the context otherwise requires, –– (1) “actionable claim” shall have the same meaning as assigned to it in section 3 of the Transfer of Property Act, 1882; (2) “address of delivery” means the address of the recipient of goods or services or… Read More THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 – DEFINITIONS

Measures for Promoting Digital Payments & Creation of Less-Cash Economy

The benefit of lower rate of Income-tax on digital turnover for small businesses up to a turnover of Rs. Two crore announced by the Government on 19th December, 2016 under Section 44AD of the Income-tax Act, 1961 is a huge benefit given to businessmen for promoting digital/banking transactions. The benefits given are explained in the… Read More Measures for Promoting Digital Payments & Creation of Less-Cash Economy

GST ON EDUCATION SERVICE

Education : Education is the process of training , learning, acquisition of knowledge, skills, values, beliefs, habits and  character of the persons. It includes storytelling, discussion, teaching, training, and research. Education can take place in formal or in informal way. Education is commonly divided formally into such stages as preschool or kindergarten, primary school, secondary… Read More GST ON EDUCATION SERVICE