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Our Blogs

Impact of Goods and Services Tax on Job Work

Business Implication of Goods and Services Tax on Job Work in Manufacturing Industry. What is job work? Job work means processing or working on raw materials or semi-finished goods supplied by the pri[...]

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GST Return

Filing GST return under the GST regime is crucial as non-compliance and delay will result in penalties and affect your compliance rating and timely refunds. All registered businesses have to file m[...]

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Step-by-Step New GST Registration – Part IV

Introduction In our previous blog, we guided you through the remaining 6 pages of Part B of the New Registration form, GS REG-01. You now need to complete the verification process and submit the form.[...]

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Step-by-Step New GST Registration – Part III

Introduction The process for New Registration under GST in the GST portal comprises of Part A and Part B. We have familiarized you with Part A of the process. In our previous blog, we took you through[...]

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Step-by-Step New GST Registration – Part II

Introduction In our previous blog, we took you through the first part of the step-by-step new GST Registration guide as per the GST portal – primarily completing Part A of the form, after which you [...]

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Step by Step GST Registration – Part I

Introduction It has been 6 months since we entered the GST era, and there are still many businesses across the country – both old and new, that are yet to figure how to register for GST. While the p[...]

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How to Save Income Tax

Income tax is the unfortunate reality of income. If given a choice, most of us wouldn’t want to pay tax on the income we earn. But we should, because the income tax we pay is an important source of [...]

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Exemption For Capital Gains

The Income Tax Act has laid out exemptions under Section 54 and Section 54F to help taxpayers save tax on capital gains. (1)Exemption under Section 54 is available on long-term Capital Gain on sale of[...]

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Taxation on Sale of Under Construction Property

Let’s assume i bought an under-construction property and payment plan was linked to the construction. The builder and bank either forced me or i voluntarily registered the under-construction propert[...]

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