HSN Code Mandatory on Tax Invoice from 1st April 2021 Dear reader, with effect from the 1st day of April 2021, HSN Code will be mandatory on GST Invoice. Now, we need to mention HSN or SAC Code corresponding to each item in the tax invoice. The Central Board of Indirect Taxes and Customs (CBIC) …
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Due Dates for filing of GSTR-3B for the Month of February 2021 Dear Tax Payers, find the GSTR-3B filing due dates for the tax period of February 2021. Here is the comprehensive list of GSTR-3B filing due dates in tabular format. You may find the due dates of filing applicable for both the class of …
TDS Certificate – Introduction Any person who is engaged in the deduction of TDS is required to issue TDS certificate. As per the Section 203 of the Income Tax Act, 1961 it is mandatory for all Deductors to deduct TDS. After deducting and depositing the TDS by due date in Government account, the Deductor has …
Distribution of commodities Chapter wise for HSN codes Under the Goods and Services Act, all the goods and services are classified into 21 sections and 99 chapters. The chapters are again into 1244 subheadings. The given HSN codes give the GST tax rates which are levied on the goods. SECTION I – LIVE ANIMALS, ANIMAL …
Deduction on Interest on Savings Account Deposit – Section 80TTA Here’s a quick guide on claiming the deduction on interest under section 80TTA of the Income Tax Act. In this post, you’ll learn about: What is section 80TTA, Eligibility for Section 80TTA, Maximum amount of deduction (deduction limit), How to claim the deduction, etc. Section …
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