
The Income Tax Department conducted searches on a company engaged in trading of telecom equipment and installation and servicing of these items for various telecom players

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While addressing the award function, Shri Goyal said the key achievements include Granting of 28,391 patents in 2020-21 as compared to 4,227 grants during 2013-14
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Ministry of Corporate Affairs (MCA) vide notification dated 24.03.2021 has amended the Schedule III to the Companies Act, 2013 effective from 01st April, 2021 to mandate various disclosures by companies in their financial statements.
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Heena Bashmakh 2022-06-24

The sale of used and old vehicles was taxed at the same rate as applicable on new vehicles which was 28% + Applicable cess which was up to 15%, and due to this effective tax on the sale of old vehicles was up to 43%. Big Relief on Sale of Old and Used Vehicles:Government by issuing the Notification No. 8/2018 Central Tax Rate read with state Tax Notification, reduced the Rate of GST on the old and used vehicles as follows:1. Note: Government also Exempted the Cess applicable on the sale of used vehicles through Notification No. Concessional rates are not available if input tax credit under GST or Cenvat Credit under Cenvat Credit Rules or ITC under State Vat was availed.
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Daniel Watson 2020-06-30

Because of GST in India, the Indian financial sector has leveraged a more efficient and clear tax structure.
Before the implementation of GST, startups having a turnover of more than Rs 5 lakhs, were supposed to pay a huge amount of tax as VAT; but with GST, this number has increased to Rs 20 lakhs.
All this has helped small businesses and startups to remain out of the tax bracket and focus on their core competencies.
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Taxocean 2022-02-20

Taxocean is an Accounting and Tax consultancy firm, offering consultancy for GST, TDS/TCS, or PF/ESIC, GST Registration & ITR Filling, Digital Signature, MSME Registration, import-export IEC CODE , NSIC, ISO Certificate, Company incorporation(MOA, AOA), PAN & TAN, PVT ltd & LLP, trade license, labour license, and Accounting Services. Whether it is business income or an individual’s earning, financial woes could hamper your overall growth. Contact Taxocean’s best taxation and accounting specialists to resolve your financial problems and continue paving the path of success.
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sebin v james 2021-10-27

Finprov is one of the Best Accounting and Finance Training Institute in Kerala, Providing courses like Tally, CBAT, QuickBooks, GST, and Income Taxhttps://finprov.com/
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