Presently different tax laws prescribe for different taxable event which is going to be replaced by GST Laws. Under GST, tax would be paid at the time of supply of goods/ services, lets discuss the same.

The introduction of Goods and Service tax would be one of the bigger reform in the Indian economy in the field of Indirect tax reforms. By merging a large number of Central and state taxes in to single tax, it would help in mitigating cascading or double taxation and pave the way for a common national market.

The financial year-end is drawing close. Many who’ve ignored tax planning all year long will now be panicking and looking for quick-fix tax-saving solutions.

As per section 139(1) of the Income Tax Act, 1961 in the country, individuals whose total income during the previous year exceeds the maximum amount not chargeable to tax, should file their income tax returns (ITR).

We all are aware that GST is going to implement from July 2017. Now we all are just trying to analyse its impact on different Industries deals in various goods/ services.

You can save tax by investing upto Rs 1.5 lakh in equity-linked savings scheme (ELSS) under section 80C of the Income Tax Act.

Textile sectors play a very important part in the development of the Indian economy with regard to GDP, Export promotion, employment, etc.The textile industry is the second largest industry which provides skilled and unskilled employment.

The government’s decision to raise the tax-free gratuity limit to Rs 20 lakh for non-government employees may lead to big tax savings. The decision has yet to be approved.

When we think about making tax saving investments, the first thing that comes to mind is section 80C of Income tax Act. But readers, slow down. We will only tell you what’s available, and what’s good for you, from a tax saving point of view.

Telecom faces several issues under the current indirect tax regime and, therefore, the sector has high hopes from the proposed GST regime. However, the model GST law does not appear to bring an end to the issues being faced by the telecom sector.

Yet if you have not re-designed your Salary Package , then this is the change available with you to smartly restructure the same to avoid extra tax burden

The present burden of taxation is mainly on honest taxpayers and salaried employees.” Keeping this in view, he tried to disperse the tax liability on everyone so that there is a uniformity in paying tax amongst all

It is already March and soon the financial year 2016-17 will end. By this time you should have better picture of your total Income, any investment you made or may make before the end of financial year.

After a decade-long wait, India will finally implement the Goods and Service tax this will help to remove tax barriers between states, creating a single market.

(GST) council is likely to retain a clause in the law that will require service providers to register in every state where they operate, despite recent representations from various Union ministries, telcos, banks, and insurance firms for a single registration system.