GST collections for February were at Rs 1.5 lakh crore, registering an increase of over 8.3% year on year, higher than the nominal GDP growth of 7.5% in 2019-20. This is welcome. The 8.3% growth comes from 12% growth in…
As per the Finance Bill 2020, the following amendments have been made in TDS Section 194J which will take effect from 1 What is TDS Section 194J? Section 194J of the Income Tax Act 1961 contains provisions with respect to…
GST and its impact on consumers The finance ministry released the recently released draft of goods and sales tax. And, based on the current scheme of affairs, consumers are expected to pay a service charge tax of around 14.5-15% for…
