How to Find GST rates, right HSN/SAC Codes
How to Find Right HSN Codes and SAC codes for generating invoice under GST for accounting. Here I am illustrating some sources available over internet to get the right HSN code and tax rates. As we all know; HSN Code will be optional for tax payers having annual turnover up to 1.5 crore, but they… (1 comment)

Download GST rates & HSN/SAC codes in excel & pdf format
GST is the new Indirect tax implemented in India from  1st July 2017. We will share an Excel sheet & PDF with Complete Gst rate ,HSN & SAC Codes for Downloading. However this may not be a complete or exhaustive list of items under exemptions or attracting concessional rates under GST. Some of the items… (3 comments)

how to get provisional id for gst enrolment?
Now its time to enrol into the new tax system GST.  All existing tax payers registered with state and central laws like central excise, VAT, Service tax ,Entry tax, luxury tax and entertainment are advised to migrate on the new new GST portal to validate existing data and fill up the remaining data required in… (13 comments)

How to apply for TAN Number?
Earlier we had a lesson on What is a TAN and about its structure. This time let’s learn how to apply for a Tax deduction and collection account number-TAN.There are two modes of applications.Online application and offline application. Online Application of TAN Online or offline, TAN Number shall be applied through Form 49B. Click the below link to… (0 comment)

What is a TAN Number?
TAN is Tax deduction and collection account number. TAN itself is a number so no point in writing as TAN Number.However generally people call it ‘TAN Number. So what is a Tax deduction and collection account number?. As it’s name says Tax deduction and collection Account Number is an account number allotted by Income tax… (0 comment)

Tds on buying property from nri (Non resident)
TDS on buying property from a NRI is a complex subject. The buyer and seller is totally in dark about the TDS to be deducted in the case of buying/Selling an immovable property from NRI. The reason is that the section 194IA talks about TDS on sale of immovable property and sale of property by… (5 comments)

Payment of TDS on sale of property & File Form 26QB
TDS on sale of immovable property as per section 194 IA is implemented As per Finance Bill of 2013.The section is exempted for transactions below 5000000.00 ( Fifty lakhs) with effect from June 1, 2013, Tax @ 1% should be deducted by the purchaser of the property at the time of making payment of sale consideration. In… (0 comment)