India File Kar Raha Hai
Understanding Form 80G and 12A Form 80G and 12A are certifications issued by the Income Tax Department of India that provide tax benefits to donors and entities. Here’s what they entail: Form 80G Purpose: It allows tax deductions to donors who contribute to charitable organizations. Entities Eligible: Charitable trusts, NGOs, religious institutions, etc. Benefit to […]
1. Introduction to GSTR-9C What is GSTR-9C? GSTR-9C is a reconciliation statement mandated under the Goods and Services Tax (GST) regime in India. It is a statement of reconciliation between the annual returns filed in GSTR-9 and the audited annual financial statements of the taxpayer. This document ensures that the values reported in the GST […]
Certainly! Here’s a detailed guide on cases where Input Tax Credit (ITC) under the Goods and Services Tax (GST) in India cannot be availed, focusing on various categories like motor vehicles, food and beverages, insurance services, membership fees, and more, along with examples for better understanding: 1. Motor Vehicles and Conveyances Input Tax Credit cannot […]
