Job portal for accounting and financial professionals
KnowyourGST was launched a year back to provide free information on to be launched GST law. However within a short span of time, we have become a strong community of monthly 2.5 lakh users. With a mission to continuously update our services and help users, a new job portal is launched to conne... Click to read full article

Pulkit Sharma 07/04/2018 under General

Annual compliance for Foreign Companies and branch in India
Annual Compliance under companies Act, 2013 As per section 2 of Companies Act, 2013, “Foreign Company” means means any company or  body  corporate incorporated outside India which – has a place of business in India whether by itself or through an agent, physic... Click to read full article

CA Ankit Sharma 06/04/2018 under Legal

How to apply Letter of Undertaking (LUT)?
You can export goods or service or both without paying IGST. To export goods without paying GST, you have to furnish Letter of Undertaking with GST department. Earlier you had to file LUT offline in form RFD-11, however now the process to furnish LUT is being made online. Now you can apply for... Click to read full article

Pulkit Sharma 28/02/2018 under GST

Download Advance Tax Calculator in MS Excel
Under Income tax act, advance tax is the mechanism by which Central Government collects taxes payable in the assessment year in previous year itself. Under Income tax act, advance tax is required to be paid by all the assessees, if there is a tax liability in their hands, except - ... Click to read full article

CA Ankit Sharma 02/04/2018 under Income-Tax

Basic E-way rules and FAQ
E-way bill will become compulsory from April 1, 2018. Tax payers have to generate E-way bill for consignment value exceeding Rs. 50,000. This article will cover common issues faced by taxpayers. What is an E Way Bill? E-way bill (FORM GST EWB-01) is an electronic document (available to s... Click to read full article

Pulkit Sharma 01/04/2018 under GST

Learn and understand E-way Bill rules and applicability under GST
Every person who makes an outward supply for goods having value more than 50,000 or makes an inward supply for goods having value more than Rs. 50,000 from an unregistered person has to issue an E-way bill. Chapter XVI of CGST rules lay down the E-way bill rules. Who has to issue or generat... Click to read full article

Pulkit Sharma 29/12/2017 under GST

Why you should invest in public provident fund (PPF)?
If you are employed in a company, you must be paying provident fund from your salary. Normally in case of employees, employer deduct PF every month and remit. But, in case of self employed, Public Provident Fund or PPF is best option for retirement planning. I love PPF for many reasons. ... Click to read full article

GST Payer 24/03/2018 under Investment

Life Insurance as an investment
Do you believe insurance is an investment? Have you invested heavily in investment products? If you have invested in insurance for investment purpose, you have done a mistake. Insurance is never an investment option and insurance was never meant to be an investment like stock market or r... Click to read full article

GST Payer 24/03/2018 under Investment

FAQ on section 80D of Income Tax Act
1. When can deduction be claimed u/s 80D of Income tax Act? Deduction u/s 80D of Income tax Act can be claimed on payment of medical insurance premium. 2. Which assessees are eligible for deduction? Deduction can be claimed only by individual and HUF. 3. Can an individual pa... Click to read full article

CA Ankit Sharma 17/03/2018 under Income-Tax

Become a MS Excel superstar at your office
Microsoft Excel or we call it MS Excel is a very powerful tool for running business. In any office most of people spend their time on excel than on any other software. How efficient you are at your workplace depends on your Excel skills. You can save 50% of your time, if you are reall... Click to read full article

Pulkit Sharma 15/03/2018 under General

What is GST?
Goods and Services Tax or GST is an indirect tax levied on supply of goods and services. GST was introduced in India on July 1 ,2017. GST replaced all other existing indirect taxes such as VAT, Excise and Service Tax among others. In this article I will write to explain you basic concept... Click to read full article

GST Payer 14/03/2018 under GST

Benami property transactions act in simple language
How do people use and enjoy their black money? They buy properties and live an expensive life, but they do not buy on their own name. People who make black money, to hide their expenses incur these expenses on name of other people. In simple terms prohibition of benami property transactions... Click to read full article

Pulkit Sharma 12/03/2018 under Income-Tax


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