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Place of Supply of Goods under GST

Goods and Services Tax (GST), one of the biggest indirect-tax reforms in India, is a destination based tax system or a consumption-based tax system which means the consuming state will collect the GST whereas...

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Presumptive Income under Section 44AD

The Government of India provides for a scheme of presumptive taxation scheme (hereinafter referred to as “the scheme”) for small taxpayers. Under this scheme, small businesses such as kirana stores are not required to...