List of services under GST 0% slab S.No. Particulars 1. Services by the Central Government, State Government, Union territory or local authority to governmental authority or government entity, by way of lease of land 2. Supply of land or undivided share of land by way of lease or sub lease where such supply is a part … Read more
List of goods under GST 0% slab S.No Particulars 1. Live asses, mules and hinnies 2. Live bovine animals 3. Live swine 4. Live sheep and goats 5. Live poultry, that is to say, fowls of the species gallus domesticus, ducks, geese, turkeys and guinea fowls 6. Other live animal such as Mammals, Birds, Insects … Read more
In 1954, GST is first implemented in France. After that, more than 160 countries adopted GST or VAT in their economy. In India, Goods and Services Tax is introduced in 2010 and put into effect on 1st July 2017. It is an indirect tax levied at a prescribed rate on every sale of goods or … Read more
In India, taxation on income is regulated under the Income Tax Act 1961. It is a form of an indirect-tax charged. This act provided sections and definitions according to the law applied to assess, justify, and charge income tax in India. Section (2) Definitions Agricultural income Amalgamation It means the merger of one or more … Read more
The year 2020, is turning out to be very shocking for the world. It started with a shocking spread of the COVID-19 pandemic, Stock market crash, global recession, lockdown, war, work-from-home, election and economic reforms. One of the new terminology come into existence i.e. Privilege tax. With the rise of work-from-home trend, the governments was … Read more
Are you searching for ways to save tax? Here is an article that might help to find a solution for it. Tax is one of the largest expense in people’s life. There is no shortage of taxpayers that are looking for ways to cut down their tax liability. At the end, no one like to … Read more
© Saif Wealth 2020
