GST Master

 Income tax replacing expenditure tax ? Nirmla Sitaraman Ji... GST Master provides this some information about upcoming budget 2022👇👇👇👇👇 New Delhi. Budget 2022: The time has come for a radical change in the personal tax system of the country. This is the opportune time to switch from Income Tax to Expenditure Tax. Income tax is now only a means to increase the problems of the salaried and middle class. It is helpless in collecting tax from rich people. Therefore, now India should make the basis for charging income tax as income, not expenditure (expenditure).   How ironic that a normal salary earner first pays income tax and then spends the remaining income. On the other hand, rich people spend first and then pay income tax on the remaining income. If expenditure is made the basis for levying tax by applying expenditure tax instead of income tax , then it will remove the problems of the common income tax payer. Black money will stop from flourishing. Savings trend will b...

Deployment of Interest Calculator  in GSTR-3B following are the govt. provides data, GST Masters is not a Govt. websites and not responsible any of below information. The new functionality of interest calculator in GSTR-3B is now live on the GST Poral. This functionality will facilitate & assist the taxpayers in doing self-assessment. This functionality will arrive at the system computed interest on the basis of the tax liability values declared by the taxpayers, along with the details about the period to which it pertains. The interest appliable, if any, will be computed after the filing of the said GSTR-3B and will be auto-populated in the Table-5.1 of the GSTR-3B of the next tax-period. The facility would be similar to the collection of Late fees for GSTR-3B, filed after the Due date, posted in the next period’s GSTR-3B. This functionality will inform the taxpayers about the manner of system computed interest for each tax-head and hence will assist the taxpayers in doing cor...

  GST Registration FREE Free !  Free ! Free ! GST Registration Online – An Overview In India,  GST  (Goods and Service Tax) is a growing trend in the compliance world for business entities. It states that every entity from 1st July, 2017 onwards has to pay a certain amount of tax as GST to government chargeable on the taxable amount of supply made. This tax system in India was introduced by the government to simplify the tax implications faced by businesses and to come up with a common solution for problems like imposition of double taxation, misreporting of taxes etc. Based on certain slabs,  GST  is inclusive of different tax rates applicable on different goods and services identified through respective HSN Codes. More about GST Registration: GST Registration is an online process in which any person holding any business entity (Proprietorship/Partnership/LLP/Company) has to obtain unique GST registration number issued by the concerned tax authority to col...