Income Tax Blog - H&R Block India


August 16, 2017

Rules and conditions of Form GST TRAN 1 and TRAN 2

Any business that has not availed Input Tax Credit (ITC) on services or a closing stock can claim credit of tax paid under the pre-GST regime, irrespective of whether they are registered or unregistered under this regime. Depending on the possession of the evidence of […]
August 16, 2017

Is your Aadhaar still Active?

According to the Minister of State for Electronic and Information Technology, PP Chaudhary, until now nearly 81 lakh Aadhaar numbers have been deactivated by Unique Identification Authority of India. The state-, year- and reason-wise data is not maintained by the UIDAI. These Aadhaar numbers were […]
August 14, 2017

Benefits and Drawbacks of GST Composition Scheme

Composition or compounding scheme is nothing new in Indian indirect taxation system. Many taxpayers under state VAT laws already enjoy the benefits of composition. Although service taxpayers never got the benefit of compounding system. GST regime will bring the benefits of composition scheme for all […]