CA Vimal Kumar Sharma, Author at Goyal Mangal & Company

GST Exemption on Pure Services to Government, Local/ Government Authority/Entity

Understanding the taxation of goods and services include knowing that the goods or service is free to register with GST. […]

The presumptive scheme under income tax is a popular scheme used by businesses and professionals. This system essentially reduces the

Covid19 has caused a great deal of confusion in insurance companies. In particular, insurance brokers are at risk of price

In a simple sense Loss, means the excess of expenses over income. Loss arises when income made during the financial

Under the GST, a taxpayer registered with the GST may claim a refund of any taxes and interest paid or

It is an old proverb that savings at a young age can play a great role in old age. Nowadays

India ranked 8th in terms of revenue from the e-commerce market and its growth in 2020. While the importance of

Cost audit is cost verification of accounting for the accuracy of cost accounting records. It is a way of ensuring

The new rule 18AB of Income Tax Rules applies to all those bodies having approval under sections 80G and 35(1)

A scheme for presumptive taxation got introduced which is Section 44ADA which provides an easy as well as simple method

Income tax is one of the most important aspects of financial planning. To save taxes, you must keep track of

The provision of two or more commodities or services might be classified as a ‘composite supply’ or a ‘mixed supply.’